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Company price
0.8158 USD -0.02 ( 2.64%)
Last update at 2026-11-06T21:00:00Z
VOLUME
3999
Market Cap
3.31M

Momentum Score

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Versus Systems Inc. develops and operates a business-to-business software platform to drive user engagement through gamification and rewards in the United States and Canada. The company offers eXtreme Engagement Online platform that is designed primarily for in-venue main-board work in stadiums and arenas; Filter Fan Cam platform, an augmented reality filtering tool that can be used for mobile and in-venue applications; and Winfinite, an interactive advertising tool that allows content creators, marketers, agencies, and other advertisers to increase customer acquisition and loyalty through a combination of games and rewards. Versus Systems Inc. was incorporated in 1989 and is headquartered in Vancouver, Canada.

Source: TradingView
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Day Price Range
0.82
Low
0.89
High
52 Week Price Range
1.23
Low
10.21
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Versus Systems Inc operates a software platform that embeds interactive rewards and engagement mechanics into digital entertainment and advertising to help publishers and advertisers boost user interaction. Long-term growth may be supported by expansion of gaming and streaming audiences, growing advertiser interest in rewarded ad formats, and broader adoption of gamification across content platforms.

Primary risks are a limited operating track record and likely unprofitable operations that may need additional financing, strong competition from established ad‑tech and gaming platforms, and execution risk in scaling users and advertisers.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.84
Dividend Yield
-
Revenue TTM
0.27M
Revenue Per Share
0.30
Gross Profit TTM
0.03M
Debt / Equity
0.23
ROE
-226.29%
Net Debt
-4.69M
ROCE
-484.16%
Diluted EPS TTM
-8.69

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -21.76M -17.85M -7.27M -7.37M -6.88M
Minority interest - - -7.55M -6.02M -5.89M
Net income -29.61M -18.00M -6.31M -5.51M -3.40M
Selling general administrative 10.41M 11.82M 5.65M 4.61M 4.28M
Selling and marketing expenses 0.14M 0.88M 0.51M 0.60M 0.15M
Gross profit -19125193.89M 0.77M -1706970.54M 0.51M 0.00M
Reconciled depreciation 3.21M 2.35M 2.03M 2.86M 2.99M
Ebit -22.06M -15.48M -6.60M -7.09M -6.72M
Ebitda -10.58M -12.12M -5.01M -4.90M -4.52M
Depreciation and amortization 11.48M 3.36M 1.59M 2.19M 2.20M
Operating income -22.06M -15.48M -6.60M -7.09M -6.79M
Other operating expenses 14.84M 15.01M 7.76M 7.40M 6.63M
Interest expense 0.12M 0.15M 0.25M 0.25M 0.06M
Net interest income -0.18M -0.38M -0.69M -0.59M -0.20M
Income tax expense 7.85M 0.15M -0.96M -1.86M -2.38M
Total revenue 1.11M 0.77M 1.46M 0.51M 0.00M
Total operating expenses 14.84M 15.01M 7.76M 7.40M 6.63M
Cost of revenue 19125195.00M - 1706972.00M 0.00M 0.00M
Total other income expense net 0.30M -2.37M -0.67M -0.28M -0.11M
Net income from continuing ops -21.76M -17.85M -9.27M -9.63M -9.37M
Net income applicable to common shares -21.76M -14.40M -7.75M -6.87M -4.63M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 4.88M 8.80M 18.54M 5.59M 3.09M
Intangible assets - 7.07M 9.17M 1.77M 2.13M
Other current assets 0.16M 0.22M 0.55M 0.54M 0.03M
Total liab 0.32M 3.32M 4.54M 6.75M 5.29M
Total stockholder equity 11.94M 11.86M 22.62M 4.76M 2.41M
Other current liab 0.20M 0.38M 0.45M 0.92M 0.40M
Common stock 147.13M 122.38M 110.25M 85.34M 76.20M
Capital stock 147.13M 122.38M 110.25M 85.34M 76.20M
Retained earnings -135.43M -125.18M -101.00M -89.61M -81.55M
Other liab - - 0.36M - -
Good will - 0.00M 6.58M - -
Other assets - -0.01M 0.11M 0.11M 0.00M
Cash 4.69M 1.18M 1.68M 2.33M 0.08M
Total current liabilities 0.32M 3.32M 3.37M 4.03M 1.00M
Current deferred revenue 0.04M 0.07M 0.19M - -
Net debt -4.69M 1.55M 1.48M 2.94M 4.47M
Short term debt - 2.73M 2.35M 2.55M 0.25M
Short long term debt - 2.60M 2.11M 2.98M -
Short long term debt total - 2.73M 3.15M 5.27M 4.55M
Other stockholder equity -142.82M 14.66M 2.70M 0.00M 0.23M
Property plant equipment - 0.17M 0.33M 0.63M 0.95M
Total current assets 4.87M 1.46M 2.35M 3.22M 0.13M
Net tangible assets - 4.77M 6.84M 3.77M 0.34M
Net receivables 0.02M 0.06M 0.12M 0.47M 0.03M
Long term debt - - 0.68M 2.91M 4.81M
Inventory 0.00M - - - -
Accounts payable 0.08M 0.14M 0.39M 0.56M 0.34M
Accumulated other comprehensive income 0.25M 14.66M 10.66M 9.03M 7.53M
Common stock total equity - - - 108.83M 99.54M
Non currrent assets other 0.01M 0.11M 0.11M 0.11M 0.11M
Non current assets total 0.01M 7.35M 16.19M 2.37M 2.96M
Capital lease obligations 0.00M 0.13M 0.37M 0.83M 1.12M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -2.54M -2.51M 0.19M 0.19M 0.19M
Change to liabilities -0.43M -1.08M 0.50M 0.02M 0.48M
Total cashflows from investing activities -2.54M -2.51M -1.22M -1.94M -1.84M
Net borrowings -0.32M -0.74M 1.35M 1.02M 7.17M
Total cash from financing activities 11.19M 14.80M 7.20M 5.72M 4.94M
Change to operating activities 0.15M -0.18M 0.00M 0.03M -0.04M
Net income -21.76M -17.85M -7.27M -7.37M -6.88M
Change in cash -0.50M -0.61M 2.25M 0.05M -0.14M
Begin period cash flow 1.68M 2.28M 0.08M 0.03M 0.17M
End period cash flow 1.18M 1.68M 2.33M 0.08M 0.02M
Total cash from operating activities -9.15M -12.89M -3.99M -4.19M -3.73M
Issuance of capital stock 13.25M 11.04M 6.26M 4.82M 2.98M
Depreciation 3.21M 2.35M 1.59M 2.19M 2.20M
Other cashflows from investing activities - - - - 0.00M
Change to inventory - 773187.00M 0.00M - -
Change to account receivables 62868.00M 378975.00M -559470.00M -0.04M 0.01M
Other cashflows from financing activities -1.74M 4.50M 1.53M 2.14M 1.95M
Change to netincome 9.62M 0.05M 0.68M -1.47M -3.89M
Capital expenditures 2.54M 2.43M 1.11M 1.49M 1.35M
Change in working capital -0.22M -0.89M -0.05M 0.01M 0.33M
Stock based compensation 1.57M 2.15M 1.10M 0.64M 0.48M
Other non cash items 8.05M 0.47M 0.67M 0.41M 0.15M
Free cash flow -11.69M -15.32M -5.10M -5.67M -5.08M

Peer Comparison*

Sector: Technology Industry: Software - Application

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
VS
Versus Systems Inc
-0.02
2.64%
0.82 - - 13.31 0.30 11.92 -0.80
SAP
SAP SE ADR
-10.08
4.14%
233.45 28.16 22.42 6.52 4.85 5.60 16.61
CRM
Salesforce Inc
-8.76
3.94%
213.65 23.41 15.55 4.79 5.56 5.55 14.88
SAPGF
SAP SE
-7.43
3.09%
233.00 76.28 22.88 5.61 3.84 5.59 26.18
SHOP
Shopify Inc
5.16
3.59%
148.91 90.18 53.19 12.70 13.17 12.23 67.86

Profile*

Versus Systems Inc

Versus Systems Inc. develops and operates a business-to-business software platform to drive user engagement through gamification and rewards in the United States and Canada. The company offers eXtreme Engagement Online platform that is designed primarily for in-venue main-board work in stadiums and arenas; Filter Fan Cam platform, an augmented reality filtering tool that can be used for mobile and in-venue applications; and Winfinite, an interactive advertising tool that allows content creators, marketers, agencies, and other advertisers to increase customer acquisition and loyalty through a combination of games and rewards. Versus Systems Inc. was incorporated in 1989 and is headquartered in Vancouver, Canada.

1558 West Hastings Street, Vancouver, BC, Canada, V6C 3J4

604 639 4457

8

Name Title Year Born
Mr. Matthew Dalton Pierce Founder, Chairman & CEO 1978
Mr. Craig Charles Finster Pres & CFO 1977
Mr. Jon Alexander Peachey Chief Technology Officer 1975
Ms. Amanda Armour Chief People Officer 1982
Mr. Sean Hopkins Chief Innovation Officer 1976
Christian Miranda Head of Accounts NA
Mr. John Magee VP of Corp. Devel. NA
Ms. Laura Webb Head of Marketing NA
Mr. Tommy D. Bolin B.Sc., P.E. Director of Deep Drilling Technology NA
Mr. John O'Connell Head of Developer Relations & Advisor NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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