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Visionstate Corp., through its subsidiaries, engages in the research and development of technology in the realm of the Internet of Things, big data and analytics, and sustainability in Canada and the United States. The company provides interactive electronic business solutions in the form of touchscreen and mobile wayfinding and efficiency applications, as well as consulting, graphic, and web design and related services and support. It serves shopping centers, hospitals, office buildings, airports, schools, and other places. Visionstate Corp. is headquartered in Edmonton, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Visionstate Corp (TSX-V: VIS) is a Canadian small-cap technology issuer with limited public information about its products and operations. Long-term growth may be supported by broader adoption of digital and IoT solutions and recurring software or services revenue, and investors may view the company as a way to gain exposure to niche technology trends if management can execute and scale.
Primary investment risks include execution and financing risk common to thinly traded micro-cap issuers, constrained liquidity, limited transparency and potential dilution from future capital raises.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
| Income before tax | -1.08M | -0.94M | -1.74M | -0.61M | -1.03M |
| Net income | -1.08M | -0.93M | -1.73M | -0.62M | -1.04M |
| Selling general administrative | 0.58M | 0.67M | 0.64M | 0.92M | 0.77M |
| Gross profit | -0.38M | -0.16M | -0.28M | 0.37M | 0.53M |
| Reconciled depreciation | 0.02M | 0.02M | 0.02M | 0.01M | 0.01M |
| Ebit | - | - | -0.91M | -0.53M | -0.23M |
| Ebitda | - | - | -0.90M | -0.51M | -0.21M |
| Depreciation and amortization | - | - | 0.02M | 0.01M | 0.01M |
| Operating income | -1.06M | -0.93M | -0.95M | -0.59M | -0.29M |
| Other operating expenses | - | - | 1.22M | 0.98M | 0.80M |
| Interest expense | 0.02M | 0.03M | 0.02M | 0.02M | 0.04M |
| Tax provision | 0.00M | -0.01M | -0.01M | 0.01M | 0.01M |
| Interest income | 0.00M | 0.00M | 0.01M | 0.04M | 0.03M |
| Net interest income | -0.02M | -0.03M | -0.01M | 0.02M | -0.04M |
| Income tax expense | - | - | -0.01M | 0.01M | 0.01M |
| Total revenue | 0.43M | 0.49M | 0.29M | 0.41M | 0.54M |
| Total operating expenses | 1.49M | 1.42M | 0.65M | 0.94M | 0.78M |
| Cost of revenue | 0.81M | 0.65M | 0.57M | 0.05M | 0.01M |
| Total other income expense net | - | 0.02M | -0.80M | -0.07M | -0.74M |
| Net income from continuing ops | -1.08M | -0.93M | -1.73M | -0.62M | -1.04M |
| Net income applicable to common shares | - | - | - | -0.62M | -1.04M |
| Breakdown | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
| Total assets | 0.19M | 0.83M | 0.39M | 0.98M | 1.49M |
| Other current assets | - | - | 0.15M | - | - |
| Total liab | 0.50M | 0.52M | 0.64M | 0.72M | 0.83M |
| Total stockholder equity | -0.31M | 0.31M | -0.25M | 0.26M | 0.66M |
| Other current liab | - | - | 0.25M | 0.09M | 0.17M |
| Common stock | - | - | 11.10M | 10.37M | 10.08M |
| Capital stock | 12.17M | 11.93M | 11.10M | 10.37M | 10.08M |
| Retained earnings | -17.68M | -16.60M | -15.67M | -13.94M | -13.32M |
| Other assets | - | - | - | 0.28M | 0.00M |
| Cash | 0.08M | 0.46M | 0.09M | 0.02M | 0.64M |
| Total current liabilities | 0.49M | 0.49M | 0.59M | 0.60M | 0.78M |
| Current deferred revenue | - | - | 0.01M | - | - |
| Net debt | 0.05M | - | 0.15M | 0.16M | - |
| Short term debt | - | - | 0.20M | - | - |
| Short long term debt | 0.13M | 0.12M | 0.18M | 0.12M | 0.12M |
| Short long term debt total | - | - | 0.24M | - | - |
| Other stockholder equity | - | - | 2.67M | 1.17M | 1.73M |
| Property plant equipment | - | - | - | 0.07M | 0.01M |
| Total current assets | 0.11M | 0.73M | 0.28M | 0.06M | 0.92M |
| Long term investments | - | - | 0.00M | 0.56M | 0.56M |
| Net tangible assets | - | - | - | 0.26M | 0.66M |
| Net receivables | 0.01M | 0.01M | 0.04M | 0.03M | 0.24M |
| Long term debt | - | - | - | 0.05M | 0.05M |
| Inventory | - | - | - | 0.00M | 0.02M |
| Accounts payable | 0.10M | 0.03M | 0.14M | 0.14M | 0.20M |
| Accumulated other comprehensive income | - | - | 1.64M | - | - |
| Non currrent assets other | - | - | 0.05M | - | - |
| Non current assets total | 0.08M | 0.09M | 0.11M | 0.91M | 0.57M |
| Capital lease obligations | 0.03M | 0.05M | 0.06M | 0.08M | 0.01M |
| Breakdown | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
| Investments | - | 0.00M | -0.02M | -0.11M | -1.00M |
| Change to liabilities | - | - | - | -0.23M | -0.28M |
| Total cashflows from investing activities | - | - | - | -0.11M | -1.29M |
| Net borrowings | -0.02M | -0.06M | - | -0.03M | -0.27M |
| Total cash from financing activities | 0.51M | 1.10M | 1.11M | 0.26M | 2.47M |
| Change to operating activities | - | - | - | 0.01M | -0.01M |
| Net income | -1.08M | -0.93M | -1.73M | -0.62M | -1.04M |
| Change in cash | -0.38M | 0.37M | 0.07M | -0.62M | 0.64M |
| Begin period cash flow | 0.46M | 0.09M | 0.02M | 0.64M | -0.00M |
| End period cash flow | 0.08M | 0.46M | 0.09M | 0.02M | 0.64M |
| Total cash from operating activities | -0.81M | -0.67M | -1.01M | -0.77M | -0.54M |
| Issuance of capital stock | 0.38M | 1.36M | 1.22M | 0.07M | 2.52M |
| Depreciation | 0.02M | 0.02M | 0.02M | 0.01M | 0.01M |
| Other cashflows from investing activities | - | - | - | -0.04M | 0.01M |
| Dividends paid | 0.00M | 0.00M | 0.02M | 0.00M | 0.00M |
| Change to inventory | - | - | -0.14M | 0.02M | 0.00M |
| Change to account receivables | 0.00M | 0.00M | 0.02M | 0.00M | -0.02M |
| Sale purchase of stock | - | 0.00M | -0.07M | - | - |
| Other cashflows from financing activities | - | - | -0.00M | 0.21M | 0.04M |
| Change to netincome | - | - | - | 0.05M | 0.79M |
| Capital expenditures | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Change in working capital | 0.07M | 0.01M | -0.13M | -0.21M | -0.30M |
| Other non cash items | 0.19M | 0.25M | 0.83M | 0.05M | 0.79M |
| Free cash flow | -0.81M | -0.67M | -1.01M | -0.77M | -0.54M |
Sector: Technology Industry: Information Technology Services
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
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) |
|---|---|---|---|---|---|---|---|---|
| VIS Visionstate Corp |
- -% |
0.02 | - | - | 12.05 | 34.28 | 12.71 | -4.68 |
| SPOT Goldspot Discoveries Corp |
-0.01 2.13% |
0.23 | 2.19 | - | 5.50 | 0.82 | 0.07 | 0.11 |
| PVT Pivotree Inc |
0.05 4.50% |
1.16 | 11.00 | 28.99 | 0.65 | 0.85 | 0.46 | 3.65 |
| CCDS Carrier Connect Data Solutions Inc. |
- -% |
1.36 | - | - | 43.43 | 3.71 | 47.10 | - |
| VITA Vitalist Inc. |
- -% |
0.69 | - | - | 7.29 | 1.13 | 9.35 | -1.79 |
Visionstate Corp., through its subsidiaries, engages in the research and development of technology in the realm of the Internet of Things, big data and analytics, and sustainability in Canada and the United States. The company provides interactive electronic business solutions in the form of touchscreen and mobile wayfinding and efficiency applications, as well as consulting, graphic, and web design and related services and support. It serves shopping centers, hospitals, office buildings, airports, schools, and other places. Visionstate Corp. is headquartered in Edmonton, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. John A. Putters P. Eng. | Founder, CEO, Pres & Director | NA |
| Ms. Randa Kachkar | CFO & Sec. | NA |
| Ms. Shannon Moore | Pres | NA |
| Alastair Medford | Technical Director | NA |
| Ms. Belinda Davidson | VP of Marketing & Bus. Strategy and Director | NA |
| Mr. John A. Putters P. Eng. | Founder, CEO, President & Director | 1962 |
| Ms. Randa Kachkar | CFO & Board Secretary | NA |
| Ms. Shannon Moore | President of Visionstate IoT Inc | NA |
| Mr. John A. Putters P. Eng. | Founder, CEO, President & Director | 1963 |
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