<span item_type="fundamental" item_id="31f0984245be24a5c161d99b81a0d7dd" counter_id="ST/US/VSSYW" env="prod"></span><span item_type="announcement" item_id="516463137570951937" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 199.35 K.</p><p>EPS: As of FY2025 Q1, the actual value is USD -0.2.</p><p></p><h3>Segment Revenue</h3><ul><li>Revenue for the three months ended March 31, 2025 was $199,347, an increase of 652% from $26,503 for the same period in 2024. This increase was primarily due to consulting services attributed to the ASPIS arrangement, which accounted for approximately $176,000 during the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1701963/000121390025044132/ea0241145-10q_versus.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Gross Margin</strong>: $191,124 for the three months ended March 31, 2025, compared to $2,457 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1701963/000121390025044132/ea0241145-10q_versus.htm"></span></li><li><strong>Operating Loss</strong>: - $1,172,761 for the three months ended March 31, 2025, a decrease of 22% from - $1,501,436 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1701963/000121390025044132/ea0241145-10q_versus.htm"></span></li><li><strong>Net Loss</strong>: - $1,156,477 for the three months ended March 31, 2025, compared to - $1,501,683 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1701963/000121390025044132/ea0241145-10q_versus.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: - $641,445 for the three months ended March 31, 2025, compared to - $1,757,911 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1701963/000121390025044132/ea0241145-10q_versus.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>The company recognized $176,000 attributed to professional services during the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1701963/000121390025044132/ea0241145-10q_versus.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company plans to increase cash flow from operations and is evaluating other strategic alternatives. It anticipates needing additional financing to execute its business plan and implement its strategy.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1701963/000121390025044132/ea0241145-10q_versus.htm"></span></li><li><strong>Non-Core Business</strong>: The company is considering raising additional funds through public or private equity or debt financings, a bank line of credit, borrowings from affiliates, or other arrangements.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1701963/000121390025044132/ea0241145-10q_versus.htm"></span></li></ul>

VERSUS SYSTEMS INC C/WTS CL A 22/11/2027(TO PUR COM) | 10-Q: FY2025 Q1 Revenue: USD 199.35 K