---
title: "VERSUS SYSTEMS INC C/WTS CL A 22/11/2027(TO PUR COM) | 10-Q: FY2025 Q1 Revenue: USD 199.35 K"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/240443143.md"
datetime: "2025-05-15T20:00:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/240443143.md)
  - [en](https://longbridge.com/en/news/240443143.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/240443143.md)
---

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

Revenue: As of FY2025 Q1, the actual value is USD 199.35 K.

EPS: As of FY2025 Q1, the actual value is USD -0.2.

### Segment Revenue

-   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.

### Operational Metrics

-   **Gross Margin**: $191,124 for the three months ended March 31, 2025, compared to $2,457 for the same period in 2024.
-   **Operating Loss**: - $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.
-   **Net Loss**: - $1,156,477 for the three months ended March 31, 2025, compared to - $1,501,683 for the same period in 2024.

### Cash Flow

-   **Net Cash Used in Operating Activities**: - $641,445 for the three months ended March 31, 2025, compared to - $1,757,911 for the same period in 2024.

### Unique Metrics

-   The company recognized $176,000 attributed to professional services during the three months ended March 31, 2025.

### Future Outlook and Strategy

-   **Core Business Focus**: 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.
-   **Non-Core Business**: 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.

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