<span item_type="fundamental" item_id="0a34c9168b6f58be91b2d7420f60d81e" counter_id="ST/US/VSSYW" env="prod"></span><span item_type="announcement" item_id="549326484156650241" env="prod"></span><p>Revenue: As of FY2025 Q2, the actual value is USD 2.179 M.</p><p>EPS: As of FY2025 Q2, the actual value is USD -0.06.</p><p>EBIT: As of FY2025 Q2, the actual value is USD -233.96 K.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Revenues</strong>: Total revenue for the three months ended June 30, 2025, was $1,980,000, primarily from related party transactions, compared to $26,937 for the same period in 2024, marking a significant increase due to the ASPIS license revenue.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1701963/000121390025076075/ea0251442-10q_versus.htm"></span></li><li><strong>Revenues for the six months ended June 30, 2025</strong>: $2,179,348, compared to $53,440 for the same period in 2024, driven by ASPIS license revenue and professional services.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1701963/000121390025076075/ea0251442-10q_versus.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Gross Margin</strong>: For the three months ended June 30, 2025, the gross margin was $1,971,778, compared to $10,706 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/1701963/000121390025076075/ea0251442-10q_versus.htm"></span></li><li><strong>Operating Income (Loss)</strong>: Operating income for the three months ended June 30, 2025, was $938,801, compared to an operating loss of -$1,499,668 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/1701963/000121390025076075/ea0251442-10q_versus.htm"></span></li><li><strong>Net Income (Loss)</strong>: Net income for the three months ended June 30, 2025, was $942,461, compared to a net loss of -$1,499,742 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/1701963/000121390025076075/ea0251442-10q_versus.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: For the six months ended June 30, 2025, net cash used in operating activities was -$1,508,972, compared to -$3,874,311 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/1701963/000121390025076075/ea0251442-10q_versus.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>License Revenue</strong>: The ASPIS license agreement contributed $1,980,000 in revenue for the three months ended June 30, 2025, recognized as a functional license upon delivery.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1701963/000121390025076075/ea0251442-10q_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 strategic alternatives to address liquidity concerns. It anticipates needing additional financing to execute its business plan and strategy.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1701963/000121390025076075/ea0251442-10q_versus.htm"></span></li><li><strong>Non-Core Business</strong>: The company is exploring new markets, such as Brazil, and is in discussions with major soccer franchises and other entities to expand its market presence.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1701963/000121390025076075/ea0251442-10q_versus.htm"></span></li></ul>

VERSUS SYSTEMS INC C/WTS CL A 22/11/2027(TO PUR COM) | 10-Q: FY2025 Q2 Revenue: USD 2.179 M