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Visionstate
(VIS)
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Rating:44Neutral
Price Target:
C$0.02
▼(-25.00% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by very weak financial performance—persistent losses, negative equity, and ongoing negative operating/free cash flow indicating elevated funding risk. Technicals are broadly neutral with only slight positive momentum, providing limited support. Valuation is also constrained by the negative P/E (loss-making) and lack of dividend yield data.
Positive Factors
TTM Revenue Rebound
The sharp TTM revenue rebound indicates renewed commercial traction after a small decline in 2025. If sustained, higher sales can improve operating leverage, broaden customer adoption of the platform, and provide a larger base from which to work toward eventual profitability.
Negative Factors
Persistent Unprofitability
Persistent negative gross profit shows that revenue currently does not cover the direct cost base, while operating and net losses indicate broader expenses remain unsupported. This weak margin structure limits self-funded growth and makes durable profitability dependent on substantial improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
TTM Revenue Rebound
The sharp TTM revenue rebound indicates renewed commercial traction after a small decline in 2025. If sustained, higher sales can improve operating leverage, broaden customer adoption of the platform, and provide a larger base from which to work toward eventual profitability.
Read all positive factors
Visionstate (VIS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$3.87M
Dividend YieldN/A
Average Volume (3M)177.02K
Price to Earnings (P/E)―
Beta (1Y)0.05
Revenue Growth12.49%
EPS Growth30.43%
CountryCA
Employees5
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding258,326,320
10 Day Avg. Volume218,660
30 Day Avg. Volume177,020
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)-11.95
Price to Sales (P/S)8.66
P/FCF Ratio-4.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Visionstate Business Overview & Revenue Model
Company Description
Headquartered in Edmonton, Canada, Visionstate Corp. is a company focused on research and development in the domains of the Internet of Things (IoT), big data analytics, and environmental sustainability. Its subsidiary, Visionstate IoT Inc., provi...
How the Company Makes Money
Visionstate primarily makes money by selling access to its facility-management software platform (notably WANDA) and related services to organizations that operate and maintain physical facilities. Revenue is generally derived from (1) software fe...
Visionstate Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
22
Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 497.73K | 433.08K | 492.38K | 289.24K | 410.54K | 540.64K |
| Gross Profit | -627.59K | -392.06K | -155.40K | -275.94K | 365.01K | 528.20K |
| EBITDA | -766.12K | -1.04M | -891.81K | -1.69M | -573.90K | -981.91K |
| Net Income | -824.33K | -1.08M | -933.16K | -1.73M | -621.13K | -1.04M |
Balance Sheet | ||||||
| Total Assets | 109.92K | 191.21K | 826.07K | 386.62K | 976.75K | 1.49M |
| Cash, Cash Equivalents and Short-Term Investments | 13.42K | 75.82K | 456.48K | 89.77K | 19.80K | 635.96K |
| Total Debt | 440.88K | 165.52K | 170.76K | 243.59K | 251.54K | 180.50K |
| Total Liabilities | 685.43K | 504.84K | 517.13K | 641.27K | 720.13K | 830.21K |
| Stockholders Equity | -575.51K | -313.63K | 308.94K | -254.65K | 256.63K | 655.03K |
Cash Flow | ||||||
| Free Cash Flow | -615.55K | -826.56K | -671.66K | -1.01M | -766.04K | -536.56K |
| Operating Cash Flow | -615.55K | -826.56K | -671.66K | -1.01M | -766.04K | -536.56K |
| Investing Cash Flow | -82.50K | -82.50K | -63.00K | -22.75K | -109.98K | -1.29M |
| Financing Cash Flow | 373.35K | 528.40K | 1.10M | 1.11M | 259.86K | 2.47M |
Visionstate Technical Analysis
Positive
0.02
Price Trends
0.02
Negative
0.02
Positive
0.02
Positive
Market Momentum
<0.01
Positive
52.72
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VIS, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 52.72 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:VIS.
Visionstate Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | C$104.58M | -0.57 | -58.44% | ― | -3.81% | -275.71% | |
47 Neutral | C$107.41M | -2.50 | -27.81% | ― | -3.88% | -1119.52% | |
47 Neutral | C$5.34M | -0.30 | -532.72% | ― | 15.20% | 18.72% | |
44 Neutral | C$3.87M | -6.52 | 191.65% | ― | 12.49% | 30.43% | |
43 Neutral | C$3.23M | -1.09 | 17.72% | ― | -17.49% | -40.49% | |
37 Underperform | C$3.21M | -20.00 | 8.99% | ― | 19.01% | 70.15% |
* General Sector Average
TSE:VIS
Visionstate
0.02
>-0.01
-25.00%
TSE:KNR
Kontrol Technologies
2.50
0.00
0.00%
TSE:ALYA
Alithya Group
1.08
-0.58
-34.94%
TSE:DM
Datametrex AI
0.04
-0.04
-50.00%
TSE:NERD
Nerds On Site
0.04
0.02
60.00%
TSE:DCSI
Direct Communication Solutions
1.00
-2.00
-66.67%
Visionstate Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Visionstate Raises Up to $750,000 to Drive Global Compliance Tech Expansion
Positive
Aug 25, 2026
Visionstate Corp. has announced a non-brokered private placement of up to $750,000 through the issuance of 37,500,000 units at $0.02 per unit, each comprising one common share and one warrant exercisable at $0.05 over 24 months. Approximately $400...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.