Sector: Technology | Industry: Software |
Company Contact | |
Address: | 1558 West Hastings Street VANCOUVER BC V6G 3J4 |
Tel: | 1-949-5743860 |
Website: | https://www.versussystems.com |
IR: | See website |
Key People | ||
Keyvan Peymani Executive Chairman of the Board | Craig Finster President, Chief Financial Officer | Matthew Pierce Chief Executive Officer, Director |
Amanda Armour Chief People Officer | Jon Alexander Peachey Chief Technology Officer |
Business Overview |
Versus Systems Inc. is an engagement and rewards company. The Company offers a suite of business-to-business software tools that drive user engagement through gamification, interactivity, and rewards. These tools allow its partners to offer in-game prizing and rewards, including merchandise, coupons, digital goods, and sweepstakes entries - inside their websites, their venues, or their streaming media content. The Company's customers, such as sports teams, venues, and advertising agencies, use its products, including Winfinite, XEO, and its suite of skill-based games as part of their live events or as part of an advertising campaign. End users of its products earn prizes by registering on its system and completing in-content challenges, such as trivia, polls, or casual, skill-based mobile games. Players can use its system to play a variety of games and earn a range of prize types, including coupons, sweepstakes-style prizes, consumer packaged goods downloadable content or web3 prizing. |
Financial Overview |
For the fiscal year ended 31 December 2023, Versus Systems Inc revenues decreased 76% to $271K. Net loss decreased 53% to $10.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Sales and marketing decrease of 50% to $5.9M (expense), Impairment of goodwill and other intangi decrease of 56% to $4M (expense). |
Employees: | 14 as of Mar 29, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | N/A |
Annual revenue (TTM): | $0.27M as of Dec 31, 2023 |
EBITDA (TTM): | -$4.42M as of Dec 31, 2023 |
Net annual income (TTM): | -$10.51M as of Dec 31, 2023 |
Free cash flow (TTM): | -$5.54M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 2,506,015 as of Apr 1, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |