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Versus Systems Inc. (C:VS)

Business Focus: Application Software

Sector:  Technology Industry:  Software
See Regulatory Filings on SEDAR
Company Contact
Address: 1558 West Hastings Street
Tel: N/A
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
Sean Hopkins
Chief Innovation Officer
Business Overview
Versus Systems Inc. is developing in-game prizing and promotions engine. The Company offers a business-to-business software platform that allows video game publishers and developers, as well as other interactive media content creators, to offer in-game prizing and rewards based on the completion of in-content challenges. The Company enables players, viewers and users to choose from among the offered prizes and then complete in-game or in-application challenges to win the prizes. Its platform facilitates several types of single player prize challenges that includes a range of prize types, including coupons, sweepstakes-style prizes, consumer packaged goods (CPG) and downloadable content (DLC). The Company's platform can be integrated into mobile, console, and personal computer (PC) games, as well as streaming media and mobile applications.
Financial Overview
For the six months ended 30 June 2022, Versus Systems Inc revenues increased from $71K to $574K. Net loss applicable to common stockholders decreased 56% to $5.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects FV Adjustments of Financial Investments increase from $4.7M (expense) to $361K (income), Professional Fees decrease of 68% to $668K (expense).
Employees: 6 as of Dec 31, 2001
Reporting Currency: U.S. Dollars
Enterprise value: $5.73M as of Jun 30, 2022
Annual revenue (TTM): $1.27M as of Jun 30, 2022
EBITDA (TTM): -$11.34M as of Jun 30, 2022
Net annual income (TTM): -$7.58M as of Jun 30, 2022
Free cash flow (TTM): -$12.06M as of Jun 30, 2022
Net Debt Last Fiscal Year: $1.08M as of Jun 30, 2022
Shares outstanding: 20,759,481 as of Jun 30, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization