Reported Earnings • May 06
Second quarter 2026 earnings released: EPS: CA$0 (vs CA$0 in 2Q 2025) Second quarter 2026 results: EPS: CA$0 (in line with 2Q 2025). Revenue: CA$262.1k (up 27% from 2Q 2025). Net loss: CA$36.7k (loss narrowed 63% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 03
First quarter 2026 earnings released: EPS: CA$0 (vs CA$0 in 1Q 2025) First quarter 2026 results: EPS: CA$0 (in line with 1Q 2025). Revenue: CA$142.6k (down 2.9% from 1Q 2025). Net loss: CA$83.7k (loss narrowed 24% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Jan 23
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$314k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (48% average weekly change). Negative equity (-CA$314k). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m (CA$433k revenue, or US$314k). Market cap is less than US$10m (CA$5.17m market cap, or US$3.75m). Reported Earnings • Jan 23
Full year 2025 earnings released: CA$0.004 loss per share (vs CA$0.005 loss in FY 2024) Full year 2025 results: CA$0.004 loss per share. Revenue: CA$433.1k (down 12% from FY 2024). Net loss: CA$1.08m (loss widened 16% from FY 2024). Annonce • Dec 24
Visionstate Corp. announced that it has received CAD 0.3 million in funding On December 23, 2025, Visionstate Corp. closed the transaction. Annonce • Nov 22
Visionstate Corp Launches Tidylogic Ai-Driven Facility Management Platform Visionstate Corp. highlighted the progress of its artificial intelligence initiatives in partnership with the Alberta Machine Intelligence Institute (AMII), which have contributed to the development of its advanced optimisation platform, TidyLogic. Visionstate worked with AMII through a program supported by PrairiesCan, which invested $3 million into advancing AI commercialisation capacity across Alberta. That support enabled AMII to provide specialised expertise, scientific guidance, and applied-AI resources that directly contributed to the commercial readiness of TidyLogic. TidyLogic brings predictive intelligence and automated planning to facility operations. Instead of relying on static schedules, the system analyzes real-world data to recommend the most efficient allocation of labour. This allows facility operators to accurately match resources with actual usage, reducing over-servicing, eliminating inefficiencies, and improving overall service quality. TidyLogic also enhances compliance efforts, including those related to new regulations such as Ontario's Bill 190, by enabling operators to document workflows more accurately and justify staffing levels with data. TidyLogic improves accuracy in generating labour estimates for RFPs. TidyLogic is initially focused on facility management, and the underlying AI engine is highly adaptable. Visionstate is exploring opportunities to extend its capabilities into adjacent sectors such as logistics and warehousing, healthcare support services, property management, manufacturing workflows, and hospitality operations. TidyLogic will be offered through a flexible, recurring-revenue structure that includes SaaS subscriptions, enterprise licences, modular analytics features, and professional AI services. Annonce • Nov 06
Visionstate Corp. announced that it expects to receive CAD 0.3 million in funding Visionstate Corp. announced that it has entered into a convertible debenture agreement with one of its longstanding and supportive shareholders to issue convertible debentures for gross proceeds of CAD 300,000 on November 5, 2025. The debenture is convertible at CAD 0.05 per share, representing a significant premium to the current market price. Reported Earnings • Aug 31
Third quarter 2025 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 3Q 2024) Third quarter 2025 results: CA$0.001 loss per share (in line with 3Q 2024). Revenue: CA$69.4k (down 21% from 3Q 2024). Net loss: CA$309.1k (loss widened 59% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annonce • Jul 21
Visionstate Corp., Annual General Meeting, Sep 12, 2025 Visionstate Corp., Annual General Meeting, Sep 12, 2025. Location: alberta, edmonton Canada Annonce • Jun 06
Visionstate Corp. Launches MIRA to Digitize Facility Inspections and Expand SaaS Platform Visionstate Corp. announced the official launch of MIRA, its newest software-as-a-service (SaaS) platform designed to streamline and digitize inspections across public-facing facilities. The platform became available to customers in June 2025 following months of development and testing in real-world conditions. MIRA represents the latest evolution in Visionstate's commitment to delivering smart, scalable, and data-driven tools for the facility management industry. Built as a natural extension of the company's Wanda platform, MIRA allows facility teams to conduct audits, safety checks, and operational inspections with greater accuracy, accountability, and efficiency. Designed for mobile use, MIRA incorporates real-time reporting, customizable checklists, QR code scanning, and secure cloud-based data storage. Whether tracking regulatory compliance in healthcare environments or conducting daily walkthroughs in retail and education facilities, MIRA empowers staff to standardize their processes and provides management with transparent, audit-ready records. The launch of MIRA also represents an important business milestone for Visionstate. As a new product in the company's SaaS portfolio, MIRA introduces a fresh recurring revenue stream that complements WandaLITE without increasing implementation complexity. Because most facility managers already conduct inspections using paper-based methods, MIRA offers a lower-friction transition to digital without the need for operational disruption. It also adds a valuable new layer of data that can be analyzed alongside cleaning and resource metrics to drive improved efficiency, accountability, and planning. MIRA is offered on a recurring monthly SaaS model, either as a standalone platform or bundled with WandaLITE for clients requiring both cleaning log compliance and broader inspection capabilities. Pricing is designed to reflect ease of scaling by location or team size, aligning with Visionstate's strategy to grow its high-margin, subscription-based revenue streams. Visionstate has already seen strong early interest in MIRA from several existing customers. Initial pilots are underway in sectors such as education, healthcare, and municipal government, where facility inspections are routine and documentation is essential. The ability to digitize and centralize these processes presents a compelling value proposition - particularly in industries where compliance requirements are rising. The release of MIRA comes during a period of accelerated technical development at Visionstate. Over the past several quarters, the company has significantly invested in expanding its platform capabilities, including the launch of WandaLITE to support Ontario's Bill 190 legislation and ongoing development of AI-powered features that enable predictive task scheduling. Together, these technologies represent a fully integrated approach to smart facility management. MIRA is now available to Visionstate customers across Canada, with on-boarding support and customization available for enterprise clients. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Angel Valov was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 31
Second quarter 2025 earnings released: EPS: CA$0 (vs CA$0 in 2Q 2024) Second quarter 2025 results: EPS: CA$0 (in line with 2Q 2024). Revenue: CA$206.4k (up 8.4% from 2Q 2024). Net loss: CA$98.8k (loss widened 61% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • May 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$559k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$559k free cash flow). Share price has been highly volatile over the past 3 months (39% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m (CA$461k revenue, or US$336k). Market cap is less than US$10m (CA$6.46m market cap, or US$4.71m). New Risk • May 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (41% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m (CA$444k revenue, or US$319k). Market cap is less than US$10m (CA$5.17m market cap, or US$3.71m). Annonce • Mar 19
Visionstate Corp. announced that it has received CAD 0.455 million in funding On March 18, 2025, Visionstate Corp. closed the oversubscribed private placement transaction. The company announced that it has issued 18,200,000 units at an issue price of CAD 0.025 per share for the gross proceeds of CAD 455,000. Each unit consists of one common share and one common share purchase warrant which is exercisable at CAD 0.05 per Warrant to receive one Share for a term of 5 years after closing, subject to an acceleration clause. The transaction is subject to get final acceptance from the TSX Venture Exchange. by TSX Venture Exchange. Pursuant to applicable Canadian securities laws, the Common Shares and Warrants comprising the Units are subject to a four-month plus one day hold period from the time of closing. Annonce • Mar 04
Visionstate Corp. announced that it expects to receive CAD 0.45 million in funding Visionstate Corp. announced a non-brokered private placement that it will issue up to 18,000,000 units at an issue price of CAD 0.025 per unit for the gross proceeds of up to CAD 450,000 on March 3, 2025. Each unit consists of one common share and one-half of common share purchase warrant. Each Warrant is exercisable for one Common Share at a price of CAD per share for a term of 36 months upon closing, subject to an acceleration clause. The price per share is based on the previous closing price of the Company's common shares. The Company intends to issue up to 18 million shares for this financing round. The financing is subject to regulatory approval and customary closing conditions. If the closing price of the Common Shares is equal to or exceeds CAD 0.07 per Common Share for greater than 20 consecutive trading days, then the warrant term shall automatically accelerate to a date that is 30 calendar days following the date a press release is issued by the Company announcing the reduced warrant terms, without further notification made by the Company. The securities issued under the Placement are subject to a four-month plus one day hold period from the date of closing. Reported Earnings • Feb 28
First quarter 2025 earnings released: EPS: CA$0 (vs CA$0 in 1Q 2024) First quarter 2025 results: EPS: CA$0 (in line with 1Q 2024). Revenue: CA$146.9k (down 25% from 1Q 2024). Net loss: CA$109.7k (loss widened 38% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 29
Full year 2024 earnings released: CA$0.005 loss per share (vs CA$0.013 loss in FY 2023) Full year 2024 results: CA$0.005 loss per share (improved from CA$0.013 loss in FY 2023). Revenue: CA$492.4k (up 70% from FY 2023). Net loss: CA$933.2k (loss narrowed 46% from FY 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 40% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Negative equity (-CA$85k). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Revenue is less than US$1m (CA$522k revenue, or US$364k). Market cap is less than US$10m (CA$8.40m market cap, or US$5.87m). Annonce • Nov 21
Visionstate Showcases Wanda At ISSA Show North America in Las Vegas This Week Visionstate Corp. announced its presence at the ISSA Show North America, taking place this week from November 19 to 21 at the Mandalay Bay Convention Center in Las Vegas. Attendees can visit Visionstate at Booth 559 to explore its innovative Wanda platform and learn more about its cutting-edge solutions for the cleaning and facility management industry. The ISSA Show North America is the premier event for the global cleaning and facility services industry, renowned for fostering education, innovation, and collaboration. At the event, Visionstate is demonstrating the full capabilities of Wanda, its platform that tracks cleaning and maintenance tasks to improve safety and operational efficiency in public spaces. The company is also offering live demonstrations of Wanda's integration with IoT hardware, including people counters, environmental sensors, and supply monitoring devices. Visionstate is further highlighting exciting new features for Wanda, set to launch in First Quarter 2025, including: Equipment Monitoring and Tracking: Real-time insights into equipment performance and maintenance. Enhanced Auditing and Inspections: Tools for improved compliance and operational reporting. The company has already scheduled sales meetings during the show and welcomes all attendees to its booth to explore potential partnerships. Visionstate is particularly focused on expanding its distribution network in the US market to bring Wanda's capabilities to a broader audience. Annonce • Sep 27
Visionstate Corp. announced that it has received CAD 0.6 million in funding On September 26, 2024, Visionstate Corp. closed the transaction. The company announced that it has issued 24,000,000 units at an issue price of CAD 0.025 per share for the gross proceeds of CAD 600,000. Each unit consists of one common share and one common share purchase warrant which is exercisable at CAD 0.05 per Warrant to receive one Share for a term of 5 years after closing, subject to an acceleration clause. The transaction has been approved by TSX Venture Exchange. Pursuant to applicable Canadian securities laws, the Common Shares and Warrants comprising the Units are subject to a four-month plus one day hold period from the time of closing. Reported Earnings • Sep 01
Third quarter 2024 earnings released: CA$0.001 loss per share (vs CA$0.002 loss in 3Q 2023) Third quarter 2024 results: CA$0.001 loss per share (improved from CA$0.002 loss in 3Q 2023). Revenue: CA$87.9k (up 47% from 3Q 2023). Net loss: CA$194.2k (loss narrowed 34% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Annonce • Aug 29
Visionstate Corp. announced that it expects to receive CAD 0.6 million in funding Visionstate Corp. announced a non-brokered private placement that it will issue up to 24,000,000 units at an issue price of CAD 0.025 per share for the gross proceeds of up to CAD 600,000 on August 29, 2024. Each unit consists of one common share and one common share purchase warrant which is exercisable at CAD 0.05 per Warrant to receive one Share for a term of 5 years after closing, subject to an acceleration clause. The transaction is subject to TSXV and regulatory approval, and customary closing conditions. Reported Earnings • May 30
Second quarter 2024 earnings released: EPS: CA$0 (vs CA$0.001 loss in 2Q 2023) Second quarter 2024 results: EPS: CA$0 (improved from CA$0.001 loss in 2Q 2023). Revenue: CA$190.3k (up 104% from 2Q 2023). Net loss: CA$61.3k (loss narrowed 56% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Annonce • Mar 04
Visionstate Corp. announced that it expects to receive CAD 0.7 million in funding Visionstate Corp. announced a non-brokered private placement to issue 35,000,000 units at an issue price of CAD 700,000 on March 4, 2024. Each unit consists of one common share and one common share purchase warrant exercisable at CAD 0.05 per share for a term of 24 months upon closing, subject to an acceleration clause on the same terms as the prior placement. The financing is subject to regulatory approval and customary closing conditions. Reported Earnings • Mar 03
First quarter 2024 earnings released: EPS: CA$0 (vs CA$0.001 loss in 1Q 2023) First quarter 2024 results: EPS: CA$0 (improved from CA$0.001 loss in 1Q 2023). Revenue: CA$195.4k (up 124% from 1Q 2023). Net loss: CA$79.6k (loss narrowed 28% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. New Risk • Feb 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (27% average weekly change). Negative equity (-CA$255k). Earnings have declined by 9.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m (CA$289k revenue, or US$214k). Market cap is less than US$10m (CA$4.78m market cap, or US$3.54m). Annonce • Feb 23
Visionstate Corp. announced that it has received CAD 0.4 million in funding On February 22, 2024, Visionstate Corp. closed the transaction. The financing also included investments from beneficial shareholders including Company directors and officers, Belinda Davidson, John Putters and Randa Kachkar, and Monte Goble, a company insider. The units issued from the placement are subject to a 4 month hold from the date of issuance. New Risk • Jan 28
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$255k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Negative equity (-CA$255k). Earnings have declined by 9.0% per year over the past 5 years. Revenue is less than US$1m (CA$289k revenue, or US$215k). Market cap is less than US$10m (CA$2.64m market cap, or US$1.96m). Minor Risk Shareholders have been diluted in the past year (46% increase in shares outstanding). Annonce • Nov 25
Visionstate Corp. announced that it expects to receive CAD 0.4 million in funding Visionstate Corp. announced a private placement of up to 20,000,000 units at a price of CAD 0.02 per unit for the gross proceeds of up to CAD 400,000 on November 24, 2023. Each unit consists of one common share and one full warrant exercisable at CAD 0.05 for two years, subject to regulatory approval. Annonce • Oct 14
Visionstate Corp., Annual General Meeting, Dec 05, 2023 Visionstate Corp., Annual General Meeting, Dec 05, 2023. Reported Earnings • Sep 01
Third quarter 2023 earnings released: CA$0.002 loss per share (vs CA$0.002 loss in 3Q 2022) Third quarter 2023 results: CA$0.002 loss per share (in line with 3Q 2022). Revenue: CA$59.7k (down 32% from 3Q 2022). Net loss: CA$292.9k (loss widened 19% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Annonce • Jun 09
Visionstate Corp. announced that it expects to receive CAD 0.5 million in funding Visionstate Corp. announced a private placement of 25,000,000 units at a price of CAD 0.02 per unit for the gross proceeds of CAD 0.5 million on June 8, 2023. Each unit consists of one common share and one full warrant exercisable at an exercise price of CAD 0.05 for two years. The securities issued in the private placement will be subject to a hold period of four months and one day from the date of issuance. Reported Earnings • Jun 03
Second quarter 2023 earnings released: CA$0.001 loss per share (vs CA$0.002 loss in 2Q 2022) Second quarter 2023 results: CA$0.001 loss per share (improved from CA$0.002 loss in 2Q 2022). Revenue: CA$93.3k (up 6.4% from 2Q 2022). Net loss: CA$138.7k (loss narrowed 18% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Annonce • May 19
Visionstate Corp. announced that it has received CAD 0.4595 million in funding On May 17, 2023, Visionstate Corp. closed the transaction. The company amended the terms of the transaction and issued 22,975,000 units at a price of CAD 0.02 per unit for the gross proceeds of CAD 459,500. Each Unit is comprised of one common share and common share purchase warrant at CAD 0.05 for a period of 24 months from the date of closing. The TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered private placement. The transaction included participation from 11 placees, existing insider involvement of four insiders for 13,125,000. Reported Earnings • Mar 03
First quarter 2023 earnings released: CA$0.001 loss per share (vs CA$0 in 1Q 2022) First quarter 2023 results: CA$0.001 loss per share (further deteriorated from CA$0 in 1Q 2022). Revenue: CA$87.2k (down 56% from 1Q 2022). Net loss: CA$110.5k (loss widened 403% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 29
Full year 2022 earnings released: CA$0.006 loss per share (vs CA$0.013 loss in FY 2021) Full year 2022 results: CA$0.006 loss per share (improved from CA$0.013 loss in FY 2021). Revenue: CA$410.5k (down 24% from FY 2021). Net loss: CA$621.1k (loss narrowed 40% from FY 2021). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annonce • Nov 29
Visionstate Corp., Annual General Meeting, Jan 27, 2023 Visionstate Corp., Annual General Meeting, Jan 27, 2023. Annonce • Sep 13
Visionstate Corp. announced that it expects to receive CAD 0.35 million in funding Visionstate Corp. announced a private placement of up to 17,500,000 units at a price of CAD 0.02 per unit for gross proceeds of up to CAD 350,000 on September 12, 2022. Each unit is comprised of one common share and one common share purchase warrant whereby each warrant entitles the holder to purchase one additional common share at a price of CAD 0.05 per common share for a period of two years following the date of closing. The transaction is subject to regulatory approval. Reported Earnings • Aug 30
Third quarter 2022 earnings released: CA$0.002 loss per share (vs CA$0 in 3Q 2021) Third quarter 2022 results: CA$0.002 loss per share (down from CA$0 in 3Q 2021). Revenue: CA$87.6k (down 56% from 3Q 2021). Net loss: CA$246.0k (down CA$263.1k from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Annonce • Jun 25
Visionstate Corp. announced that it expects to receive CAD 0.5 million in funding Visionstate Corp. announced a non-brokered private placement of up to approximately 12,500,000 common shares at a price of CAD 0.04 per share for gross proceeds of CAD 500,000 on June 24, 2022. The transaction will include one full warrant at CAD 0.05 for every common share purchased, with an expiry date 24 months after the closing of the private placement. The transaction is subject to regulatory approval. Annonce • Jun 09
Visionstate’s WANDA™ to be Highlighted at ISSA Convention Visionstate Corp. announced that Bunzl Canada (bunzlcanada.ca) will be showcasing its exclusive IoT Cleaning Platform, WandaNEXT™, on June 8 and 9, 2022 at ISSA Canada, the country’s premier showcase for cleaning and hygiene products, services, and technology. This unique trade show and conference creates a forum for insights on best practices, industry certifications, training and educational programming, and relevant and emerging topics within the Canadian facility and cleaning markets. WandaNEXT™ enables healthcare, education, assisted living, and commercial facilities to track and verify cleaning activities, validate quality through regularly scheduled audits, and alert cleaning teams to service requirements (such as discharge cleaning routines). It also facilitates schedule optimization, activity management, consumption tracking, end-user feedback, and administrative reporting. Visionstate IoT, original developer of the platform, continues to work in partnership with Bunzl Canada to develop new system features and functionality. The partners are about to launch a new pilot project that integrates surface diagnostics using ATP testing technology. WandaNEXT™ can be purchased through an annual subscription fee for each activation of the mobile application which has unlimited scalability and is applicable to diverse industry sectors. It has a growing installation base that includes healthcare, education, retail, commercial office, conference, airport, and distribution facilities across Canada, the United States, the United Kingdom and Europe. Reported Earnings • Jun 02
Second quarter 2022 earnings released: CA$0.002 loss per share (vs CA$0 in 2Q 2021) Second quarter 2022 results: CA$0.002 loss per share (down from CA$0 in 2Q 2021). Revenue: CA$87.7k (down 60% from 2Q 2021). Net loss: CA$168.1k (down CA$199.8k from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Annonce • May 12
Visionstate Corp. Appoints Angel Valov to the Board of Directors Visionstate Corp. announced the appointment of Mr. Angel Valov to the Board of Directors. Angel is an accredited, high-net-worth investor and proprietary trading specialist with intricate knowledge of the North American retail equity market. Reported Earnings • Mar 04
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: CA$0 (down from CA$0.001 in 1Q 2021). Revenue: CA$197.2k (up 64% from 1Q 2021). Net loss: CA$22.0k (down 154% from profit in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Annonce • Feb 04
Visionstate Corp. Appoints Shannon Moore as Director of Sales for its IoT Division Visionstate Corp. announced it has hired a new Director of Sales to address the growing demand for Visionstate's IoT (Internet of Things) technology that is designed to track and monitor cleaning and maintenance activities in the on-going fight to contain the spread of viruses such as COVID-19. The Visionstate team appointed Shannon Moore in her role as Director of Sales for the company's IoT division, a wholly-owned subsidiary of Visionstate Corp. Shannon will be responsible for executing the sales strategy and working with Visionstate's global partners to facilitate sales for the Company'sproprietary WANDA technology which is focussed on cleaning and maintenance compliance. Shannon has more than 20 years of experience in sales, business development and client engagement strategies. Reported Earnings • Jan 31
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CA$0.013 loss per share (up from CA$0.016 loss in FY 2020). Revenue: CA$540.6k (up 315% from FY 2020). Net loss: CA$1.04m (loss widened 44% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Annonce • Jan 28
Visionstate Corp. Taps Conversational AI Technology to Launch New ViCCi 2.0 Customer Service Product Visionstate Corp. announced the soft launch of its new ViCCi 2.0 customer service kiosk powered by conversational chatbot artificial intelligence (AI). The Company is targeting spring of 2022 for the official launch of the new product at a large Canadian-based shopping centre. Artificial intelligence is already a multibillion-dollar industry and is now growing substantially in the area of conversational AI. Visionstate is incorporating this technology into its ViCCi 2.0 platform to provide on-site customer service using artificial intelligence. The ViCCi 2.0 platform will have the capability to support a wide range of consumers through its ability to be modified to support various languages. The ViCCi 2.0 product originated from a new partnership Visionstate formed in November 2021 with Fluido.ai, a company that specializes in conversational AI using chatbots. ViCCi 2.0 is an evolution of Visionstate’s legacy interactive directories that first hit the market in 2005. At the time Visionstate incorporated rudimentary AI to guide the customer journey and it now leverages new technology to set the standard once again for on-site customer service. Annonce • Jan 13
Visionstate Confirms Bunzl’s Release on wandaNEXT™ Hygiene Efficacy Against COVID-19 Visionstate Corp. is proud to share the audit results that Bunzl Canada has distributed regarding the latest feature enhancements to its wandaNEXT™ cleaning management system, originally developed by Visionstate IoT. As the fight against COVID-19 proves to be ongoing, equipping facilities with the right tools to ensure adequate hygiene standards is of paramount importance to Visionstate and remains a core aspect within its business model. Now, more than ever, quality controls must be enforced to the highest of standards to ensure for public safety and the ability for society to progress forward. The following information has been reproduced and edited from the originating Bunzl news release issued on Jan. 11, 2022, which can be found here. wandaNEXT™, developed by Visionstate IoT and now in partnership with Bunzl Canada, is a cleaning program management software with multiple IoT sensor-enabled data collection components such as traffic counting units and soap and paper dispensers. Its mobile application guides cleaning teams through customized cleaning procedures. The system’s audit function and real-time reporting gives Facility Managers a clear line of sight so they can make scheduling adjustments, assign tasks, address training requirements, trigger supply orders and proactively address service requirements. wandaNEXT™ now provides the ability to monitor cleaning compliance and document quality through regularly scheduled audits along with its traffic monitoring, cleaning schedule optimization, activity management, consumption tracking, end-user feedback and reporting capabilities. These new features enable scheduled task completion and quality checks that include image upload and a quality rating system to accurately record and document facility condition in real time. Audits are completed against specific cleaning and disinfecting protocols that correlate to risk assessments for each facility area. wandaNEXT™ has a growing installation base that includes healthcare, education, retail, commercial office, conference, airport and distribution facilities across Canada, the United States and Europe. Reported Earnings • Sep 04
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$200.9k (up CA$182.8k from 3Q 2020). Net income: CA$17.0k (up CA$80.1k from 3Q 2020). Profit margin: 8.5% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Annonce • Jun 25
Visionstate Introduces Technology Upgrades to Its WANDATM IoT Solution Visionstate Corp. announce significant new enhancements to its WANDATM Internet of Things solution. The new technological capabilities include: a QR Code feature that can be scanned by customers for feedback and can be used by cleaning staff for proof of location and to record activities on WandaMOBILE; an auto-supply replenishment system to provide for just-in-time inventory capabilities, enabling WANDATM e-commerce function; an overhaul to the analytics reporting that will provide more insights into cleaning efficiency and predictive measures. Through the introduction of the new QR Code feature, WANDATM’s footprint will be effectively expanded to best reflect the new normal that has resulted from the COVID-19 pandemic. Given the nature of the pandemic resulting in customers’ reluctance to interact with WANDATM touchscreen units to input their feedback, Visionstate has implemented a QR Code system to provide for increased interaction through the comfort of smartphone devices. Additional new features also allow staff to scan the QR code and create an audit trail of their presence as well as use WandaMOBILE to record their activities and supply usage, among other critical information used to measure performance and efficiency. Another value-add in the implementation of this new feature is to make the WANDATM solution less restroom-centric, with virtually no limitations on where QR codes can be incorporated. The QR code-driven WANDA™ is quick to deploy, with no physical hardware required, and can be disbursed throughout large public facilities in a matter of days. Executive Departure • Jun 15
Executive VP of Global Strategy & Business Development and Independent Director Debra Williams has left the company On the 11th of June, Debra Williams' tenure as Executive VP of Global Strategy & Business Development and Independent Director ended. As of March 2021, Debra still personally held only 460.00k shares (CA$23k worth at the time). A total of 4 executives have left over the last 12 months. Executive Departure • Jun 15
Independent Chairman Paul Fairbridge has left the company On the 11th of June, Paul Fairbridge's tenure as Independent Chairman ended. As of March 2021, Paul still personally held only 310.00k shares (CA$16k worth at the time). A total of 4 executives have left over the last 12 months. Annonce • Apr 14
Visionstate Corp. announced that it has received CAD 0.46025 million in funding On April 13, 2021, Visionstate Corp. (TSXV:VIS) closed the transaction. The company issued 7,080,770 units for gross proceeds of CAD 460,250 in the transaction. Annonce • Mar 25
Visionstate Corp. announced that it has received CAD 0.607 million in funding On March 24, 2021, Visionstate Corp. (TSXV:VIS) closed the transaction. The company issued 11,036,364 units for gross proceeds of CAD 607,000.02. The transaction involved participation from 20 placees, including Chief Financial Officer Randa Kachkar for 45,455 shares and president and Chief Executive Officer John Putters for 59,092 shares. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. Annonce • Mar 20
Visionstate Corp. announced that it expects to receive CAD 0.455 million in funding Visionstate Corp. (TSXV:VIS) announced a non-brokered private placement of up to approximately 7,000,000 units at a price of CAD 0.065 per unit for gross proceeds of CAD 455,000 on March 18, 2021. Each unit is comprised of one common share and one common share purchase warrant at CAD 0.085 for a period of 36 months from the date of closing. The transaction is subject to regulatory approval, including the acceptance of the TSX Venture Exchange. The securities issued will be subject to the standard four-month hold period. Reported Earnings • Mar 04
First quarter 2021 earnings released: EPS CA$0.001 (vs CA$0.002 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$128.0k (up 26% from 1Q 2020). Net income: CA$40.9k (up CA$103.5k from 1Q 2020). Profit margin: 32% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Annonce • Feb 28
Visionstate Corp. announced that it has received CAD 1.505 million in funding On February 26, 2021, Visionstate Corp. (TSXV:VIS) closed the transaction. The company issued 30,100,000 units for gross proceeds of CAD 1,505,000. The round was oversubscribed. The transaction included participation from certain insiders of the company for 2,445,000 units. The company has paid a finder's fee, in the total amount of CAD 8,880 cash and 297,000 in broker warrants priced at CAD 0.007 per warrant. Annonce • Feb 02
Visionstate Corp. announced that it expects to receive CAD 0.75 million in funding Visionstate Corp. (TSXV:VIS) announced a private placement of up to 15,000,000 common shares at a price of CAD 0.050 per common share for gross proceeds of up to 750,000 on February 1, 2021. The company will also issue one warrant with every share at a price of CAD 0.07 which expires 36 months after closing of the transaction. The transaction will include participation from all security holders of the company who held common shares on the record date of December 31, 2020. If the company receives gross proceeds exceeding CAD 750,000, company will accept such subscriptions on a first come, first served basis. Reported Earnings • Jan 31
Full year 2020 earnings released: CA$0.016 loss per share (vs CA$0.028 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CA$130.1k (up 14% from FY 2019). Net loss: CA$722.7k (loss narrowed 24% from FY 2019). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Annonce • Nov 26
Visionstate Corp. Announces Its Application for Rfid Technology to Be Leveraged to Enhance the Growing Suite of Products Under the Wanda Smart Technology Platform Visionstate Corp. announced that it has sold an application for RFID technology (Radio Frequency Identification), which will be leveraged to enhance the growing suite of products under the Wanda smart technology platform, to a company in the oil and gas sector. The RFID solution provides a company that rents equipment in the oil and gas sector with an ability to track and streamline inventory and product movement. Each product is tagged with an RFID tag and can be tracked using RFID readers as it enters and exits defined areas such as warehouses or supply rooms. Visionstate’s oil and gas client was challenged by the number of products travelling in and out of the main warehouse, especially since the product is rented to customers in remote locations. The RFID application addresses this problem by tagging products and tracking them through the sales cycle. This has improved inventory management and provides more accurate data for billing purposes based on the length of time the product was rented. Wanda already tracks cleaning activities and foot traffic. With the RFID technology in place, the return on investment for customers will be even greater. Annonce • Nov 06
Visionstate Corp. Develops New Wanda Occupancy Measurement Feature to Address Covid-19 Social Distancing Protocols Visionstate Corp. announced the addition of its new occupancy level feature, to the growing suite of products within the Company’s Wanda IoT solution. The new occupancy feature addresses concerns surrounding social distancing during the global COVID-19 pandemic by enabling facilities to provide customers with an accurate measurement of the number of people collected in a defined area, including restrooms. The feature ties the Wanda tablet, an IoT device that measures cleaning activities and performance, with highly accurate people counting sensors. The Wanda tablet displays a message on its screen advising whether the area is at full capacity based on pre-established social distancing protocols. Occupancy tracking is the most recent feature available within the growing Wanda solution. The technology already tracks foot traffic into restrooms, which provides facility managers with a much clearer understanding of cleaning requirements, especially when paired with other Wanda data such as public alerts, cleaning activities, resource use and frequency of cleaning, to name a few. The Wanda suite of products includes Wanda tablets that are mounted outside restrooms or in public areas to collect cleaning data and measure customer satisfaction; WandaMOBILE, which tracks cleaning activities, resources and compliance with cleaning protocols throughout a facility; and Wanda QuickTouch, a battery-powered IoT button designed for public alerts and cleaning time stamps.