OTCPK:VSSS.F

Stock Analysis Report

Executive Summary

Visionstate Corp., through its subsidiary, Visionstate Inc., operates as a software development company in North America.

Risk Analysis

Earnings have declined by -26.2% per year over past 5 years

Has less than 1 year of cash runway

Makes less than USD$1m in revenue (CA$114K)

Does not have a meaningful market cap ($722K)

+ 2 more risks


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Visionstate's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VSSS.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

VSSS.F

1.7%

US Software

1.5%

US Market


1 Year Return

n/a

VSSS.F

42.3%

US Software

20.1%

US Market

Return vs Industry: Insufficient data to determine how VSSS.F performed against the US Software industry.

Return vs Market: Insufficient data to determine how VSSS.F performed against the US Market.


Shareholder returns

VSSS.FIndustryMarket
7 Day0%1.7%1.5%
30 Day0%7.7%1.4%
90 Dayn/a18.4%8.7%
1 Yearn/a43.9%42.3%22.7%20.1%
3 Yearn/a152.8%142.4%50.1%40.5%
5 Yearn/a224.7%201.5%73.1%54.1%

Price Volatility Vs. Market

How volatile is Visionstate's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Visionstate undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Visionstate is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Visionstate has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of VSSS.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Visionstate regulatory filings here.
  • Explore potentially undervalued companies in the Software industry.

Future Growth

How is Visionstate forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.4%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Visionstate has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of VSSS.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Visionstate's filings and announcements here.
  • Explore growth companies in the Software industry.

Past Performance

How has Visionstate performed over the past 5 years?

-26.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VSSS.F is currently unprofitable.

Growing Profit Margin: VSSS.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VSSS.F is unprofitable, and losses have increased over the past 5 years at a rate of -26.2% per year.

Accelerating Growth: Unable to compare VSSS.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VSSS.F is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (17.1%).


Return on Equity

High ROE: VSSS.F's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Visionstate's financial position?


Financial Position Analysis

Short Term Liabilities: VSSS.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: VSSS.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: VSSS.F has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: VSSS.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: VSSS.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: VSSS.F has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: VSSS.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: VSSS.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of -15.1% each year


Next Steps

Dividend

What is Visionstate's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate VSSS.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate VSSS.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if VSSS.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VSSS.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VSSS.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average board tenure


CEO

John Putters 0

CA$24,000

Compensation

Mr. John A. Putters, P. Eng., founded Visionstate Corp. (Alternate Name: CSM Systems Corp.) and also serves as its Chief Executive Officer and President. Mr. Putters focuses on the strategic direction of t ...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD521.92K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
John Putters
CEO, President & Director0yrsCA$24.00k2.31% CA$12.6k
James Duke
VP of Corporate Development & Director4.3yrsno data4.32% CA$23.5k
Debra Williams
Executive VP of Global Strategy & Business Development and Director1.8yrsno datano data
Ronald Jackman
Independent Director15.7yrsno datano data
Wallace McNeil
Independent Director15yrsno datano data
Gervin Antypowich
Independent Director7.7yrsno datano data
Paul Fairbridge
Independent Director3.2yrsno data0.55% CA$3.0k
Kevin Gilbank
Director1.7yrsno datano data
James Adams
Director0.9yrsno data0.35% CA$1.9k

4.3yrs

Average Tenure

Experienced Board: VSSS.F's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.1%.


Top Shareholders

Company Information

Visionstate Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Visionstate Corp.
  • Ticker: VSSS.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Application Software
  • Sector: Software
  • Market Cap: CA$721.565k
  • Listing Market Cap: CA$544.491k
  • Shares outstanding: 36.08m
  • Website: https://www.visionstate.com

Location

  • Visionstate Corp.
  • 8634 - 53 Avenue
  • Edmonton
  • Alberta
  • T6E 5G2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VISTSXV (TSX Venture Exchange)YesNew Common StockCACADDec 2016
1VS1DB (Deutsche Boerse AG)YesNew Common StockDEEURDec 2016
VSSS.FOTCPK (Pink Sheets LLC)YesNew Common StockUSUSDDec 2016

Biography

Visionstate Corp., through its subsidiary, Visionstate Inc., operates as a software development company in North America. It specializes in applications for the Internet of Things (IoT) and analytics. Its principal product is Washroom Notification and Digital Aid (WANDA), a touch-screen solution that collects information on cleaning activities, monitors supply inventories, optimizes workforces, enhances employee accountability, and provides detailed analytics. The company installs its products in locations, including hospitals, airports, shopping centers, office buildings, and other public facilities. Visionstate Corp. is headquartered in Edmonton, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 01:29
End of Day Share Price2020/01/09 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.