Versus Systems Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018
Revenue	0.27	1.11	0.77	1.39	0.5	0
Revenue Growth (YoY)	-75.54%	44.26%	-44.70%	177.36%	30835.31%	-
Cost of Revenue	0.1	0.62	0	0	0	0
Gross Profit	0.17	0.49	0.77	1.39	0.5	0
Selling, General & Admin	5.94	11.84	6.64	3.31	3.37	3.13
Research & Development	1.11	2.41	0	0	0	0
Other Operating Expenses	3.97	8.92	8.37	4.08	3.92	5.9
Operating Expenses	11.02	23.16	15.01	7.39	7.29	9.02
Operating Income	-10.85	-22.67	-14.24	-6	-6.78	-9.02
Interest Expense / Income	0	0	0.38	0.51	0.44	0.2
Other Expense / Income	-0.34	-0.2	3.23	0.4	0.03	-4.6
Pretax Income	-10.51	-22.47	-17.85	-6.91	-7.26	-4.63
Net Income	-10.51	-22.47	-17.85	-6.91	-7.26	-4.63
Shares Outstanding (Basic)	1	0	0	0	0	0
Shares Outstanding (Diluted)	1	0	0	0	0	0
Shares Change	779.53%	74.26%	46.97%	38.29%	30.27%	-
EPS (Basic)	-10.44	-192.89	-241.76	-141.60	-177.60	-206.40
EPS (Diluted)	-10.44	-192.89	-241.76	-141.60	-177.60	-206.40
Free Cash Flow	-5.52	-9.19	-12.97	-4.24	-4.13	-5.11
Free Cash Flow Per Share	-6.04	-88.59	-217.75	-104.56	-141.01	-227.39
Gross Margin	61.99%	44.35%	100.00%	100.00%	100.00%	89.51%
Operating Margin	-4002.07%	-2044.60%	-1852.78%	-431.43%	-1353.79%	-557008.95%
Profit Margin	-3876.61%	-2026.73%	-2321.98%	-497.19%	-1447.93%	-285893.64%
Free Cash Flow Margin	-2034.16%	-829.13%	-1687.07%	-304.80%	-824.43%	-315727.65%
EBITDA	-8.04	-19.44	-15.12	-4.87	-4.64	-1.43
EBITDA Margin	-2966.40%	-1753.38%	-1967.59%	-350.29%	-925.55%	-88470.86%
Depreciation & Amortization	2.47	3.03	2.35	1.53	2.18	2.99
EBIT	-10.51	-22.47	-17.47	-6.4	-6.81	-4.43
EBIT Margin	-3876.61%	-2026.73%	-2272.72%	-460.45%	-1359.62%	-273327.47%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).