Versus Systems Reports 652% Revenue Surge in Q1 2025 Amid Strategic Refocus
Versus Systems Inc. (NASDAQ: VS), a leader in audience engagement and gamification technologies, announced its financial results for the first quarter of 2025, posting a 652% year-over-year revenue increase, signaling a strong start to the year.
The company reported $199,000 in revenue for the quarter ended March 31, 2025, up from just $26,400 in Q1 2024. The impressive jump in top-line growth is largely attributed to a new strategic consulting agreement with ASPIS Cyber Technologies and a renewed focus on high-margin enterprise partnerships.
“We’re encouraged by the revenue growth and operational momentum,” said [Insert CEO Name], CEO of Versus Systems. “These results reflect our ability to deliver real value to clients through our engagement technologies and consulting services.”
Other key highlights from the report include:
The company also reported lower operating expenses and continues to pursue strategic alternatives, including potential financing, to accelerate growth and optimize its product portfolio.
With over $2.4 million in cash reserves at quarter-end, Versus Systems aims to sustain momentum into Q2 and beyond.
About Versus Systems
Versus Systems (NASDAQ: VS) is a technology company that makes interactive audience engagement tools for live events, mobile apps, and digital media platforms. Its gamification solutions have been used by professional sports teams, global brands, and entertainment venues to drive fan interaction and brand loyalty.
The company reported $199,000 in revenue for the quarter ended March 31, 2025, up from just $26,400 in Q1 2024. The impressive jump in top-line growth is largely attributed to a new strategic consulting agreement with ASPIS Cyber Technologies and a renewed focus on high-margin enterprise partnerships.
“We’re encouraged by the revenue growth and operational momentum,” said [Insert CEO Name], CEO of Versus Systems. “These results reflect our ability to deliver real value to clients through our engagement technologies and consulting services.”
Other key highlights from the report include:
- Gross profit rose to $191,000, up dramatically from $2,000 a year ago.
- Net loss narrowed to $1.16 million, compared to $1.50 million in Q1 2024.
- Loss per share improved to $(0.20), down from $(0.51) last year.
The company also reported lower operating expenses and continues to pursue strategic alternatives, including potential financing, to accelerate growth and optimize its product portfolio.
With over $2.4 million in cash reserves at quarter-end, Versus Systems aims to sustain momentum into Q2 and beyond.
About Versus Systems
Versus Systems (NASDAQ: VS) is a technology company that makes interactive audience engagement tools for live events, mobile apps, and digital media platforms. Its gamification solutions have been used by professional sports teams, global brands, and entertainment venues to drive fan interaction and brand loyalty.
