Versus Systems Inc
versussystems.comWhat Do They Do?
Sells business software that adds games and rewards to websites, live events and streaming content for sports teams, venues, brands and advertising agencies.
10-K for FY2025, filed Apr 15, 2026We offer a suite of proprietary business-to-business software solutions designed to enhance user engagement through gamification and…View ↗
The Company’s potential customers primarily include professional sports teams, event venues such as arenas and stadiums, fan engagement and…View ↗
We offer a suite of products centered on “Winfinite” and FFC platforms. FFC is an Augmented Reality filtering tool that can be used for…View ↗
How Do They Make Money?
Customers pay for software licenses over a contract term or in one-time payments. The company also earns fees for custom software development and professional services, billed when a service is completed or as the work progresses, and advertising revenue when agreed view or click targets are met.
10-K for FY2025, filed Apr 15, 2026The Company earns revenue in two primary ways: 1) the sales of software-as-a-service (SAAS) from its interactive production software…View ↗
The Company recognizes SAAS revenues from its interactive production sales over the life of the contract as its performance obligations are…View ↗
The Company recognizes revenues received from the development and maintenance of custom-built software and other professional services…View ↗
For revenues received from the sales of advertising, the Company is deemed the agent in its revenue agreements. The Company does not own or…View ↗
$2.2M
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10-K for FY2025, filed Apr 15, 2026
$2.2M ↗
Who Are Their Customers?
Sports teams, venues, fan engagement and sponsor activation platforms, digital out-of-home media companies, and advertising agencies use the software for live events and ad campaigns. The company licenses its products to teams, agencies and other content creators.
10-K for FY2025, filed Apr 15, 2026
Do Revenues Turn Into Profits?
No. It lost $1.8M in FY2025.
10-K for FY2025, filed Apr 15, 2026
How Are They Changing?
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Sep 8, 2026
Versus appointed Brian Goldenberg as chief financial officer.
CEO Luis Goldner no longer serves as principal financial officer.
Sources
8-K, filed Sep 10, 2026
On September 8, 2026, Versus Systems, Inc. (the “Company”) appointed Brian Goldenberg to serve as the Company’s Chief Financial Officer…View ↗
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May 5, 2026
Nasdaq warned Versus it did not meet the stockholders’ equity listing requirement.
The deficiency letter had no immediate effect on the Nasdaq listing.
Sources
8-K, filed May 5, 2026
On April 29, 2026, the Nasdaq Stock Market, LLC (“Nasdaq”) issued a deficiency letter to Versus Systems, Inc. (the “Company”). The basis of…View ↗
License customer
The latest report describes a cybersecurity company licensing the technology for use in its industry, alongside software licenses for teams, agencies and other content creators; the older report described software licenses for events, campaigns and seasons.
20-F for FY2022, filed Mar 29, 2023 10-K for FY2025, filed Apr 15, 2026We now have three principal stand-alone scalable software products that can be used across a wide variety of applications. Our eXtreme…View ↗
Who Do They Compete With?
Competes with TapJoy, Honey, Rakuten, Otello, Skillz, FanDuel, DraftKings, Apple, Alphabet/Google, Amazon, Meta, Microsoft, Netflix, Shopify, and Yahoo
10-K for FY2025, filed Apr 15, 2026With respect to our prizing and rewards platform, we compete with a continually increasing number of companies, including industry leaders…View ↗
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