VERSES AI Inc.
VERSES AI Inc., a cognitive computing company, engages in building system software in Canada. The company offers Genius, a computing system to generate models for automated solutions. It also offers Genius Core, a software to store graph representation predictions; Genius Agents, an autonomous model for developing overall system balance. In addition, the company provides Genius SDK, a toolkit to … Read more
VERSES AI Inc. (VRSSF) - Net Assets
Latest net assets as of December 2024: $-22.47 Million USD
Based on the latest financial reports, VERSES AI Inc. (VRSSF) has net assets worth $-22.47 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.11 Million) and total liabilities ($27.58 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-22.47 Million |
| % of Total Assets | -440.15% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 712.65 |
VERSES AI Inc. - Net Assets Trend (2012–2023)
This chart illustrates how VERSES AI Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for VERSES AI Inc. (2012–2023)
The table below shows the annual net assets of VERSES AI Inc. from 2012 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-6.19 Million | -835.67% |
| 2022-12-31 | $841.37K | -87.47% |
| 2021-12-31 | $6.72 Million | +333.99% |
| 2019-12-31 | $-2.87 Million | -243.51% |
| 2018-12-31 | $-835.56K | -122.16% |
| 2017-12-31 | $3.77 Million | -40.48% |
| 2016-12-31 | $6.33 Million | +1353.17% |
| 2015-12-31 | $435.89K | +410.77% |
| 2014-12-31 | $-140.26K | +73.30% |
| 2013-12-31 | $-525.28K | -17.38% |
| 2012-12-31 | $-447.49K | -- |
Equity Component Analysis
This analysis shows how different components contribute to VERSES AI Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 8108352700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $74.89 Million | % |
| Total Equity | $-6.19 Million | 100.00% |
VERSES AI Inc. Competitors by Market Cap
The table below lists competitors of VERSES AI Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mammoth Energy Services Inc
NASDAQ:TUSK
|
$92.17 Million |
|
IVF Hartmann Holding AG
SW:VBSN
|
$92.20 Million |
|
FENIX Resources Ltd
AU:FEX
|
$92.21 Million |
|
Aker Biomarine AS
OL:AKBM
|
$92.30 Million |
|
CBO Territoria S.A.
PA:CBOT
|
$92.13 Million |
|
MEDIFAST INC
NYSE:MED
|
$92.13 Million |
|
Kolte - Patil Developers Limited
NSE:KOLTEPATIL
|
$92.12 Million |
|
Daehan Flour Mills Co Ltd
KO:001130
|
$92.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VERSES AI Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 841,373 to -6,189,738, a change of -7,031,111 (-835.7%).
- Net loss of 46,607,285 reduced equity.
- New share issuances of 27,357,726 increased equity.
- Other comprehensive income increased equity by 636,527.
- Other factors increased equity by 11,581,921.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-46.61 Million | -752.98% |
| Share Issuances | $27.36 Million | +441.99% |
| Other Comprehensive Income | $636.53K | +10.28% |
| Other Changes | $11.58 Million | +187.11% |
| Total Change | $- | -835.67% |
Book Value vs Market Value Analysis
This analysis compares VERSES AI Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.00 | $4.33 | x |
| 2016-12-31 | $0.00 | $4.33 | x |
| 2017-12-31 | $1.03 | $4.33 | x |
| 2018-12-31 | $0.88 | $4.33 | x |
| 2019-12-31 | $0.37 | $4.33 | x |
| 2021-12-31 | $0.13 | $4.33 | x |
| 2022-12-31 | $0.01 | $4.33 | x |
| 2023-12-31 | $-0.06 | $4.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VERSES AI Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2369.78%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-285.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $0.00 |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-51.14K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-280.19K |
| 2015 | -224.99% | 0.00% | 0.00x | 2.41x | $-935.19K |
| 2016 | -76.56% | 0.00% | 0.00x | 1.41x | $-4.08 Million |
| 2017 | -85.88% | 0.00% | 0.00x | 1.02x | $-4.72 Million |
| 2018 | -91.57% | -285893.64% | 0.00x | 0.73x | $-5.14 Million |
| 2019 | -217.77% | -1033.07% | 0.16x | 1.28x | $-7.18 Million |
| 2021 | -132.24% | -320.18% | 0.31x | 1.34x | $-9.55 Million |
| 2022 | -2312.70% | -1212.29% | 0.19x | 10.27x | $-19.54 Million |
| 2023 | 0.00% | -2369.78% | 0.35x | 0.00x | $-45.99 Million |
Industry Comparison
This section compares VERSES AI Inc.'s net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $237,144,588
- Average return on equity (ROE) among peers: -85.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VERSES AI Inc. (VRSSF) | $-22.47 Million | 0.00% | N/A | $92.14 Million |
| Automatic Bank Services Limited (ABANF) | $231.37 Million | 16.52% | 0.19x | $269.02 Million |
| ACI Worldwide Inc (ACIW) | $76.50 Million | 16.47% | 0.61x | $4.01 Billion |
| Adyen N.V (ADYYF) | $389.78 Million | 18.29% | 1.92x | $34.24 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $99.35 Million | -153.25% | 0.48x | $418.95 Million |
| Aeva Technologies, Inc. Warrants (AEVAW) | $456.38 Million | -22.32% | 0.05x | $3.74 Million |
| Affluence Corporation (AFFU) | $-639.00K | 0.00% | 0.00x | $3.98K |
| Axe Compute Inc. (AGPU) | $923.68K | -706.52% | 2.04x | $2.86 Million |
| C3 Ai Inc (AI) | $838.30 Million | -34.44% | 0.22x | $1.15 Billion |
| iLearningEngines, Inc. (AILE) | $264.32 Million | 1.83% | 0.09x | $17.39 Million |
| PowerFleet, Inc. (AIOT) | $15.17 Million | 5.61% | 0.31x | $383.57 Million |