VISM
Visium Technologies, Inc.0.0052
-0.0006-11.1%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
2.17MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
Visium posted zero revenue for Q2 FY2026 ended December 31, 2025, with operating loss widening to $421,789 (up 50% y/y from $280,558) and net loss to $505,860 (up 33% y/y from $381,780), driven by stock-based compensation in SG&A. Six-month operating loss hit $791,412 (up 22% y/y), while net loss of $950,562 trailed prior-year $55,164 due to no debt extinguishment gain. Cash dwindled to $23,877 from $60,144 at June 30, with operating cash burn at $292,693; stockholders' deficit grew to $6.4M. Debt totals $1.4M (net), much in default. Shares outstanding ballooned to 454M. Dilution weighs heavy.
10-Q
Q1 FY2026 results
Visium posted zero revenues and a $369,623 operating loss for Q1 FY2026 ended September 30, 2025, nearly flat y/y at down 0.2% from $370,466 while cash drained to $2,986 from $60,144 q/q. Net loss hit $444,703 after $77,675 interest, worse than last year's $326,616 profit fueled by a one-off $725,059 debt extinguishment. Stock comp jumped to $104,000 from $52,500 y/y, offset by lower salaries. Debt swelled to $1.3M with $615,000 promissory notes in default; financing added $142,105 but ops burned $163,712. Cash is king here. Competition from McAfee and Palo Alto presses hard.
10-K
FY2025 results
Visium Technologies posted a FY2025 net loss of $1.34M, improved from $2.88M last year, driven by a $725K gain on extinguishing aged debt while SG&A fell 34% to $1.65M on lower stock compensation. No revenue emerged; cash burn eased to $411K from operations. Q4 saw stock price spike to $0.010 high yet closed amid $5.8M working capital deficit and $1.6M in notes. Debt past due mounts $1.12M. Officers funded $95K. Auditors flag going concern doubts. Material weakness cripples controls. Going concern in doubt.
8-K
Convertible note issued
Visium Technologies issued a $120,000 convertible note to Labrys Fund II on August 13, 2025, for $100,000 cash after a $20,000 OID, plus 750,000 commitment shares. It carries 15% interest, matures in 12 months, and converts only on default at 65% of the prior 10-day low bid—yet dilution looms large. Monthly amortization starts September 14.
8-K
Auditor switch disclosed
Visium Technologies dismissed Stephano Slack as its independent auditor on June 26, 2025, and engaged FRUCI & Associates II as replacement for the fiscal year ending June 30, 2026. No disagreements or reportable events occurred with Stephano Slack from May 6 onward. Clean switch. Stephano Slack confirmed the disclosures in its SEC letter.
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