VSBLTY Announces 2024 and Q3 2025 Financial Results

Core Insights - The company reported a revenue of $1.4 million for fiscal 2024, marking a 66% increase compared to fiscal 2023 [1] - The operating loss for 2024 was $5.4 million, reduced from $8.9 million in the previous year, due to increased revenue and significant cost reductions [2] - The company achieved its first gross profit of $61,239 in 2024, with improved gross margins driven by cost rationalization and a higher-margin software revenue mix [3] Fiscal 2025 Performance - For the nine months ended September 30, 2025, the company reported revenue of $1,857,932, a 92% increase year-over-year compared to $967,651 in the same period of 2024 [4] - Revenue for the first nine months of 2025 has already surpassed the full-year revenue of 2024, indicating strong commercial traction [4] - The net loss for the nine-month period was $4,956,684, slightly higher than the $4,714,868 loss in the prior-year period, reflecting ongoing investments in revenue expansion and product development [4] Cost Structure and Operational Efficiency - The current cost structure is significantly lower than in previous years, allowing for more efficient translation of incremental revenue growth into operating leverage [5] - The company has implemented a disciplined expense reduction program, streamlining operations and renegotiating vendor relationships [3] Management Commentary - The CEO highlighted the completion of the 2024 audit and the establishment of a stronger operational discipline, which has lowered the operating break-even threshold and positioned the company for scalable growth [5] - The generation of the first gross profit and strong revenue acceleration in 2025 validate the company's strategic focus [6] Industry Outlook - There is a growing global demand for AI-enabled security infrastructure and data-driven retail media, as governments and enterprises seek real-time operational intelligence [7] - The company's integrated edge-to-cloud AI architecture places it at the intersection of physical security and digital intelligence, with expectations for a stronger revenue profile in 2026 as major deployments advance [8]