Versus Systems Inc. (NASDAQ: VS) has an alarming price trajectory that is fast plummeting its way toward ruin. This fall comes as alarming to the management of the company, especially considering the strengths inherent to the company. VS will need to navigate through some of the toughest market conditions to ensure its survival.

A Bird’s Eye View of Versus Systems Inc

The Canadian IT company, Versus Systems Inc. (VS) operates a B2B software platform, which allows event producers, sports franchises, and similar parties to carry out interactive in-content challenges, along with in-game prizing. In concept, the company taps into a promising area through an innovative offering. The reality, however, is a dangerous price plummet that has seen VS fall 95% in the last 12 months, with a looming threat of delisting from NASDAQ. The nano-cap stock, with a market capitalization of barely $4 million also faces challenges to raise finances to be able to support its vision, and sustain business expansion.

The Fundamental and Business Strength of VS

Fundamentally, VS stock holds immense promise and financial growth, which does not coincide with its price trajectory. For instance, in July the company entered into its first-ever television contract, offering a fun mode of interaction between viewers and content creators. Versus also expanded its growth runway in August by strategizing expansion into the realm of corporate events and meetings.

The company saw 26.7% top-line growth in its most recent quarterly release, YoY. The company’s annual sales figure for 2021 stood at $769,000, whereas guidance for 2022 and 2023 have been placed at $1.82 million and $3.98 million respectively.

Conclusion

VS is a stock facing a crisis with a devastating price crash, which appears to face exacerbation by the panic-stricken sentiment in the bearish market. This comes despite strong promise through its innovative concept and fundamentally promising financial and business performance.