Visium Technologies Reports $423,221 Net Loss for Nine Months Ending March 31, 2025

Visium Technologies, Inc. reported its financial results for the nine months ending March 31, 2025, revealing a net loss of $423,221, a significant reduction from the $2,275,069 loss recorded during the same period in the previous fiscal year. The company did not generate any revenue during this period, maintaining a consistent trend from the prior year. Operating expenses decreased to $908,043 from $2,058,168, primarily due to substantial reductions in stock-based compensation and consulting expenses. Selling, general, and administrative expenses were notably lower, totaling $907,968 compared to $1,990,912 in the previous year, reflecting a decrease of approximately 54%.

In terms of financial position, Visium's total assets increased to $22,211 as of March 31, 2025, up from $8,456 at the end of June 2024. The company’s liabilities also rose slightly, with total current liabilities amounting to $5,307,408, compared to $5,157,425 in the prior period. The stockholders' deficit widened to $5,285,197 from $5,148,969, driven by the ongoing net losses. The number of shares outstanding increased significantly to 282,094,861 as of May 15, 2025, up from 213,953,591 at the end of June 2024, reflecting the issuance of shares for debt conversions and compensation.

Strategically, Visium has made notable advancements, including securing a $20 million contract with Cybastion Institute of Technology for the design and construction of data centers in Côte d’Ivoire and Benin. This contract, however, has not yet commenced as of the reporting date. The company continues to focus on its TruContext™ platform, which integrates cybersecurity visualization and big data analytics, enhancing its capabilities for real-time threat detection and analysis. The platform aims to address the growing complexities of cybersecurity challenges faced by organizations today.

Operationally, Visium's employee count remained low, with only five full-time employees reported as of March 31, 2025. The company has not yet generated revenue from its licensing agreement with MITRE Corporation, which includes a royalty payment structure based on future revenues. The management has indicated that the company’s ability to continue as a going concern is contingent upon securing additional financing to meet its operational needs and obligations, as it has been primarily reliant on debt and equity financing to sustain operations.

Looking ahead, Visium anticipates the need for approximately $180,000 annually to cover the costs associated with being a publicly traded company. The management plans to continue raising funds through equity and debt financing to support its operations and potential acquisitions. However, the company acknowledges the uncertainty surrounding its ability to generate positive operating results and secure necessary funding in the future, which could significantly impact its business continuity.