VSBLTY Groupe Technologies Corp.

For the year ended December 31, 2024, revenue increased to approximately $1.51 million from $869,000 in 2023. Gross profit was $61,000 in 2024 versus a gross loss in 2023, and operating loss improved to approximately $5.45 million from about $8.95 million in 2023. For the 9 months ended September 30, 2025, revenue was approximately $1.86 million compared with $968,000 in the prior-year period, gross profit was about $414,000 versus $236,000, and net loss was approximately $4.96 million. Management said it is in advanced stages of closing 2 or 3 contracts and expects those to contribute in the short term if executed, while also saying Winkel revenue recognition could impact the balance sheet in Q3 and Q4 of this year and that the company expects the JV expansion to have meaningful revenue impact in 2026.

Jay Hutton emphasized that the company is restoring regulatory compliance after a difficult period and is changing audit firms because the board wanted more urgency and responsiveness. Strategically, he described data fusion as a natural progression from computer vision, aimed at broader mission-critical uses in smart cities, critical infrastructure, military, and border/security environments. His tone was cautious but confident, repeatedly pointing to improving execution, late-stage deals, and the long-term scaling of Winkel Media.

No separate CFO spoke on the call, so financial commentary came from the CEO. Hutton said profitability requires about $6.5 million annually, or roughly $500,000 to $550,000 in monthly revenue, and described the annual target as between $6 million and $7 million. He also said the company has more than $15 million in warrants between $0.09 and $0.75 a share, may use a small capital raise only if needed for execution capital, and believes revenue could cover some or all burn if the large pending contracts close.

Analysts pressed on when Winkel Media revenue will show up, and management said nothing has been recognized from those contracts so far, but it expects revenue recognition this calendar year and impact on the balance sheet in Q3 and Q4. Questions also focused on trading resumption and capital needs; Hutton said the timing is up to regulators, estimated 2 to 6 weeks, and said any capital raise would likely be modest and tied to execution needs. On data fusion, management confirmed ongoing deals and described the opportunity as multimodal intelligence that could resemble a 'little Palantir' in certain applications.