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Side-by-side financial comparison of MILESTONE SCIENTIFIC INC. (MLSS) and Versus Systems Inc. (VS). Click either name above to swap in a different company.

Versus Systems Inc. is the larger business by last-quarter revenue ($2.2M vs $2.1M, roughly 1.0× MILESTONE SCIENTIFIC INC.). Versus Systems Inc. runs the higher net margin — -44.7% vs -53.0%, a 8.3% gap on every dollar of revenue.

Boston Scientific Corporation (BSC) is an American biotechnology and biomedical engineering firm and multinational manufacturer of medical devices used in interventional medical specialties, including interventional radiology, interventional cardiology, peripheral interventions, neuromodulation, neurovascular intervention, electrophysiology, cardiac surgery, vascular surgery, endoscopy, oncology, urology and gynecology.

Versus Systems Inc. operates a proprietary interactive reward platform that integrates with video games, streaming content, live sports broadcasts and mobile apps. It enables content creators and brands to offer personalized real-time prizes to audiences across North America and global digital entertainment markets.

MLSS vs VS — Head-to-Head

Bigger by revenue
VS
VS
1.0× larger
VS
$2.2M
$2.1M
MLSS
Higher net margin
VS
VS
8.3% more per $
VS
-44.7%
-53.0%
MLSS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MLSS
MLSS
VS
VS
Revenue
$2.1M
$2.2M
Net Profit
$-1.1M
$-964.9K
Gross Margin
73.0%
0.2%
Operating Margin
-52.5%
-54.2%
Net Margin
-53.0%
-44.7%
Revenue YoY
2.2%
Net Profit YoY
46.4%
-19.2%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MLSS
MLSS
VS
VS
Q4 25
$2.1M
$2.2M
Q3 25
$2.4M
$0
Q2 25
$2.3M
$-176.0K
Q1 25
$2.2M
Q4 24
$2.0M
$0
Q3 24
$2.5M
Q2 24
$1.9M
Q1 24
$2.2M
Net Profit
MLSS
MLSS
VS
VS
Q4 25
$-1.1M
$-964.9K
Q3 25
$-1.2M
$-537.8K
Q2 25
$-1.5M
$672.3K
Q1 25
$-2.0M
Q4 24
$-2.0M
$-809.5K
Q3 24
$-1.5M
Q2 24
$223.6K
Q1 24
$-1.4M
Gross Margin
MLSS
MLSS
VS
VS
Q4 25
73.0%
0.2%
Q3 25
69.5%
Q2 25
69.6%
Q1 25
73.8%
Q4 24
75.0%
Q3 24
73.0%
Q2 24
76.1%
Q1 24
74.5%
Operating Margin
MLSS
MLSS
VS
VS
Q4 25
-52.5%
-54.2%
Q3 25
-48.1%
Q2 25
-63.9%
Q1 25
-89.5%
Q4 24
-101.4%
Q3 24
-58.4%
Q2 24
-96.0%
Q1 24
-65.1%
Net Margin
MLSS
MLSS
VS
VS
Q4 25
-53.0%
-44.7%
Q3 25
-48.9%
Q2 25
-63.8%
-382.0%
Q1 25
-89.3%
Q4 24
-101.1%
Q3 24
-58.1%
Q2 24
12.1%
Q1 24
-64.1%
EPS (diluted)
MLSS
MLSS
VS
VS
Q4 25
Q3 25
$-0.01
Q2 25
$0.14
Q1 25
Q4 24
$-0.27
Q3 24
$-0.02
Q2 24
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MLSS
MLSS
VS
VS
Cash + ST InvestmentsLiquidity on hand
$1.1M
$527.4K
Total DebtLower is stronger
Stockholders' EquityBook value
$2.8M
$10.2M
Total Assets
$7.8M
$2.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLSS
MLSS
VS
VS
Q4 25
$1.1M
$527.4K
Q3 25
$1.3M
Q2 25
$1.3M
Q1 25
$2.2M
Q4 24
$3.3M
$3.1M
Q3 24
$4.8M
Q2 24
$5.8M
Q1 24
$5.0M
Stockholders' Equity
MLSS
MLSS
VS
VS
Q4 25
$2.8M
$10.2M
Q3 25
$2.5M
$11.1M
Q2 25
$3.3M
$11.7M
Q1 25
$4.5M
Q4 24
$5.8M
$11.4M
Q3 24
$7.2M
Q2 24
$8.0M
Q1 24
$7.5M
Total Assets
MLSS
MLSS
VS
VS
Q4 25
$7.8M
$2.1M
Q3 25
$8.5M
$3.1M
Q2 25
$8.1M
$3.8M
Q1 25
$9.1M
Q4 24
$9.8M
$3.5M
Q3 24
$11.2M
Q2 24
$12.0M
Q1 24
$11.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MLSS
MLSS
VS
VS
Operating Cash FlowLast quarter
$-226.1K
$-568.6K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLSS
MLSS
VS
VS
Q4 25
$-226.1K
$-568.6K
Q3 25
$81.8K
$24.7K
Q2 25
$-1.8M
$-867.5K
Q1 25
$-1.0M
Q4 24
$-1.5M
$-716.6K
Q3 24
$-973.9K
Q2 24
$783.7K
Q1 24
$-1.2M
Cash Conversion
MLSS
MLSS
VS
VS
Q4 25
Q3 25
Q2 25
-1.29×
Q1 25
Q4 24
Q3 24
Q2 24
3.50×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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