VERSES Announces Filing of Quarterly Report on Form 10-Q

Executive Summary

• VERSES AI Inc. has filed its Quarterly Report on Form 10-Q for the three months ended June 30, 2025, with the U.S. Securities and Exchange Commission (SEC).
• The company reported the first revenue generated by its flagship product, Genius, following its launch two months prior.
• Management highlighted disciplined cost management and prudent cash management as the company scales and commercializes its agentic enterprise intelligence platform.

Key Details

• Filing: Quarterly Report on Form 10-Q for the period ending June 30, 2025.
• Product Launch: Flagship product "Genius" launched two months prior to the reporting period.
• Revenue: First revenue generated by Genius reported in this quarter.
• Operational Focus: The company is currently scaling, commercializing, marketing, and selling Genius.
• Financial Strategy: Emphasis on disciplined cost management and prudent cash management during the scaling phase.
• Availability: The report is available on the SEC’s website and the Company’s investor relations website.

Notable Quotes

• “We are pleased to report our results for the three months ending June 30, 2025 in our Quarterly Report on Form 10-Q. I believe these results demonstrate disciplined cost management, even as Verses begins to scale and commercialize, market and sell its flagship product Genius. The results also highlight the first revenue generated by Genius after only two months following its launch. I believe that these results underscore our prudent approach to managing cash as well as the strong customer interest we’ve anticipated from the outset. We are all energized by this momentum as we head into the remainder of the year,” said James Christodoulou, CFO of VERSES.