Visionstate Repositions Under MIRA Compliance Platform and Reports Subscription Growth

Executive Summary

• Visionstate Corp. announced a strategic repositioning of its technology offerings under the unified compliance‑focused platform brand MIRA.
• The company provided January 2026 subscription activity metrics: 110 active rebilling location subscriptions and 35 new locations added (versus one new in Jan 2025).
• Management outlined pricing ($960 per location annually) and a path to operating break‑even, estimating ~400 active monthly subscriptions are needed; current base is ~145 locations.

Key Details

• Platform Rebranding: All technology offerings consolidated under the MIRA brand, emphasizing compliance‑focused subscription services.
• Regulatory Context: Cited Ontario Bill 190 (public cleaning transparency) as a driver of broader demand for documented compliance, inspection auditing, and operational verification.
• January 2026 Subscription Activity:
• 110 active rebilling location subscriptions.
• 35 new location subscriptions added in January 2026 (compared to 1 in Jan 2025).
• Pricing Structure:
• Core MIRA platform: $960 per location per year (~$80/month).
• MIRA Inspections add‑on (introduced 2025): approx. $80 per month per location.
• Break‑Even Estimate:
• Approximately 400 active monthly location subscriptions required for Visionstate IoT Inc. to achieve operating break‑even on core subscription pricing alone.
• Current base: ~145 active locations generating $960 each annually.
• Projected net increase of 20–25 core locations per month over the next 12 months would move the company toward break‑even.
• Revenue Outlook: Subscription revenue is cumulative; renewals add to new licensing revenue. Additional ancillary streams (inspection modules, retainers, implementation, audit services) are not included in the break‑even calculation.
• 2026 Focus: Scaling the MIRA compliance platform and improving operating efficiency within the subscription model.

Notable Quotes

“With fixed operating costs largely established, expansion of both core subscriptions and inspection modules contributes to operating scale.” – John Putters, CEO, Visionstate Corp.

Materiality Assessment: Non‑Material – Positive (operational update providing forward‑looking metrics; no immediate financial impact disclosed).