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VSME

VS Media Holdings Limited Class A Ordinary Shares

VSME

VS Media Holdings Limited Class A Ordinary Shares • NASDAQ
$0.16 ▲ 0.43% (+0.00)
Market Cap $7.97 M
52w High $3.21
52w Low $0.13
Dividend Yield 0%
P/E -0.11
Volume 953.78K
Outstanding Shares 49.28M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $542.445K ▲ $610.861K ▲ $-507.815K ▼ -93.616% ▼ $-0.064 ▲ $-470.009K ▼
Q2-2024 $514.635K ▲ $487.407K ▲ $-426.962K ▼ -82.964% ▼ $-0.12 ▼ $-408.372K ▼
Q2-2023 $449.915K ▼ $373.451K ▲ $-295.851K ▼ -65.757% ▼ $-0.013 ▼ $-274.781K ▼
Q4-2022 $600.146K ▲ $246.716K ▲ $-247.176K ▼ -41.186% ▼ $-0.012 ▼ $-230.582K ▼
Q2-2022 $552.783K $119.636K $15.033K 2.72% $0.001 $29.924K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $775.246K ▲ $7.183M ▲ $5.903M ▼ $1.28M ▲
Q2-2024 $552.938K ▼ $7.148M ▼ $6.136M ▲ $1.013M ▼
Q4-2023 $1.5M ▲ $10.083M ▲ $5.89M ▼ $4.193M ▲
Q2-2023 $597.016K ▼ $7.72M ▲ $8.215M ▲ $-495.188K ▼
Q4-2022 $820.57K $7.592M $5.973M $1.619M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-507.815K ▼ $-58.626K ▲ $3.768K ▲ $77.273K ▲ $28.978K ▲ $-59.03K ▲
Q2-2024 $-426.962K ▼ $-132.378K ▼ $-12.997K ▼ $47.48K ▲ $-5.361K ▲ $-132.6K ▼
Q2-2023 $-295.851K ▼ $-49.567K ▼ $-358.095 ▼ $-8.664K ▲ $-28.951K ▼ $-49.925K ▼
Q4-2022 $-246.737K ▼ $48.673K ▲ $-336.474 ▼ $-14.771K ▲ $33.566K ▲ $48.673K ▲
Q2-2022 $16.101K $-309.924K $277.805K $-32.819K $-64.938K $-309.924K

Five-Year Company Overview

Income Statement

Income Statement The company is still very small in revenue terms and has not yet established consistent profitability. Over the last few years, sales have been modest while operating losses have become more visible, especially recently. This suggests that management is spending ahead of revenue to build out the platform, team, and acquisitions. Earnings per share have also been volatile, reflecting both the tiny scale of the business and the costs of its transition toward a more technology- and commerce-focused model.

Balance Sheet

Balance Sheet The balance sheet appears very lean, with a small asset base, limited reported cash, and no meaningful debt. On the positive side, the absence of debt reduces financial leverage risk. On the other hand, the very small equity and cash position underline that this is an early-stage, thinly capitalized company that may need ongoing access to external funding as it executes its strategy. There is not yet a large buffer to absorb prolonged losses or major setbacks.

Cash Flow

Cash Flow Cash flows mirror the income statement: operating cash generation has been close to break-even but negative in at least one recent year, and free cash flow has not yet shown a clear positive trend. Capital spending is light, consistent with an asset-light, service- and platform-based model. The key question is whether the company can convert its new initiatives into steady, positive cash flow before its limited financial resources become a constraint.

Competitive Edge

Competitive Edge VS Media is trying to carve out a differentiated position in the creator economy by combining influencer marketing, e-commerce, and data-driven tools. Its network of many digital creators, strategic acquisitions in marketing and sourcing, and the CRUUSH “shoppertainment” platform give it a broader offering than a traditional advertising agency. Relationships with government bodies and premium hospitality brands add credibility. However, the company operates in a fiercely competitive and fast-moving space, facing large global platforms, established agencies, and new social-commerce players, all while starting from a very small base. Its competitive strength will depend on execution, creator retention, and the ability to show clients clear, measurable results.

Innovation and R&D

Innovation and R&D Innovation is a core part of the story. The company is shifting from a basic marketing intermediary to a tech-enabled, end-to-end social commerce platform. Key initiatives include AI-driven influencer matching, real-time campaign analytics, live “shoppertainment” commerce via CRUUSH, and building proprietary brands supported by improved sourcing and logistics. Acquisitions like MLink and a stake in ST Meng extend its capabilities across marketing, supply chain, and product development. Future value will hinge on integrating these pieces, scaling the platform, successfully launching in-house brands, and possibly expanding geographically—all of which carry meaningful execution risk but also create upside potential if managed well.

Summary

Overall, VS Media looks like an early-stage, transformation-focused company in the creator and social commerce space. The financials show a very small scale business that has yet to reach sustainable profitability or strong cash generation, backed by a slim balance sheet but little debt. The strategic side is more ambitious: management is building a tech-driven ecosystem that links creators, brands, products, and e-commerce into one offering. If this model scales, it could move the company beyond the low-margin, project-based world of traditional advertising. At the same time, the company operates in a highly competitive, evolving market and has limited financial cushion, which heightens both the potential reward and the uncertainty around its long-term trajectory.