Visium Technologies (Visium Technologies) Beneish M-Score : 0.00 (As of Jun. 22, 2024)

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What is Visium Technologies Beneish M-Score?

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

The historical rank and industry rank for Visium Technologies's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Visium Technologies was 0.00. The lowest was 0.00. And the median was 0.00.

Visium Technologies Beneish M-Score Historical Data

The historical data trend for Visium Technologies's Beneish M-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Visium Technologies Beneish M-Score Chart

Visium Technologies Annual Data

Trend

Jun14

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Jun20

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Jun23

Beneish M-Score

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Visium Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Beneish M-Score	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Visium Technologies's Beneish M-Score

For the Software - Infrastructure subindustry, Visium Technologies's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Visium Technologies's Beneish M-Score Distribution in the Software Industry

For the Software industry and Technology sector, Visium Technologies's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Visium Technologies's Beneish M-Score falls into.

Visium Technologies Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Visium Technologies for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Mar24) TTM:

Last Year (Mar23) TTM:

Total Receivables was $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $0.03 Mil.
Total Assets was $0.03 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $2.73 Mil.
Total Current Liabilities was $4.94 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.478 + -1.208 + -0.589 + -0.819 = $-3.09 Mil.
Non Operating Income was 0.016 + 0.026 + -0.006 + 0.105 = $0.14 Mil.
Cash Flow from Operations was -0.1 + -0.121 + -0.146 + -0.071 = $-0.44 Mil.

Total Receivables was $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $0.06 Mil.
Total Assets was $0.06 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $2.02 Mil.
Total Current Liabilities was $4.32 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI	=	(Receivables_t / Revenue_t)	/	(Receivables_t-1 / Revenue_t-1)
	=	(0 / 0)	/	(0 / 0)
	=		/
	=

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI	=	GrossMargin_t-1	/	GrossMargin_t
	=	(GrossProfit_t-1 / Revenue_t-1)	/	(GrossProfit_t / Revenue_t)
	=	(0 / 0)	/	(0 / 0)
	=		/
	=

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI	=	(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t)	/	(1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
	=	(1 - (0.028 + 0) / 0.028)	/	(1 - (0.064 + 0) / 0.064)
	=	0	/	0
	=

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI	=	Sales_t	/	Sales_t-1
	=	Revenue_t	/	Revenue_t-1
	=	0	/	0
	=

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI	=	(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))	/	(Depreciation_t / (Depreciaton_t + PPE_t))
	=	(0 / (0 + 0))	/	(0 / (0 + 0))
	=		/
	=

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI	=	(SGA_t / Sales_t)	/	(SGA_t-1 /Sales_t-1)
	=	(2.728 / 0)	/	(2.017 / 0)
	=		/
	=

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI	=	((LTD_t + CurrentLiabilities_t) / TotalAssets_t)	/	((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
	=	((0 + 4.937) / 0.028)	/	((0 + 4.316) / 0.064)
	=	176.321429	/	67.4375
	=

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA	=	(IncomefromContinuingOperations_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(NetIncome_t - NonOperatingIncome_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(-3.094 - 0.141	-	-0.438)	/	0.028
	=	-99.892857

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Visium Technologies Beneish M-Score Related Terms

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Visium Technologies (Visium Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Visium Technologies Inc (OTCPK:VISM) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

4094 Majestic Lane, Suite 360, Fairfax, VA, USA, 22033

Website

https://www.visiumtechnologies.com

Visium Technologies Inc is a Virginia based company focused on providing innovative cybersecurity solutions to businesses which protect and secure the operating landscape of the enterprise and their data assets. The Company operates in one business segment which technologies are focused on cybersecurity. The company's focus is on test and measurement, test and evaluation, and cybersecurity solutions to protect connected devices (Internet of Things, or "IoT" and Industrial Internet of Things "IIoT"). This includes securing industrial systems from penetration. The company do this through a proprietary IoT test platform which it calls the Cyber Physical Test Bench, and by visualizing and prioritizing remediation of technology risks.

Executives

Adote Solomon Nii Akwei	director	623 RAVENGLASS DRIVE, BASEMENT, TOWNSEND DE 19734
Wayne Harrison Monk	director	1220 CLUB COVE DR, GREENSBORO GA 30642
Thomas Michael Grbelja	director, 10 percent owner	151 BIRCH ROAD, FRANKLIN LAKES NJ 07417
Mark Burdon Lucky	officer: CFO	22900 SHAW ROAD, SUITE 111, STERLING VA 20166
Henry Jameson Holcombe	officer: CEO	3513 BROADRUN DR, FAIRFAX VA 22033
Paul Anthony Favata	director	110 18TH AVENUE SOUTH, SAINT PETERSBURG FL 33705
Sterling Kevin Yates	officer: CEO	1201 MAIN ST., SUITE 1980, COLUMBIA SC 29201
Frank Phillip Reilly	director	1415 SUNSET HARBOUR DRIVE, APT 406, MIAMI BEACH FL 33139
David S Brooks	director	7 THACKERAY PLACE, DURHAM NC 27707
Richard Hersh	director, officer: Chief Executive Officer	903 CLINT MOORE ROAD, BOCA RATON FL 33487
Brett L Kublin	director	7311 NORTHEAST 1ST PLACE, MIAMI FL 33138
Michael J Darden	director, officer: President	903 CLINT MOORE ROAD, BOCA RATON FL 33487