OCULUS INC. Annual Report - How They Did This Year

Thinking about OCULUS INC. or just curious how they're doing? You've come to the right place. We'll explain their latest annual report simply. Imagine a friend explaining the financial terms.

We'll cover what they do, their financial performance, key successes or challenges, and future plans.

Let's dive in!

What OCULUS INC. does

OCULUS INC. (ticker OVTZ) is a Canadian tech company. They are still developing their main products. They help businesses with cybersecurity, data privacy, and data protection. Their goal is smart software. It helps people and companies keep data private and secure. This is vital with growing global data protection rules.

Here's a look at their main products and services:

• Forget-Me-Yes® (FMY): This online service (SaaS) helps companies follow data privacy laws. Examples include Europe's GDPR and California's CCPA. These laws give people the "Right-to-be-Forgotten." This means they can ask companies to delete their personal data. FMY automates these deletion requests. It ensures compliance and verifies data is permanently gone. It has strong security features. It runs fully in the cloud, offering flexibility and easy access.
• ComplyTrust® Software-as-a-Service Suite (CTSS): This software suite helps companies manage cloud data. It also helps them meet many compliance rules. It automates and shows compliance reports. This makes it easier for businesses to follow complex data rules. The company acquired OCL Technologies Corp. in October 2020. They paid $1.5 million in cash and stock. This became ComplyTrust® Inc. in June 2021.
• Cloud Document Protection System (Cloud-DPS): This technology uses "digital watermarking." It protects many digital documents. These include text files, images, and engineering blueprints. It puts an invisible mark inside digital content. This mark verifies authenticity, tracks origin, and detects tampering. This watermarking used to protect streaming video. Now, OCULUS INC. focuses it on securing sensitive digital documents.

The company started in 1986 with another name. It has changed its identity several times. Most recently, it became "Oculus Inc." in January 2025. Its headquarters are in Vancouver, British Columbia, Canada. Shares trade on the TSX Venture Exchange (ticker OVT) and OTCQB (ticker OVTZ).

OCULUS INC. sees a big market opportunity. Data is moving to the cloud faster. Cyberattacks are more frequent and complex. Strict data privacy laws (like GDPR, CCPA, and Brazil's LGPD) are growing worldwide. They want to offer integrated solutions. These solutions work smoothly across different cloud systems. This helps businesses handle these complex challenges.

How they're thinking about the future

OCULUS INC. knows technology changes fast. Artificial Intelligence (AI) is growing across all industries. This dynamic environment demands constant innovation. They must adapt products to stay competitive. New threats and rules constantly emerge in cybersecurity and data privacy. The company must respond quickly and effectively.

The company is now reviewing all its products. This includes SaaS offerings and the older Cloud Document Protection System. This review will guide future investment and development decisions:

• They will decide whether to improve existing product features.
• They will see if they need to rebuild systems. This would better integrate with newer cloud technologies.
• They will look for ways to combine their solutions. This would create more complete packages with other tools.
• They might license their technology to other companies. This could expand their market or create new income.
• The review might also lead to stopping some products. This could happen if customer demand is low. Or if maintenance costs outweigh potential profits.

OCULUS INC. also works to understand customer needs better. They evaluate how their solutions fit into existing company IT systems. They also ensure ongoing compliance with changing global privacy laws. This is a very challenging business environment. There is no guarantee their plans will succeed. They may not implement changes efficiently or cheaply. Investors should know these shifts need significant spending. This could affect short-term financial results.

A quick look at their numbers (what we know so far)

This annual report covers the fiscal year that ended on December 31, 2025.

• Shares Outstanding: As of March 20, 2026, OCULUS INC. had about 91.4 million shares of common stock.

• Company Size: The SEC calls OCULUS INC. a "Non-accelerated filer" and "Smaller reporting company." This means its public shares are worth under $700 million. Also, its yearly sales are under $100 million. For you, this means fewer strict reporting rules than larger companies. Its stock might also be more volatile. This is due to its smaller size and lower trading activity.

• Market Value: As of June 30, 2023, public investors held about $4.0 million in common stock. Each share cost $0.06. This shows OCULUS INC. is a micro-cap company. It reflects its early development and growth stage.

• Reporting Compliance: The company confirmed it filed all reports on time. It also maintains good internal controls for financial reporting. This builds investor confidence in its financial accuracy.

• Currency Exchange: OCULUS INC. mainly operates and spends in Canadian dollars (CAD). However, its financial reports use U.S. dollars (USD). This means currency exchange rates can affect its reported financial results. Here's how the Canadian dollar compared to the U.S. dollar:

  • At the end of 2025 (December 31, 2025): $1.00 CAD was worth $0.7296 USD.
  • Average for 2025: $1.00 CAD was worth $0.7157 USD.
  • Average for 2024: $1.00 CAD was worth $0.7302 USD.
  • The Canadian dollar weakened by about 1.99% against the U.S. dollar in 2025 vs. 2024. This could hurt reported USD revenues and assets for this Canadian company.

• Financial Performance (Fiscal Year Ended December 31, 2025):

  • Sales: In 2025, OCULUS INC. had $150,000 in total sales. Most came from SaaS subscriptions and some services. This was a 25% increase from $120,000 in 2024. It shows early efforts to sell their products.
  • Loss: The company lost about $2.5 million in 2025. This was up from a $2.0 million loss in 2024. This shows continued heavy spending. They invest in research, product improvements, and sales. This is typical for a growing company.
  • Cash: As of December 31, 2025, the company had $750,000 in cash. This is down from $1.5 million at the end of 2024. It shows they are spending cash in line with their losses.
  • Total Assets: The company had about $3.2 million in assets as of December 31, 2025.
  • Total Debts: Total debts were about $1.8 million as of December 31, 2025.
  • Working Capital Shortfall: The company had a $500,000 working capital shortfall. This suggests possible short-term cash flow issues.

These numbers show OCULUS INC. is not yet profitable. They focus on developing products and entering the market. This is common for smaller tech companies in fast-changing industries.

What about risks?

OCULUS INC.'s Board of Directors oversees major risks. These risks could affect the company's business. The Audit Committee manages company-wide risks, including cybersecurity threats. The CEO and CFO update the Audit Committee regularly. They discuss cybersecurity threats or incidents. These discussions then go to the full Board. The Board provides oversight. However, the CEO manages daily cybersecurity threats. They often get help from outside experts. This strong structure shows a clear commitment to managing these risks.

As highlighted in their strategic plan, OCULUS INC. also faces several other significant risks:

• Fast Tech Changes: Technology, especially cybersecurity and AI, changes very fast. OCULUS INC.'s products could quickly become outdated. They need constant, heavy investment in R&D to stay competitive. Failing to adapt could mean losing market share and sales.
• Changing Cyber Threats: Cyber threats constantly change. New attacks and methods appear regularly. OCULUS INC. must always update its security. This protects against new threats. It needs significant R&D spending and skilled staff. Falling behind could weaken their products. It could also harm their reputation.
• Market Acceptance and Competition: There's no guarantee their products will be widely accepted. They might struggle to compete with bigger, older providers. The market is very competitive. OCULUS INC. must make its products stand out. They need customer adoption to become profitable.
• Regulatory Compliance: Global data privacy rules (like GDPR, CCPA, LGPD) are complex. They also change constantly. OCULUS INC.'s products must follow these evolving laws. Failure could mean big fines, legal issues, and a damaged reputation.
• Funding and Cash Flow: OCULUS INC. is a "Smaller reporting company." It is not profitable and invests heavily in growth. It may need more money for operations, R&D, and expansion. There's no guarantee this funding will be available. It might not be on good terms, or at all. This could affect its business plan. It could also impact its ability to continue operating. The working capital shortfall further shows this risk.
• Key People: OCULUS INC.'s success depends on its key staff. This includes management, technical, and sales personnel. Losing any key person could greatly disrupt operations and plans.
• Protecting Ideas: Protecting their technology is vital. This includes digital watermarking and SaaS platforms. The company risks others copying or stealing their ideas. Challenges to their patents or trademarks could also happen. This would hurt their competitive edge.