What caused VS's EPS to decline in 2023?

The decline in Versus Systems' (VS) EPS in 2023 can be attributed to several key factors:

1. **Operational Losses**: Versus Systems reported a quarterly loss of $1.69 per share in Q4 2022, which represents a significant decline from the previous year's loss of $0.90 per share. This quarterly report reflects an earnings surprise of -12.67%, indicating that the company's performance has not met market expectations.
2. **Revenue Shortfall**: The company's revenues for the quarter ended December 2022 were reported at $0.22 million, which is significantly lower than the year-ago revenues of $0.39 million. This shortfall in revenue contributed to the overall decline in EPS.
3. **Cumulative Effects of Previous Years**: The EPS decline in 2023 can also be influenced by the cumulative effects of previous years' losses. Versus Systems reported a full-year net loss of $21.8 million for 2022, with a loss per share of $13.11. Such cumulative losses can lead to a erosion of shareholder value and, consequently, a decline in EPS.

In summary, the decline in Versus Systems' EPS in 2023 is primarily due to operational losses, revenue shortfall, and the cumulative effects of previous years' losses.