If you want some negatives...
The low stock price prevents them from growing via an acquisition. For now it all has to be organic growth.
They are a little ahead of their time with their focus on the private equity markets. The JOBS Act is getting more attention, but it isn't utilized as much as it should be. People don't realize yet the power of a private equity trading platform. VSTR has a minority ownership in a private equity trading platform.
VSTR takes equity positions in several startups as a result of their consulting work, but the positions in these companies are not on the balance sheet, and cannot be marked to market every quarter, as you can do with a publicly traded stock. But, they own 12% (?) of Kingscrowd, and Kingscrowd has been trading on Netcapital's private equity trading platform.
In the 3rd quarter 10-Q they noted that they adopted ASC 606, and I have to wonder if this helps them record Kingscrowd as an asset. I read the notes to the financial statements, but for some of these accounting pronouncements, I need to read them 3 or 4 times, and then read other 10-Qs to see what other companies are doing. Many companies had to restate prior year numbers because of this ASC, and their revenue footnote is detailed in explaining why they had to do what. There was no restatement at VSTR, but they have adopted the new accounting standard.
Anyway, the negative is that they have assets and the marketplace does not know the value of the assets. Consequently, the company is overlooked and lagging behind its true value.
