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MARKETS / VQSSF
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. · SMALL CAP

VIQ Solutions Inc. VQSSF

4 fiscal years on record · USD · FY2022 reported · SEC filings only
$45.8M
▲ 47.7% YoY
$-8.7M
$-3.5M
In brief

What this company does

VIQ Solutions combines artificial intelligence (AI)-driven voice and video capture technology and services to securely manage digital content in the most rigid security environments including governments, courts, insurance, law enforcement, media content, news and conferencing. VIQ operates worldwide with a network of partners including security integrators, audio-video specialists, and hardware and data storage suppliers. The Company's revenue is strategically segmented both by geography and industry markets, with approximately 38% of its recent revenue from the United States, 57% from Australia and a growing 5% from Canada, Europe and Africa. VIQ delivers its products and services to clients primarily through a network of resellers and integrators, as well as through direct sales, offering a variety of deployment methodologies and business models to meet customer demand including software, SaaS and managed services. VIQ is transitioning its technology services offerings towards a SaaS revenue model, in which clients are charged recurring monthly and/or quarterly fees based on a number of variables. VIQ holds three patents on technology, has one patent-pending and one patent application work in progress.

Written from the business description in VIQ Solutions Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 3 April 2023. Every sentence was checked against that document before publication.

Growth
USD 45.8M
Revenue, FY2022 · full 4-year series below
Revenue $M Net income $M
FY2022 · Revenue 45.8 · Net income -8.7
20M40M-8M-16M2019202020212022
Compound annual growth
+22.2%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−19 cents
lost on every revenue dollar
Operating margin Net margin
FY2022 · Net -19.0%
-20%-40%-60%2019202020212022
ROE

Not available in our data for this period.

Cash & shareholders
returned in FY2022 · dividends + net buybacks
Free cash flow $M
FY2022 · FCF -3.5
2M-4M-8M2019202020212022

Total assetsUSD 35.5M
CashUSD 1.7M
Gross debtUSD 8.7M
Net debtUSD 7.0M
Current ratio0.53×

Not available: we don't have the shareholders' equity figure for this period.

The 4-year record
4 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2022202120202019
Revenue $B0.00.00.00.0
Operating income $B··0.0·
EBITDA $B··0.0·
Income tax $B−0.00.0−0.00.0
Net income $B−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.00.0−0.0
EPS, diluted $−0.28−0.74−0.62−0.46
Dividend / sh $····
Payout %····
ROE %····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 18 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 77 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Computer Programming, Data Processing, Etc.
Listed onnot stated in the filings
Incorporated inoutside the United States — SEC code A6
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2019

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