See more : TI Cloud Inc. (2167.HK) Income Statement Analysis – Financial Results
Complete financial analysis of VIQ Solutions Inc. (VQS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of VIQ Solutions Inc., a leading company in the Software – Application industry within the Technology sector.
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VIQ Solutions Inc. (VQS)
About VIQ Solutions Inc.
VIQ Solutions Inc. operates as a technology and service platform provider for digital evidence capture, retrieval, and content management in Australia, the United States, the United Kingdom, Canada, and internationally. It operates through two segments, Technology and Related Revenue, and Technology Services. The Technology segment develops, distributes, and licenses computer-based digital solutions based on its technology. The Technology Services segment provides recording and transcription services. The company offers CapturePro that securely speeds the capture, creation, and management of large volumes of information, as well as preserves and secures the spoken word and video image, and delivers data; MobileMic Pro for capturing and managing incident reports, recorded statements, case notes, and other vital information; NetScribe, a speech-to-text engine to consolidate, accelerate, and optimize transcription workflows; aiAssist, a multi-tenant workflow and analysis platform to manage, convert, and analyze large volumes of audio and visual content; and FirstDraft that converts audio files to text to provide access to interviews, testimonies, recorded calls, and dictations. It also provides legal, criminal justice, insurance, government, medical, corporate finance, media, and transcription services. The company was incorporated in 2004 and is based in Mississauga, Canada.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 45.84M | 31.05M | 31.75M | 25.10M | 11.46M | 11.73M | 8.50M | 7.13M | 9.10M | 11.93M | 15.92M | 14.97M | 12.22M | 10.83M | 9.81M | 12.42M | 9.67M | 9.38M | 71.27K |
| Cost of Revenue | 23.92M | 16.12M | 15.60M | 14.28M | 7.87M | 7.11M | 5.07M | 4.41M | 5.92M | 7.29M | 9.55M | 8.63M | 7.96M | 6.48M | 5.66M | 7.85M | 6.10M | 6.09M | 51.00K |
| Gross Profit | 21.93M | 14.92M | 16.15M | 10.82M | 3.59M | 4.62M | 3.43M | 2.72M | 3.18M | 4.65M | 6.38M | 6.34M | 4.26M | 4.35M | 4.15M | 4.57M | 3.56M | 3.29M | 20.26K |
| Gross Profit Ratio | 47.83% | 48.07% | 50.87% | 43.11% | 31.31% | 39.42% | 40.31% | 38.13% | 34.92% | 38.94% | 40.05% | 42.37% | 34.83% | 40.13% | 42.34% | 36.78% | 36.87% | 35.08% | 28.43% |
| Research & Development | 734.12K | 1.09M | 1.07M | 994.64K | 458.68K | 292.73K | 125.99K | 393.67K | 527.93K | 648.88K | 670.28K | 710.73K | 623.85K | 457.09K | 363.53K | 350.76K | 675.09K | 888.85K | 0.00 |
| General & Administrative | 27.31M | 27.61M | 11.76M | 9.15M | 5.50M | 4.88M | 4.14M | 3.12M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 19.12M | 11.03M | 8.95M | 5.53M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 27.31M | 27.61M | 11.76M | 9.15M | 5.50M | 4.88M | 4.14M | 3.12M | 3.64M | 4.87M | 5.83M | 5.46M | 5.02M | 4.45M | 3.67M | 4.56M | 3.56M | 4.92M | 78.86K |
| Other Expenses | 6.09M | 4.64M | 5.26M | 3.50M | -186.44K | 923.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 40.35K | 56.35K | 1.66K | 41.94K | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 34.13M | 33.35M | 18.09M | 13.65M | 6.61M | 5.41M | 4.27M | 3.51M | 4.17M | 5.52M | 6.50M | 6.17M | 5.94M | 5.18M | 4.25M | 4.92M | 4.66M | 6.10M | 78.86K |
| Cost & Expenses | 58.05M | 49.47M | 33.69M | 27.92M | 14.48M | 12.52M | 9.35M | 7.92M | 10.09M | 12.80M | 16.04M | 14.80M | 13.91M | 11.67M | 9.91M | 12.77M | 10.76M | 12.19M | 129.87K |
| Interest Income | 0.00 | 0.00 | 0.00 | 1.34K | 2.29K | 2.65K | 3.66K | 5.45K | 11.03K | 24.63K | 31.83K | 20.95K | 13.84K | 15.09K | 21.85K | 19.97K | 15.76K | 30.00K | 0.00 |
| Interest Expense | 2.28M | 2.30M | 6.15M | 2.47M | 162.63K | 7.30K | 54.73K | 75.80K | 80.59K | 35.26K | 37.97K | 130.97K | 190.91K | 92.53K | 129.81K | 227.95K | 148.41K | 153.49K | 0.00 |
| Depreciation & Amortization | 6.09M | 4.64M | 5.26M | 3.50M | 648.87K | 237.98K | 231.60K | 130.19K | 155.71K | 187.24K | 220.64K | 242.92K | 296.62K | 277.43K | 223.91K | 413.84K | 427.30K | 290.03K | -117.20K |
| EBITDA | -5.56M | -13.53M | 519.99K | 2.25M | -2.56M | -548.09K | -687.22K | -662.66K | -822.24K | -642.10K | 131.25K | 477.29K | -1.32M | -543.86K | 187.81K | 92.14K | -668.19K | -2.52M | -58.60K |
| EBITDA Ratio | -12.13% | -43.58% | 1.64% | 8.95% | -22.30% | -4.67% | -8.08% | -9.29% | -9.03% | -5.38% | 0.82% | 3.19% | -10.82% | -5.02% | 1.91% | 0.74% | -6.91% | -26.88% | -82.23% |
| Operating Income | -11.65M | -18.17M | -4.74M | -1.26M | -5.89M | -786.08K | 844.13K | 791.00K | 988.98K | 1.08M | 121.21K | 234.37K | 1.69M | 838.04K | -36.10K | 349.19K | 1.10M | 2.81M | 58.60K |
| Operating Income Ratio | -25.41% | -58.53% | -14.93% | -5.01% | -51.40% | -6.70% | 9.93% | 11.09% | 10.86% | 9.02% | 0.76% | 1.57% | 13.82% | 7.74% | -0.37% | 2.81% | 11.33% | 29.98% | 82.23% |
| Total Other Income/Expenses | 2.34M | -563.97K | -7.35M | -3.17M | -162.63K | -184.36K | -1.82M | -1.54M | -2.05M | -2.15M | -248.15K | -69.67K | -4.51M | -1.75M | -96.40K | -1.30M | -2.23M | -5.88M | -4.87K |
| Income Before Tax | -9.32M | -18.74M | -12.09M | -4.43M | -6.06M | -970.43K | -973.55K | -752.90K | -1.06M | -1.07M | -126.93K | 103.40K | -2.82M | -914.59K | -196.28K | -953.21K | -1.13M | -3.07M | 53.73K |
| Income Before Tax Ratio | -20.32% | -60.34% | -38.08% | -17.63% | -52.82% | -8.27% | -11.45% | -10.56% | -11.66% | -8.99% | -0.80% | 0.69% | -23.06% | -8.44% | -2.00% | -7.68% | -11.70% | -32.71% | 75.39% |
| Income Tax Expense | -609.62K | 943.73K | -944.03K | 99.16K | 11.57K | -119.32K | -36.40K | -28.70K | -27.02K | -72.70K | 120.79K | 29.85K | -12.39K | 14.48K | 36.44K | 31.56K | -28.47K | 32.30K | 117.20K |
| Net Income | -8.71M | -19.68M | -11.15M | -4.52M | -6.07M | -851.12K | -937.15K | -724.20K | -894.39K | -999.65K | -247.73K | 73.55K | -2.81M | -929.07K | -232.72K | -984.76K | -1.10M | -3.10M | -63.47K |
| Net Income Ratio | -18.99% | -63.38% | -35.10% | -18.03% | -52.92% | -7.26% | -11.02% | -10.15% | -9.83% | -8.38% | -1.56% | 0.49% | -22.96% | -8.58% | -2.37% | -7.93% | -11.41% | -33.06% | -89.06% |
| EPS | -0.28 | -0.74 | -0.62 | -0.46 | -0.75 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | 0.00 | 0.00 | -0.03 | -0.01 | 0.00 | -0.01 | -0.02 | -0.05 | 0.00 |
| EPS Diluted | -0.28 | -0.74 | -0.62 | -0.46 | -0.75 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | 0.00 | 0.00 | -0.03 | -0.01 | 0.00 | -0.01 | -0.02 | -0.05 | 0.00 |
| Weighted Avg Shares Out | 31.65M | 26.45M | 18.08M | 9.75M | 8.09M | 143.05M | 123.45M | 97.67M | 90.96M | 90.96M | 90.88M | 89.05M | 83.40M | 82.88M | 79.75M | 73.07M | 72.06M | 61.37M | 41.36M |
| Weighted Avg Shares Out (Dil) | 31.65M | 26.45M | 18.08M | 9.75M | 8.09M | 143.05M | 123.45M | 97.67M | 90.96M | 90.96M | 90.88M | 90.79M | 83.40M | 82.88M | 79.75M | 73.07M | 72.06M | 61.37M | 41.36M |
VIQ Solutions Announces Transformative Q3 2024: Significant Growth in Adjusted EBITDA
MISSISSAUGA, Ontario--(BUSINESS WIRE)--VIQ Solutions Inc. (“VIQ”, “VIQ Solutions” or the “Company”) (TSX: VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, is pleased to announce its unaudited financial results for the third quarter...
VIQ Solutions to Report Third Quarter 2024 Financial Results on Tuesday, November 12, 2024
MISSISSAUGA, Ontario--(BUSINESS WIRE)--VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, will release its financial results for the third quarter ended September 30, 2024, after market...
VIQ Solutions Announces Term Loan and Fourth Amendment to Credit Facility
MISSISSAUGA, Ontario--(BUSINESS WIRE)--VIQ Solutions Inc. (“VIQ”, “VIQ Solutions” or the “Company”) (TSX: VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announces that it has entered into a US$1,500,000 term loan (the...
VIQ Solutions Announces Appointment of New Director
MISSISSAUGA, Ontario--(BUSINESS WIRE)--VIQ Solutions Inc. (“VIQ”, “VIQ Solutions” or the “Company”) (TSX: VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announces the appointment of David Sharma to its board of directors...
VIQ Solutions Announces Transformative Q2 2024: Significant Growth in Adjusted EBITDA
MISSISSAUGA, Ontario--(BUSINESS WIRE)--VIQ Solutions Inc. (“VIQ”, “VIQ Solutions” or the “Company”) (TSX: VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, is pleased to announce its unaudited financial results for the second quarter...
VIQ Solutions Announces Delisting from Nasdaq and Director Resignation
PHOENIX, Ariz.--(BUSINESS WIRE)--VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX and Nasdaq: VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announced that pursuant to its press release of September 30, 2022...
VIQ Solutions Inc. (VQS) Q2 2023 Earnings Call Transcript
VIQ Solutions Inc. (NASDAQ:VQS ) Q2 2023 Earnings Call Transcript August 15, 2023 11:00 AM ET Company Participants Audrey Liu - Corporate Finance Controller Sebastien Pare - CEO Susan Sumner - President and COO Sandy Keung - VP, Finance Conference...
VIQ Solutions Announces Second Quarter 2023 Financial Results
PHOENIX, Ariz.--(BUSINESS WIRE)--VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX and Nasdaq: VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announces its unaudited financial results for the second quarter ending June...
VIQ Solutions to Report Second Quarter 2023 Financial Results on Monday, August 14, 2023
PHOENIX, Ariz.--(BUSINESS WIRE)--VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX:VQS and NASDAQ:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, will release its financial results for the second quarter ended June 30, 2023,...
VIQ Solutions Closes Oversubscribed Private Placement Financing
PHOENIX, Arizona--(BUSINESS WIRE)--VIQ Solutions Inc. (“VIQ”, “VIQ Solutions” or the “Company”) (TSX and Nasdaq: VQS) today announces that it has closed a non-brokered, oversubscribed, private placement of 5,800,000 units of the Company (“Units”) at a price per Unit of US$0.31...
Source: https://incomestatements.info
Category: Stock Reports