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Complete financial analysis of VIQ Solutions Inc. (VQSSF) 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. (VQSSF)
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 Technology and Related Revenue, and Technology Services segments. The Technology and Related Revenue 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 information; NetScribe, a comprehensive transcription creation and management platform that consolidates, accelerates, and optimizes workflows; aiAssist, a multi-tenant workflow and analysis platform to manage, convert, and analyze large volumes of audio and visual content; FirstDraft that converts audio files to text to provide access to interviews, testimonies, recorded calls, and dictations; and AccessPoint, a secure online portal that simplify court recording management, playback, and distribution. It provides Carbon, a media-centric, and web-based platform that uses automatic speech-to-text. In addition, the company offers transcription services to courts, law firms and enforcement, insurance, government, corporate and finance, media broadcasting, and transcription businesses. VIQ Solutions Inc. was incorporated in 2004 and is headquartered in Mississauga, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 41.78M | 44.03M | 30.77M | 33.43M | 25.68M | 10.88M | 12.15M | 8.52M |
| Cost of Revenue | 28.78M | 28.82M | 20.58M | 21.96M | 18.19M | 8.09M | 7.61M | 5.18M |
| Gross Profit | 13.00M | 15.21M | 10.19M | 11.47M | 7.49M | 2.79M | 4.54M | 3.34M |
| Gross Profit Ratio | 31.11% | 34.55% | 33.12% | 34.30% | 29.16% | 25.65% | 37.39% | 39.18% |
| Research & Development | 692.05K | 705.03K | 1.08M | 1.13M | 1.02M | 435.28K | 303.26K | 126.27K |
| General & Administrative | 0.00 | 27.31M | 27.61M | 11.76M | 9.15M | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | -1.08M | -242.98K | 11.03M | 8.95M | 0.00 | 0.00 | 0.00 |
| SG&A | 23.11M | 26.22M | 27.37M | 12.38M | 9.36M | 5.22M | 5.06M | 4.06M |
| Other Expenses | 0.00 | 1.29K | 12.00K | -2.80M | 1.57M | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 23.80M | 26.93M | 28.45M | 13.51M | 10.38M | 5.66M | 5.36M | 4.18M |
| Cost & Expenses | 52.58M | 55.75M | 49.04M | 35.47M | 28.57M | 13.75M | 12.97M | 9.37M |
| Interest Income | 0.00 | 0.00 | 0.00 | 1.07K | 1.34K | 2.17K | 2.75K | 3.67K |
| Interest Expense | 2.88M | 2.28M | 2.30M | 6.15M | 2.47M | 154.33K | 7.56K | 58.61K |
| Depreciation & Amortization | 5.45M | 5.85M | 4.60M | 5.54M | 3.58M | 615.78K | 246.54K | 232.13K |
| EBITDA | -6.44M | -906.23K | -11.69M | -714.48K | 1.58M | -4.98M | -751.23K | -697.23K |
| EBITDA Ratio | -15.41% | -13.34% | -44.40% | 10.46% | 2.69% | -20.70% | -4.70% | -7.20% |
| Operating Income | -10.80M | -11.72M | -18.26M | -2.04M | -2.89M | -2.87M | -818.05K | -846.05K |
| Operating Income Ratio | -25.86% | -26.62% | -59.35% | -6.10% | -11.26% | -26.36% | -6.73% | -9.93% |
| Total Other Income/Expenses | -3.96M | 2.77M | -306.65K | -10.69M | -1.70M | -2.73M | -187.29K | -129.72K |
| Income Before Tax | -14.77M | -8.95M | -18.57M | -12.73M | -4.53M | -5.75M | -1.01M | -975.76K |
| Income Before Tax Ratio | -35.35% | -20.32% | -60.34% | -38.08% | -17.63% | -52.82% | -8.27% | -11.45% |
| Income Tax Expense | -172.27K | -585.47K | 935.42K | -993.90K | 101.46K | 10.98K | -123.61K | -36.48K |
| Net Income | -14.59M | -8.36M | -19.51M | -11.73M | -4.63M | -5.76M | -881.73K | -939.28K |
| Net Income Ratio | -34.93% | -18.99% | -63.38% | -35.10% | -18.03% | -52.92% | -7.26% | -11.02% |
| EPS | -0.39 | -0.26 | -0.74 | -0.65 | -0.50 | -14.23 | -0.12 | -0.15 |
| EPS Diluted | -0.39 | -0.26 | -0.74 | -0.65 | -0.50 | -14.23 | -0.12 | -0.15 |
| Weighted Avg Shares Out | 37.29M | 31.65M | 26.45M | 18.08M | 9.25M | 404.54K | 7.15M | 6.17M |
| Weighted Avg Shares Out (Dil) | 37.29M | 31.65M | 26.45M | 18.08M | 9.25M | 404.54K | 7.15M | 6.17M |
VIQ Solutions Inc. (VQSSF) Q3 2024 Earnings Conference Call Transcript
VIQ Solutions Announces Transformative Q3 2024: Significant Growth in Adjusted EBITDA
VIQ Solutions to Report Third Quarter 2024 Financial Results on Tuesday, November 12, 2024
VIQ Solutions Announces Term Loan and Fourth Amendment to Credit Facility
VIQ Solutions Announces Appointment of New Director
VIQ Solutions Announces Transformative Q2 2024: Significant Growth in Adjusted EBITDA
Beedie Investments Ltd. Acquires Warrants in VIQ Solutions Inc.
VIQ Solutions Report First Quarter 2024 Results
VIQ Solutions to Report First Quarter 2024 Financial Results on Monday, May 13, 2024
VIQ Solutions Receives SOC 2 Type 1 Report in Major Step Forward Toward Full SOC 2 Compliance
Source: https://incomestatements.info
Category: Stock Reports