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VIQ Solutions
(VQS)
VIQ Solutions (VQS) vs. iShares MSCI Canada ETF (EWC)
VIQ Solutions Business Overview & Revenue Model
VIQ Solutions Earnings Call Summary
VIQ Solutions Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.95M | 43.16M | 41.02M | 45.84M | 31.05M | 31.75M |
| Gross Profit | 18.70M | 19.23M | 18.11M | 21.93M | 14.92M | 16.15M |
| EBITDA | -3.07M | -750.54K | -7.05M | -943.62K | -11.80M | -678.63K |
| Net Income | -9.73M | -7.05M | -14.33M | -8.71M | -19.68M | -11.15M |
Balance Sheet | ||||||
| Total Assets | 28.36M | 24.82M | 29.68M | 35.54M | 47.69M | 42.72M |
| Cash, Cash Equivalents and Short-Term Investments | 2.10M | 1.57M | 1.62M | 1.66M | 10.58M | 16.84M |
| Total Debt | 14.40M | 16.19M | 13.97M | 9.86M | 14.30M | 13.98M |
| Total Liabilities | 23.83M | 24.54M | 23.50M | 19.90M | 25.60M | 22.93M |
| Stockholders Equity | 4.53M | 280.40K | 6.18M | 15.64M | 22.09M | 19.79M |
Cash Flow | ||||||
| Free Cash Flow | -2.02M | 1.12M | -2.84M | -5.37M | -10.68M | 1.58M |
| Operating Cash Flow | -1.51M | 1.14M | -2.81M | -2.34M | -8.24M | 3.42M |
| Investing Cash Flow | -1.76M | -1.42M | -2.22M | -4.10M | -14.44M | -6.64M |
| Financing Cash Flow | 3.57M | 322.62K | 4.99M | -2.37M | 16.52M | 18.16M |
VIQ Solutions Technical Analysis
VIQ Solutions Risk Analysis
VIQ Solutions Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | C$14.85M | 134.21 | 1.39% | ― | -1.87% | -82.16% | |
| ― | C$27.35M | 80.72 | ― | ― | 16.92% | ― | |
| ― | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
| ― | $11.02M | 42.50 | 218.27% | ― | 39.45% | -56.52% | |
| ― | C$9.07M | ― | -19.79% | ― | -26.00% | -54.40% | |
| ― | C$10.44M | ― | ― | ― | ― | ― | |
| ― | C$10.53M | -0.96 | -644.92% | ― | 2.20% | 37.96% |
VIQ Solutions Corporate Events
VIQ Solutions has successfully closed a non-brokered private placement, raising approximately C$2 million through the issuance of over 10.75 million units. This insider-led transaction, considered a related party transaction, involved significant participation from company director Bradley Wells, who now holds a larger stake in the company. The move is expected to impact the company’s financial standing and insider ownership structure, potentially influencing its strategic direction and stakeholder interests.
VIQ Solutions announced a non-brokered private placement offering of units priced at C$0.186 each, aiming to raise up to $2 million. The proceeds will be used for working capital and general corporate purposes, with insiders expected to subscribe for approximately 10.2 million units, making it a related party transaction. The offering is subject to TSXV approval and is expected to close around October 27, 2025.
VIQ Solutions announced its transition from the Toronto Stock Exchange to the TSX Venture Exchange, effective October 21, 2025. This strategic move is expected to optimize costs and provide access to additional financing options, aligning with the company’s productivity and margin improvement initiatives. The transition, which did not require shareholder approval, is anticipated to reduce legal, compliance, and financial reporting expenses, thereby strengthening VIQ’s operational efficiency and market positioning.
VIQ Solutions has announced its decision to voluntarily delist from the Toronto Stock Exchange (TSX) and list on the TSX Venture Exchange (TSXV), a move deemed beneficial by the company’s management and Board of Directors. This strategic transition, expected to occur around October 20-21, 2025, is driven by considerations such as cost efficiency, market capitalization, and financing opportunities associated with the TSXV, while maintaining its trading symbol ‘VQS’. This shift is expected to align better with the company’s current market position and operational goals, with no required action from shareholders.
The recent earnings call for Viq Solutions highlighted a mixed sentiment, with a strong emphasis on operational efficiencies and strategic growth, particularly in the adoption of SaaS and expansion of gross margins. However, concerns were raised about a decline in revenue and an increased net loss, largely attributed to foreign exchange impacts. Despite these challenges, the company is making strides towards sustainable margin expansion and achieving positive cash flow.
VIQ Solutions announced the successful closing of a non-brokered private placement led by its Board of Directors, raising approximately C$565,000 through the issuance of 2,640,290 units. This strategic move, fully subscribed by board members, is expected to bolster the company’s financial position and support its continued growth in the secure digital capture and transcription industry.
VIQ Solutions announced a non-brokered private placement offering of units priced at C$0.214, led by board members Bradley Wells, Larry Taylor, and Joseph Quarin, aiming to raise approximately $565,000. The proceeds will be used for working capital and general corporate purposes, with the offering subject to TSX approval and expected to close around August 22, 2025. This insider-led initiative reflects confidence in the company’s strategic direction and is considered a ‘related party transaction’ under MI 61-101, though exempt from formal valuation and minority shareholder approval requirements due to the participation’s market capitalization value.
VIQ Solutions announced significant leadership changes with the resignation of CEO Sebastien Pare and the appointment of Larry Taylor as Interim CEO. Elizabeth Pennell has been named Global Head of Operations, focusing on accelerating technology adoption and profitability, particularly in the Australian market. Brad Wells, the largest shareholder, has been appointed Board Chair, emphasizing the need for urgency, innovation, and strategic acquisitions to drive growth and profitability. The changes are aimed at strengthening VIQ’s market position and enhancing their AI-powered solutions for a global customer base.
VIQ Solutions has announced an eighth amendment to its credit agreement with Beedie Investments Ltd., aimed at supporting the company’s recapitalization and long-term business objectives. This amendment establishes a Finance Committee to oversee the refinancing of existing loans by April 2026, reflecting VIQ’s commitment to strengthening its financial position and enhancing growth potential, while ensuring that the lender will not demand immediate repayment during this period.
VIQ Solutions announced it will release its second quarter 2025 financial results on August 13, 2025, with a subsequent conference call scheduled for August 14. This announcement is significant as it provides stakeholders with insights into the company’s financial health and operational performance, potentially impacting its market positioning and investor relations.
VIQ Solutions announced it will release its financial results for the second quarter of 2025 on August 13, followed by a conference call on August 14 to discuss the outcomes. This announcement is significant for stakeholders as it provides insights into the company’s financial health and performance, potentially impacting its market positioning and investor relations.