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 in 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; and aiAssist, a multi-tenant workflow and analysis platform to manage, convert, and analyze large volumes of audio and visual content. It also provides legal, criminal justice, insurance, government, corporate finance, and media transcription services. The company was incorporated in 2004 and is based in Mississauga, Canada.
IPO Year:
Exchange: NASDAQ
Website: viqsolutions.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/17/2021 | $10.00 → $6.00 | Buy | HC Wainwright & Co. |
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HC Wainwright & Co. reiterated coverage of VIQ Solutions with a rating of Buy and set a new price target of $6.00 from $10.00 previously
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VIQ Solutions Inc. ("VIQ" or the "Company") (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 announcing receipt of the initial notice of deficiency from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq"), the Company received a final delisting notice from Nasdaq on September 26, 2023 due to the continued failure to satisfy the $1.00 minimum bid price listing requirement in Nasdaq Listing Rule 5550(a)(2). The Company notified Nasdaq that it would not appeal Nasdaq's delisting decision. Nasdaq has notified the Company
VIQ Solutions Inc. ("VIQ" or the "Company") (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 30, 2023. Results are reported in US dollars and prepared in accordance with International Financial Reporting Standards ("IFRS"). "Revenue for the second quarter ending June 30, 2023, grew by 5% sequentially from the previous quarter despite some delays in ramping up of new contracts. When normalized to consider the 50% reduction of the Queensland contract from a year ago and negative foreign exchange impact due to the declining Australian
VIQ Solutions Inc. ("VIQ" or the "Company") (TSX:VQS, 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, after market close on Monday, August 14, 2023. VIQ management will host a conference call to discuss these results on Tuesday, August 15 at 11:00 AM Eastern Time. Investors may access a live webcast of the call on the Company's website at www.viqsolutions.com/investors or by dialing 1-888-440-4052 (North America toll-free) or +1-646-960-0827 (international) to be connected to the call by an operator using conference ID number 4983233. P
VIQ Solutions Inc. ("VIQ", "VIQ Solutions" or the "Company") (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 for aggregate gross proceeds of US$1,798,000 (the "Offering"). Each Unit consists of one common share of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of US$0.31 per Common Share until June 30, 2024. VIQ intends to use the net proceeds from the Offering to fund additional proprietary domain s
VIQ Solutions Inc. ("VIQ", "VIQ Solutions" or the "Company") (NASDAQ:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announces that the Company has drawn a subsequent advance of US$1 million (the "Subsequent Advance") under the Company's previously announced senior secured loan (the "Loan") of up to US$15 million with Beedie Investments Ltd. (the "Lender") pursuant to the terms of a credit agreement by and among the Company and the Lender (the "Credit Agreement"). As of the date hereof, US$13 million of the Loan has been advanced to the Company. The Company intends to use the Subsequent Advance primarily for a restru
VIQ Solutions Inc. ("VIQ", "VIQ Solutions" or the "Company") (NASDAQ:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, announced the voting results from its annual and special meeting of shareholders (the "Meeting") on June 27, 2023. Shareholders approved all matters set forth in the Company's Management Information Circular dated May 19, 2023. A total of 15,127,879 common shares of the Company ("Shares") were voted at the Meeting, representing 43.57% of the issued and outstanding Shares. The voting results for the election of directors were as follows: Nominee % of votes for % of votes withheld Seb
VIQ Solutions Inc. ("VIQ", "VIQ Solutions" or the "Company") (NASDAQ:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announces a strategic partnership with Justice AV Solutions (JAVS), a leading global provider of court recording and AV services to courtrooms of all sizes, which brings AI-generated draft transcripts of courtroom proceedings to legal professionals. As government agencies accelerate digital modernization efforts, they seek partnerships with industry leading companies that provide a comprehensive portfolio proven to deliver transcript speed and accuracy. JAVS' widespread presence in over 10,000 instal
VIQ Solutions Inc. ("VIQ", "VIQ Solutions" or the "Company") (NASDAQ:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announces the Company has won the 2023 Fortress Cyber Security Awards in the Data Protection category. The Business Intelligence Group's Fortress Cyber Security awards program highlights and rewards companies and products safely protecting data and electronic assets from growing hacker threats. Security is the first design parameter that VIQ Solutions considers when products and features are developed. As organizations accelerate digital modernization efforts, they are looking to partner with industr
VIQ Solutions Inc. ("VIQ", "VIQ Solutions" or the "Company") (NASDAQ:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announces it has filed two provisional patent applications with the United States Patent and Trademark Office (USPTO). The patents augment the Company's speech engine agnostic workflows, improving documentation accuracy and usability of documentation, for courts, insurance, law enforcement and media organizations across the globe. The first patent application is directed to the systems and methods for training domain-specific Automated Speech Recognition (ASR) language models. The novel methods can b
VIQ Solutions Inc. ("VIQ" or the "Company") (NASDAQ:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today reported its unaudited financial results for the first quarter ending March 31, 2023. Results are reported in US dollars and prepared in accordance with International Financial Reporting Standards ("IFRS"). "The increasing demand for digital content by global organizations necessitates the implementation of innovative, specialized technology to process data more swiftly and in a secure and precise manner. Transcribers play a critical role in leveraging Artificial Intelligence (AI) to achieve greater productivity and
Live Leadership Updates
VIQ Solutions Inc. ("VIQ", "VIQ Solutions" or the "Company") (NASDAQ:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announced the appointment of the Company's Chairman, Larry Taylor, as Executive Chairman. Additionally, the Company announced the appointment of Tim Johnson as Senior Vice President of International. Appointment of Executive Chairman As both an executive and board member, Mr. Taylor's new role was created to work closely with the executive team and accelerate the Company's delivery of increased profitability and enhanced cash flow generation in 2023. To achieve these goals, Mr. Taylor and executives
VIQ Solutions Inc. ("VIQ", "VIQ Solutions" or the "Company") (TSX:VQS, NASDAQ:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announces the appointment of a new member to its Board of Directors (the "Board"), effective April 5th, 2022. The Company also announces the resignation of Mike Kessel from the Board, effective April 5th, 2022. Joining the Board is Christine Fellowes, Managing Director, APAC, NBCUniversal International Networks & Direct-To-Consumer. "I am excited to announce the appointment of Ms. Fellowes to our Board. Ms. Fellowes is a seasoned corporate executive with significant leadership experience in
Highly Accomplished Executives with Decades of Leadership in Information Technology and Artificial Intelligence VIQ Solutions Inc. ("VIQ", "VIQ Solutions" or the "Company") (TSX:VQS, NASDAQ:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announces the appointment of two new members to its Board of Directors (the "Board"), effective April 1, 2022. Joining the Board are Shing Pan, Woodside Capital Partners, Investment Banker, and Susan Sumner, VIQ President and Chief Operating Officer. The appointments expand the Board to eight members, six of whom are independent. "I am excited to announce the appointment of two hi
VIQ's cloud-based transcription workflow automation solutions, powered by Artificial Intelligence, enable efficiency and productivity gains globally VIQ Solutions Inc. ("VIQ", "VIQ Solutions" or the "Company") (NASDAQ:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announced NetScribe, powered by aiAssist™, is now available in the United Kingdom and Canada significantly improving the execution and management of transcription workflows for transcription companies. Increasing demand for digital content by global organizations empowered the need for transcription technology and automation. According to Grandview Resea
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VIQ Solutions Inc. ("VIQ" or the "Company") (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 30, 2023. Results are reported in US dollars and prepared in accordance with International Financial Reporting Standards ("IFRS"). "Revenue for the second quarter ending June 30, 2023, grew by 5% sequentially from the previous quarter despite some delays in ramping up of new contracts. When normalized to consider the 50% reduction of the Queensland contract from a year ago and negative foreign exchange impact due to the declining Australian
VIQ Solutions Inc. ("VIQ" or the "Company") (TSX:VQS, 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, after market close on Monday, August 14, 2023. VIQ management will host a conference call to discuss these results on Tuesday, August 15 at 11:00 AM Eastern Time. Investors may access a live webcast of the call on the Company's website at www.viqsolutions.com/investors or by dialing 1-888-440-4052 (North America toll-free) or +1-646-960-0827 (international) to be connected to the call by an operator using conference ID number 4983233. P
VIQ Solutions Inc. ("VIQ" or the "Company") (NASDAQ:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today reported its unaudited financial results for the first quarter ending March 31, 2023. Results are reported in US dollars and prepared in accordance with International Financial Reporting Standards ("IFRS"). "The increasing demand for digital content by global organizations necessitates the implementation of innovative, specialized technology to process data more swiftly and in a secure and precise manner. Transcribers play a critical role in leveraging Artificial Intelligence (AI) to achieve greater productivity and
VIQ Solutions Inc. ("VIQ" or the "Company") (TSX:VQS, 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 first quarter ended March 31, 2023, after market close on Wednesday, May 10, 2023. VIQ management will host a conference call to discuss these results on Thursday, May 11 at 11:00 AM Eastern Time. Investors may access a live webcast of the call on the Company's website at www.viqsolutions.com/investors or by dialing 1-888-440-4052 (North America toll-free) or +1-646-960-0827 (international) to be connected to the call by an operator using conference ID number 4983233. Par
VIQ Solutions Inc. ("VIQ" or the "Company") (NASDAQ:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today reported its unaudited financial results for the fourth quarter and full year ending December 31, 2022. Results are reported in US dollars and prepared in accordance with International Financial Reporting Standards ("IFRS"). "We ended a challenging 2022 with a 48% increase in year over year revenue which 93% is Annual Recurring Revenue ("ARR")1 and a 53% increase in year over year net new bookings," said Sebastien Paré, VIQ's Chief Executive Office. "We delivered on our promise to gradually return to organic growth po
VIQ Solutions Inc. ("VIQ" or the "Company") (TSX:VQS, 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 fourth quarter and full year ended December 31, 2022, after market close on Wednesday, March 29, 2023. VIQ management will host a conference call to discuss these results on Thursday, March 30 at 11:00 AM Eastern Time. Investors may access a live webcast of the call on the Company's website at www.viqsolutions.com/investors or by dialing 1-888-440-4052 (North America toll-free) or +1-646-960-0827 (international) to be connected to the call by an operator using conference I
VIQ Solutions Inc. ("VIQ" or the "Company") (NASDAQ:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today reported its unaudited financial results for the three and nine months ended September 30, 2022. Results are reported in US dollars and prepared in accordance with International Financial Reporting Standards ("IFRS"). "Our customers and the market are moving away from large technology purchases to buying and engaging on a monthly basis over the course of a contract. As a result, we are in the midst of a transition toward a subscription-based annual recurring revenue (ARR) model. Over time, we expect this will manifest
VIQ Solutions Inc. ("VIQ" or the "Company") (TSX:VQS, 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 third quarter and first nine months ended September 30, 2022, after market close on Wednesday, November 9, 2022. VIQ management will host a conference call to discuss these results on Thursday, November 10 at 11:00 AM Eastern Time. Investors may access a live webcast of the call on the Company's website at www.viqsolutions.com/investors or by dialing 1-888-440-4052 (North America toll-free) or +1-646-960-0827 (international) to be connected to the call by an operator using
Revenue Grew 51% Versus the Prior Year Bookings Were up 159% and Net New Clients Increased 20% Versus the Prior Quarter VIQ Solutions Inc. ("VIQ" or the "Company") (NASDAQ:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today reported its unaudited financial results for the second quarter and first half of 2022, ended June 30, 2022, including Bookings1 of $4.4 million, representing an increase of 159% compared to Q12022 and a 20% gain in the number of net new clients during the quarter. Additionally, the Company reaffirmed its previously announced full year 2022 goals. Results are reported in US dollars and prepared in a
VIQ Solutions Inc. ("VIQ" or the "Company") (TSX:VQS, 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, 2022, after market close on Wednesday, August 10, 2022. VIQ management will host a conference call to discuss these results on Thursday, August 11 at 11:00 AM Eastern Time. Investors may access a live webcast of the call on the Company's website at www.viqsolutions.com/investors or by dialing 1-888-440-4052 (North America toll-free) or +1-646-960-0827 (international) to be connected to the call by an operator using conference ID number 4983233
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