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Home CompaniesViq Solutions Inc

Viq Solutions Inc

Technology Software - Application
PortfolioPortfolio WatchlistWatchlist
Company price
0.195 CAD 0.01 ( 5.41%)
Last update at 2025-10-22T13:30:00Z
VOLUME
26000
Market Cap
10.73M

Momentum Score

…

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 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; and NetScribe, a transcription creation and management platform that consolidates, accelerates, and optimizes workflows. It also provides 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; Carbon, a media-centric and web-based platform that uses automatic speech-to-text; and AccessPoint, a secure online portal to simplify court recording management, playback, and distribution. The company serves courts, law firms and enforcement, insurance, government, corporate and finance, media broadcasting, and transcription industries. VIQ Solutions Inc. was incorporated in 2004 and is headquartered in Mississauga, Canada.

Source: TradingView
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Day Price Range
0.18
Low
0.20
High
52 Week Price Range
0.15
Low
0.28
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
0.18
Dividend Yield
-
Revenue TTM
42.82M
Revenue Per Share
0.82
Gross Profit TTM
19.81M
Debt / Equity
2.18
ROE
-392.06%
Net Debt
11.86M
ROCE
-50.01%
Diluted EPS TTM
-0.54

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Income before tax -14.50M -9.32M -18.74M -12.09M -4.43M
Net income -14.33M -8.71M -19.68M -11.15M -4.52M
Selling general administrative 23.66M 27.31M 27.61M 11.76M 9.15M
Selling and marketing expenses - - 19.12M 11.03M 8.95M
Gross profit 18.11M 21.93M 14.92M 16.15M 10.82M
Reconciled depreciation 6.53M 6.09M 4.64M 5.26M 3.50M
Ebit -10.41M -11.65M -18.17M -4.74M -1.26M
Ebitda -7.05M -5.56M -13.53M 0.52M 2.25M
Depreciation and amortization 3.36M 6.09M 4.64M 5.26M 3.50M
Operating income -10.41M -11.65M -18.17M -4.74M -1.26M
Other operating expenses 52.69M 58.05M 49.47M 33.69M 27.92M
Interest expense 2.86M 2.28M 2.30M 6.15M 2.47M
Tax provision -0.39M -0.61M 0.94M -0.94M 0.10M
Interest income - 1.97M 0.93M 6.15M 0.00M
Net interest income -2.86M -2.28M -2.30M -6.15M -2.47M
Income tax expense 0.17M -0.61M 0.94M -0.94M 0.10M
Total revenue 41.02M 45.84M 31.05M 31.75M 25.10M
Total operating expenses 29.78M 34.13M 33.35M 18.09M 13.65M
Cost of revenue 22.91M 23.92M 16.12M 15.60M 14.28M
Total other income expense net -4.09M 5.17M 1.99M -3.99M 0.87M
Net income from continuing ops -13.56M -8.71M -19.68M -11.15M -4.52M
Net income applicable to common shares - -8.71M -19.68M -11.15M -4.52M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 29.68M 35.54M 47.69M 42.72M 20.77M
Intangible assets 8.07M 10.73M 14.76M 12.12M 10.22M
Other current assets 1.75M - - - -
Total liab 23.50M 19.90M 25.60M 22.93M 18.56M
Total stockholder equity 6.18M 15.64M 22.09M 19.79M 2.21M
Other current liab 2.56M 2.11M 3.87M 1.77M 0.55M
Common stock 76.23M 74.69M 72.19M 50.23M 21.99M
Capital stock - 74.69M 72.19M 50.23M 21.99M
Retained earnings -78.06M -63.72M -55.02M -35.34M -24.19M
Other liab - 1.99M 2.41M 2.07M 0.11M
Good will 12.09M 12.05M 12.28M 6.98M 4.30M
Other assets - 1.12M 0.77M 1.48M 0.37M
Cash 1.62M 1.66M 10.58M 16.84M 1.71M
Total current liabilities 8.85M 17.17M 10.29M 8.49M 7.96M
Net debt 11.86M 7.00M 2.53M - 9.50M
Short term debt 0.02M 0.00M 0.00M 0.00M 0.00M
Short long term debt - 8.63M 1.11M 1.49M 1.10M
Short long term debt total 13.49M - - 12.38M 10.49M
Other stockholder equity 8.67M -1.21M 0.07M -0.08M -0.14M
Property plant equipment - 2.49M 1.60M 0.53M 0.76M
Total current assets 7.67M 9.16M 18.28M 21.62M 5.13M
Net tangible assets - -7.14M -4.96M 0.69M -12.30M
Net receivables 4.27M 5.41M 5.59M 4.48M 3.17M
Long term debt - 0.02M 12.00M 12.14M 10.11M
Inventory 0.03M 0.04M 0.05M 0.05M 0.06M
Accounts payable 6.27M 5.94M 5.02M 4.99M 3.52M
Accumulated other comprehensive income -0.67M - - - -
Non currrent assets other 0.19M 0.46M 0.30M 0.04M 0.04M
Non current assets total 22.01M 26.39M 29.41M 21.10M 15.64M
Capital lease obligations - 1.21M 1.19M 0.35M 0.69M
Long term debt total - 0.74M 12.90M 12.38M 10.49M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -2.66M -4.10M -14.44M -6.64M -1.78M
Change to liabilities - 0.00M -1.55M -0.42M -0.56M
Total cashflows from investing activities - -4.10M -14.44M -6.64M -1.78M
Net borrowings - - -1.22M 3.65M 0.55M
Total cash from financing activities 4.99M -2.37M 16.52M 18.16M 2.05M
Change to operating activities - - -1.63M -0.05M -0.04M
Net income -14.33M -8.71M -19.68M -11.15M -4.52M
Change in cash -0.04M -8.93M -6.25M 15.13M -0.22M
Begin period cash flow 1.66M 10.58M 16.84M 1.71M 1.92M
End period cash flow 1.62M 1.66M 10.58M 16.84M 1.71M
Total cash from operating activities -2.81M -2.34M -8.24M 3.42M -0.55M
Issuance of capital stock 1.36M 4.05M 16.71M 13.75M 0.00M
Depreciation 3.80M 6.09M 4.64M 5.26M 3.50M
Other cashflows from investing activities - -1.07M -0.26M -0.01M 0.00M
Dividends paid 0.00M 0.00M 0.00M 0.00M 0.00M
Change to inventory 0.01M 0.01M -0.00M 0.02M -0.01M
Change to account receivables 0.95M 0.08M -0.45M -0.37M -0.27M
Sale purchase of stock - 4.05M 19.05M 15.62M 2.26M
Other cashflows from financing activities 0.17M -1.39M 1.03M 5.59M 3.52M
Change to netincome - - 8.80M 10.08M 1.30M
Capital expenditures 0.03M 3.03M 2.44M 1.85M 1.78M
Change in working capital 1.60M 1.40M -2.00M -0.77M -0.82M
Stock based compensation 0.76M 2.78M 8.50M 0.73M 0.20M
Other non cash items 5.37M -3.28M -0.64M 10.30M 1.09M
Free cash flow -2.84M -5.37M -10.68M 1.58M -2.33M

Peer Comparison*

Sector: Technology Industry: Software - Application

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
VQS
Viq Solutions Inc		 0.01
5.41%		 0.20 - - 0.25 0.90 0.43 -7.00
SHOP
Shopify Inc		 13.51
6.75%		 213.70 138.91 70.92 20.17 12.93 14.73 88.85
CRM
Salesforce CDR (CAD Hedged)		 0.44
2.61%		 17.28 23.21 13.57 4.11 2.47 3.85 12.75
NOWS
ServiceNow CDR (CAD Hedged)		 -0.02
0.14%		 13.85 323.25 114.94 38.22 38.75 7.52 33.05
CSU
Constellation Software Inc.		 57.38
1.67%		 3495.38 78.75 16.39 4.74 11.45 3.77 17.00

Profile*

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 in two segments, Technology and Related Revenue, and Technology Services. 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; and NetScribe, a transcription creation and management platform that consolidates, accelerates, and optimizes workflows. It also provides 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; Carbon, a media-centric and web-based platform that uses automatic speech-to-text; and AccessPoint, a secure online portal to simplify court recording management, playback, and distribution. The company serves courts, law firms and enforcement, insurance, government, corporate and finance, media broadcasting, and transcription industries. VIQ Solutions Inc. was incorporated in 2004 and is headquartered in Mississauga, Canada.

5915 Airport Road, Mississauga, ON, Canada, L4V 1T1

905 948 8266

https://viqsolutions.com

Name Title Year Born
Ms. Susan Sumner Pres, COO & Director 1964
Mr. Larry Douglas Taylor CMA, CMC, CPA Exec. Chairman 1957
Mr. Sebastien Pare CEO & Director 1971
Mr. Alexie Edwards Chief Financial Officer 1968
Mr. Vahram Sukyas Chief Technology Officer 1981
Mr. Gilles-André Morin Chief Information Officer NA
Ms. Laura Serrano Haggard Chief Marketing Officer NA
Mr. Tony Incardona Sr. VP of Global Sales & Bus. Devel. NA
Ms. Elizabeth Vanneste Exec. VP of Product & Strategy 1961
Ms. Jayne Perry Managing Director of United Kingdom & EMEA NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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