Financial Snapshot

Revenue
$41.95M
TTM
Gross Margin
44.55%
TTM
Net Earnings
-$9.726M
TTM
Current Assets
$7.982M
Q2 2024
Current Liabilities
$22.69M
Q2 2024
Current Ratio
35.17%
Q2 2024
Total Assets
$28.36M
Q2 2024
Total Liabilities
$23.83M
Q2 2024
Book Value
$4.525M
Q2 2024
Cash
P/E
-1.035
Nov 29, 2024 EST
Free Cash Flow
-$3.177M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue $41.02M $45.84M $31.05M $31.75M $22.63M $10.10M $11.73M $8.630M $7.740M $9.570M $10.47M $15.85M $15.46M $11.86M $9.940M $11.19M $11.46M $9.940M
YoY Change -10.51% 47.66% -2.21% 40.3% 124.06% -13.9% 35.92% 11.5% -19.12% -8.6% -33.94% 2.52% 30.35% 19.32% -11.17% -2.36% 15.29%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue $41.02M $45.84M $31.05M $31.75M $22.63M $10.10M $11.73M $8.630M $7.740M $9.570M $10.47M $15.85M $15.46M $11.86M $9.940M $11.19M $11.46M $9.940M
Cost Of Revenue $22.91M $23.92M $16.12M $15.60M $14.28M $7.870M $7.110M $5.150M $4.790M $6.230M $6.550M $9.500M $8.910M $8.120M $5.950M $6.450M $7.240M $6.270M
Gross Profit $18.11M $21.93M $14.92M $16.15M $8.360M $2.230M $4.620M $3.480M $2.950M $3.340M $3.920M $6.350M $6.550M $3.740M $3.990M $4.740M $4.210M $3.660M
Gross Profit Margin 44.15% 47.83% 48.07% 50.87% 36.94% 22.08% 39.39% 40.32% 38.11% 34.9% 37.44% 40.06% 42.37% 31.53% 40.14% 42.36% 36.74% 36.82%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Selling, General & Admin $22.69M $24.53M $27.61M $11.76M $9.150M $5.500M $4.880M $3.970M $3.310M $3.830M $4.480M $5.800M $5.640M $4.750M $4.090M $4.180M $4.210M $3.660M
YoY Change -7.47% -11.18% 134.82% 28.52% 66.36% 12.7% 22.92% 19.94% -13.58% -14.51% -22.76% 2.84% 18.74% 16.14% -2.15% -0.71% 15.03%
% of Gross Profit 125.3% 111.86% 185.05% 72.82% 109.45% 246.64% 105.63% 114.08% 112.2% 114.67% 114.29% 91.34% 86.11% 127.01% 102.51% 88.19% 100.0% 100.0%
Research & Development $679.6K $734.1K $1.092M $1.070M $990.0K $460.0K $290.0K $130.0K $430.0K $550.0K $670.0K $670.0K $730.0K $610.0K $420.0K $410.0K $320.0K $690.0K
YoY Change -7.43% -32.78% 2.07% 8.08% 115.22% 58.62% 123.08% -69.77% -21.82% -17.91% 0.0% -8.22% 19.67% 45.24% 2.44% 28.13% -53.62%
% of Gross Profit 3.75% 3.35% 7.32% 6.63% 11.84% 20.63% 6.28% 3.74% 14.58% 16.47% 17.09% 10.55% 11.15% 16.31% 10.53% 8.65% 7.6% 18.85%
Depreciation & Amortization $5.348M $6.088M $4.642M $5.260M $3.500M $650.0K $240.0K $230.0K $160.0K $160.0K $180.0K $220.0K $250.0K $290.0K $250.0K $260.0K $410.0K $440.0K
YoY Change -12.15% 31.17% -11.76% 50.29% 438.46% 170.83% 4.35% 43.75% 0.0% -11.11% -18.18% -12.0% -13.79% 16.0% -3.85% -36.59% -6.82%
% of Gross Profit 29.53% 27.77% 31.1% 32.57% 41.87% 29.15% 5.19% 6.61% 5.42% 4.79% 4.59% 3.46% 3.82% 7.75% 6.27% 5.49% 9.74% 12.02%
Operating Expenses $28.72M $25.26M $33.35M $18.09M $12.07M $6.800M $5.410M $4.340M $3.740M $4.380M $5.160M $6.470M $6.370M $5.350M $4.760M $4.850M $4.950M $4.690M
YoY Change 13.7% -24.25% 84.35% 49.88% 77.5% 25.69% 24.65% 16.04% -14.61% -15.12% -20.25% 1.57% 19.07% 12.39% -1.86% -2.02% 5.54%
Operating Profit -$10.61M -$3.335M -$18.43M -$1.940M -$3.710M -$4.570M -$790.0K -$860.0K -$790.0K -$1.040M -$1.240M -$120.0K $180.0K -$1.610M -$770.0K -$110.0K -$740.0K -$1.030M
YoY Change 218.16% -81.9% 849.78% -47.71% -18.82% 478.48% -8.14% 8.86% -24.04% -16.13% 933.33% -166.67% -111.18% 109.09% 600.0% -85.14% -28.16%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Interest Expense -$3.014M $1.053M -$952.2K -$6.020M -$2.690M -$360.0K -$180.0K -$120.0K $50.00K -$70.00K $20.00K -$10.00K -$70.00K -$110.0K -$70.00K -$80.00K -$330.0K -$90.00K
YoY Change -386.34% -210.55% -84.18% 123.79% 647.22% 100.0% 50.0% -340.0% -171.43% -450.0% -300.0% -85.71% -36.36% 57.14% -12.5% -75.76% 266.67%
% of Operating Profit -38.89%
Other Income/Expense, Net $234.4K $1.983M $12.00K -$1.300M $0.00 $0.00 -$10.00K $0.00
YoY Change -88.18% 16424.0% -100.92% -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Pretax Income -$14.50M -$9.316M -$18.74M -$12.09M -$4.430M -$6.060M -$970.0K -$990.0K -$820.0K -$1.120M -$1.430M -$130.0K $110.0K -$2.520M -$840.0K -$220.0K -$880.0K -$1.160M
YoY Change 55.66% -50.28% 54.96% 172.91% -26.9% 524.74% -2.02% 20.73% -26.79% -21.68% 1000.0% -218.18% -104.37% 200.0% 281.82% -75.0% -24.14%
Income Tax -$169.2K -$609.6K $943.7K -$940.0K $100.0K $10.00K -$120.0K -$40.00K -$30.00K -$30.00K -$80.00K $120.0K $30.00K -$10.00K $10.00K $40.00K $30.00K -$30.00K
% Of Pretax Income 27.27%
Net Earnings -$14.33M -$8.706M -$19.68M -$11.15M -$4.520M -$6.070M -$850.0K -$950.0K -$790.0K -$940.0K -$1.030M -$250.0K $80.00K -$2.500M -$850.0K -$270.0K -$910.0K -$1.130M
YoY Change 64.61% -55.76% 76.49% 146.68% -25.54% 614.12% -10.53% 20.25% -15.96% -8.74% 312.0% -412.5% -103.2% 194.12% 214.81% -70.33% -19.47%
Net Earnings / Revenue -34.93% -18.99% -63.38% -35.12% -19.97% -60.1% -7.25% -11.01% -10.21% -9.82% -9.84% -1.58% 0.52% -21.08% -8.55% -2.41% -7.94% -11.37%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.38 -$0.28 -$744.0K -$616.7K -$488.6K -$750.3K -$118.9K -$154.0K -$161.9K -$206.6K -$226.4K -$55.07K $17.62K -$599.5K -$205.3K -$67.67K -$249.3K -$313.9K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Cash & Short-Term Investments $1.622M $1.658M $10.58M $16.84M $1.710M $1.920M $4.110M $1.930M $970.0K $380.0K $740.0K $1.140M $1.610M $380.0K $360.0K $800.0K $320.0K $530.0K
YoY Change -2.16% -84.34% -37.15% 884.8% -10.94% -53.28% 112.95% 98.97% 155.26% -48.65% -35.09% -29.19% 323.68% 5.56% -55.0% 150.0% -39.62%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $1.636M $2.051M $2.055M $250.0K $180.0K $160.0K $80.00K $110.0K $70.00K $140.0K $70.00K $110.0K $120.0K $110.0K $90.00K $70.00K $90.00K $110.0K
YoY Change -20.2% -0.2% 721.92% 38.89% 12.5% 100.0% -27.27% 57.14% -50.0% 100.0% -36.36% -8.33% 9.09% 22.22% 28.57% -22.22% -18.18%
Inventory $29.15K $37.81K $49.56K $50.00K $60.00K $60.00K $70.00K $60.00K $40.00K $0.00 $0.00 $10.00K $10.00K $10.00K $20.00K $70.00K $60.00K $30.00K
Prepaid Expenses
Receivables $3.600M $4.557M $4.107M $4.110M $3.170M $3.020M $2.180M $1.000M $1.200M $1.130M $1.100M $2.010M $1.310M $1.700M $1.490M $1.450M $1.080M $1.300M
Other Receivables $783.0K $853.3K $1.487M $370.0K $0.00 $0.00 $0.00 $0.00 $100.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $80.00K $0.00
Total Short-Term Assets $7.670M $9.156M $18.28M $21.62M $5.130M $5.170M $6.450M $3.100M $2.390M $1.660M $1.920M $3.260M $3.050M $2.200M $1.960M $2.380M $1.610M $1.960M
YoY Change -16.23% -49.92% -15.44% 321.44% -0.77% -19.84% 108.06% 29.71% 43.98% -13.54% -41.1% 6.89% 38.64% 12.24% -17.65% 47.83% -17.86%
Property, Plant & Equipment $1.662M $2.491M $1.595M $530.0K $760.0K $110.0K $170.0K $150.0K $210.0K $330.0K $630.0K $710.0K $740.0K $880.0K $750.0K $630.0K $900.0K $890.0K
YoY Change -33.26% 56.11% 201.03% -30.26% 590.91% -35.29% 13.33% -28.57% -36.36% -47.62% -11.27% -4.05% -15.91% 17.33% 19.05% -30.0% 1.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $185.7K $1.119M $768.8K $1.480M $370.0K $410.0K $480.0K $340.0K $290.0K $1.000M $400.0K $380.0K $400.0K $430.0K $350.0K $250.0K $340.0K $320.0K
YoY Change -83.4% 45.53% -48.06% 300.0% -9.76% -14.58% 41.18% 17.24% -71.0% 150.0% 5.26% -5.0% -6.98% 22.86% 40.0% -26.47% 6.25%
Total Long-Term Assets $22.01M $26.39M $29.41M $21.10M $15.64M $16.16M $3.300M $1.930M $1.560M $2.020M $2.480M $2.720M $2.730M $2.920M $3.280M $2.650M $3.420M $3.280M
YoY Change -16.61% -10.27% 39.38% 34.91% -3.22% 389.7% 70.98% 23.72% -22.77% -18.55% -8.82% -0.37% -6.51% -10.98% 23.77% -22.51% 4.27%
Total Assets $29.68M $35.54M $47.69M $42.72M $20.77M $21.33M $9.750M $5.030M $3.950M $3.680M $4.400M $5.980M $5.780M $5.120M $5.240M $5.030M $5.030M $5.240M
YoY Change
Accounts Payable $6.269M $5.938M $5.693M $5.310M $3.070M $4.460M $1.180M $730.0K $720.0K $920.0K $930.0K $1.090M $930.0K $1.150M $1.520M $1.250M $1.670M $1.420M
YoY Change 5.58% 4.3% 7.21% 72.96% -31.17% 277.97% 61.64% 1.39% -21.74% -1.08% -14.68% 17.2% -19.13% -24.34% 21.6% -25.15% 17.61%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $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 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $503.2K $9.122M $1.398M $1.600M $3.750M $4.450M $40.00K $20.00K $550.0K $680.0K $300.0K $80.00K $150.0K $1.770M $190.0K $650.0K $1.470M $1.180M
YoY Change -94.48% 552.68% -12.65% -57.33% -15.73% 11025.0% 100.0% -96.36% -19.12% 126.67% 275.0% -46.67% -91.53% 831.58% -70.77% -55.78% 24.58%
Total Short-Term Liabilities $8.854M $17.17M $10.29M $8.490M $7.960M $10.08M $2.780M $2.140M $2.260M $2.320M $1.860M $2.100M $1.870M $3.820M $2.000M $2.090M $3.310M $2.800M
YoY Change -48.44% 66.83% 21.24% 6.66% -21.03% 262.59% 29.91% -5.31% -2.59% 24.73% -11.43% 12.3% -51.05% 91.0% -4.31% -36.86% 18.21%
Long-Term Debt $13.47M $738.4K $12.90M $12.38M $10.49M $8.440M $40.00K $80.00K $100.0K $80.00K $170.0K $120.0K $110.0K $180.0K $490.0K $70.00K $620.0K $760.0K
YoY Change 1723.82% -94.28% 4.2% 18.02% 24.29% 21000.0% -50.0% -20.0% 25.0% -52.94% 41.67% 9.09% -38.89% -63.27% 600.0% -88.71% -18.42%
Other Long-Term Liabilities $1.180M $1.122M $1.210M $2.010M $100.0K $70.00K $80.00K $10.00K $70.00K $80.00K $110.0K $160.0K $210.0K $220.0K $0.00 $10.00K $30.00K $50.00K
YoY Change 5.16% -7.25% -39.82% 1910.0% 42.86% -12.5% 700.0% -85.71% -12.5% -27.27% -31.25% -23.81% -4.55% -100.0% -66.67% -40.0%
Total Long-Term Liabilities $14.65M $1.860M $14.11M $14.39M $10.59M $8.510M $120.0K $90.00K $170.0K $160.0K $280.0K $280.0K $320.0K $400.0K $490.0K $80.00K $650.0K $810.0K
YoY Change 687.37% -86.82% -1.95% 35.88% 24.44% 6991.67% 33.33% -47.06% 6.25% -42.86% 0.0% -12.5% -20.0% -18.37% 512.5% -87.69% -19.75%
Total Liabilities $23.50M $19.90M $25.60M $22.93M $18.56M $18.62M $2.990M $2.300M $2.520M $2.470M $2.140M $2.380M $2.190M $4.210M $2.490M $2.160M $3.970M $3.610M
YoY Change 18.08% -22.27% 11.65% 23.55% -0.32% 522.74% 30.0% -8.73% 2.02% 15.42% -10.08% 8.68% -47.98% 69.08% 15.28% -45.59% 9.97%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $10.068 Million

About VIQ Solutions Inc.

VIQ Solutions, Inc. engages in the provision of artificial intelligence driven digital voice and video capture technology and transcription solutions. The company is headquartered in Mississauga, Ontario and currently employs 334 full-time employees. The company went IPO on 2005-02-28. The firm's modular software allows customers to integrate the platform at any stage of their organization's digitization, from the capture of digital content from video and audio devices through to online collaboration, mobility, data analytics, and integration with sensors, facial recognition, speech recognition and case management or patient record systems. The company provides services to various industries, such as courts, law firms, law enforcement, insurance, government, corporate and finance, media broadcasting and transcription companies. The firm's solutions include CapturePro, CapturePro Mobile, MobileMic Pro, NetScribe, aiAssist, FirstDraft, Carbon, Lexel and AccessPoint. Its CapturePro solution captures, manages and shares official court records, police interrogations or insurance investigations.

Industry: Services-Computer Programming, Data Processing, Etc. Peers: Skkynet Cloud Systems, Inc.