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VIQ Solutions

TSXV:VQS
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VQS
TSXV
CA$22M
Market Cap
  1. Home
  2. CA
  3. Software
Company description

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. The last earnings update was 145 days ago. More info.


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VQS Share Price and Events
7 Day Returns
4.2%
TSXV:VQS
0.4%
CA IT
0.6%
CA Market
1 Year Returns
-51.9%
TSXV:VQS
21.9%
CA IT
3.4%
CA Market
VQS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
VIQ Solutions (VQS) 4.2% 4.2% -3.8% -51.9% 8.7% 92.3%
CA IT 0.4% 4.9% 10% 21.9% 58.4% 149.1%
CA Market 0.6% 2.7% 8.3% 3.4% 15.7% 7.1%
1 Year Return vs Industry and Market
  • VQS underperformed the IT industry which returned 21.9% over the past year.
  • VQS underperformed the Market in Canada which returned 3.4% over the past year.
Price Volatility
VQS
Industry
5yr Volatility vs Market
Related Companies

Value

 Is VIQ Solutions undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for VIQ Solutions. This is due to cash flow or dividend data being unavailable. The share price is CA$0.125.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for VIQ Solutions's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are VIQ Solutions's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:VQS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.01
TSXV:VQS Share Price ** TSXV (2019-04-23) in CAD CA$0.13
TSXV:VQS Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.745 $0.09
North America IT Industry PE Ratio Median Figure of 80 Publicly-Listed IT Companies 31.13x
Canada Market PE Ratio Median Figure of 557 Publicly-Listed Companies 14.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of VIQ Solutions.

TSXV:VQS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:VQS Share Price ÷ EPS (both in USD)

= 0.09 ÷ -0.01

-6.78x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VIQ Solutions is loss making, we can't compare its value to the North America IT industry average.
  • VIQ Solutions is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does VIQ Solutions's expected growth come at a high price?
Raw Data
TSXV:VQS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America IT Industry PEG Ratio Median Figure of 66 Publicly-Listed IT Companies 2.64x
Canada Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for VIQ Solutions, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on VIQ Solutions's assets?
Raw Data
TSXV:VQS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $0.03
TSXV:VQS Share Price * TSXV (2019-04-23) in CAD CA$0.13
TSXV:VQS Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.745 $0.09
Canada IT Industry PB Ratio Median Figure of 25 Publicly-Listed IT Companies 1.95x
Canada Market PB Ratio Median Figure of 2,380 Publicly-Listed Companies 1.51x
TSXV:VQS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:VQS Share Price ÷ Book Value per Share (both in USD)

= 0.09 ÷ 0.03

2.69x

* Primary Listing of VIQ Solutions.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VIQ Solutions is overvalued based on assets compared to the CA IT industry average.
X
Value checks
We assess VIQ Solutions's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. VIQ Solutions has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is VIQ Solutions expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as VIQ Solutions has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7%
Expected IT industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is VIQ Solutions expected to grow at an attractive rate?
  • Unable to compare VIQ Solutions's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare VIQ Solutions's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare VIQ Solutions's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:VQS Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada IT Industry Earnings Growth Rate Market Cap Weighted Average 7%
Canada IT Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:VQS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:VQS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSXV:VQS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 12 -2 -2
2018-06-30 12 -1 -1
2018-03-31 12 -2 -1
2017-12-31 12 -1 -1
2017-09-30 11 0 0
2017-06-30 10 0 0
2017-03-31 10 0 -1
2016-12-31 9 0 -1
2016-09-30 9 -1 -1
2016-06-30 8 -1 -1
2016-03-31 8 -1 -1
2015-12-31 7 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if VIQ Solutions is high growth as no earnings estimate data is available.
  • Unable to determine if VIQ Solutions is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:VQS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from VIQ Solutions Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:VQS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSXV:VQS Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.01
2015-12-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if VIQ Solutions will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine VIQ Solutions's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. VIQ Solutions's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Software companies here
  3. VIQ Solutions's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess VIQ Solutions's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
VIQ Solutions has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has VIQ Solutions performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare VIQ Solutions's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • VIQ Solutions does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare VIQ Solutions's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare VIQ Solutions's 1-year growth to the North America IT industry average as it is not currently profitable.
Earnings and Revenue History
VIQ Solutions's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from VIQ Solutions Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:VQS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 11.76 -2.19 5.80 0.43
2018-06-30 11.93 -1.38 5.36 0.39
2018-03-31 11.85 -0.84 4.90 0.38
2017-12-31 11.73 -0.85 4.88 0.29
2017-09-30 11.26 0.12 3.81 0.00
2017-06-30 10.25 -0.41 4.10 0.04
2017-03-31 9.53 -0.64 4.14 0.08
2016-12-31 8.63 -0.95 3.97 0.13
2016-09-30 8.92 -0.91 4.17 0.31
2016-06-30 8.50 -0.69 3.69 0.34
2016-03-31 7.74 -0.82 3.33 0.38
2015-12-31 7.13 -0.75 3.07 0.39
2015-09-30 7.12 -1.07 3.04 0.54
2015-06-30 7.97 -1.23 3.39 0.58
2015-03-31 8.22 -1.05 3.39 0.54
2014-12-31 9.12 -1.04 3.65 0.53
2014-09-30 7.65 -1.34 3.34 0.54
2014-06-30 8.21 -1.31 3.63 0.57
2014-03-31 8.59 -1.53 3.88 0.57
2013-12-31 10.15 -1.32 4.35 0.65
2013-09-30 14.02 -0.71 5.35 0.64
2013-06-30 14.70 -0.47 5.44 0.63
2013-03-31 15.51 -0.24 5.66 0.66
2012-12-31 15.89 -0.25 5.82 0.67
2012-09-30 15.30 -0.70 5.79 0.75
2012-06-30 14.48 -0.74 5.57 0.68

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if VIQ Solutions has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if VIQ Solutions has efficiently used its assets last year compared to the North America IT industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if VIQ Solutions improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess VIQ Solutions's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
VIQ Solutions has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is VIQ Solutions's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up VIQ Solutions's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • VIQ Solutions is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • VIQ Solutions's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of VIQ Solutions's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 56.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from VIQ Solutions Company Filings, last reported 6 months ago.

TSXV:VQS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 5.59 0.07 1.18
2018-06-30 6.08 0.06 2.25
2018-03-31 6.71 0.07 2.82
2017-12-31 6.76 0.08 4.11
2017-09-30 4.05 0.12 0.94
2017-06-30 3.12 0.11 0.92
2017-03-31 2.95 0.11 1.43
2016-12-31 2.73 0.03 1.93
2016-09-30 1.26 0.35 0.36
2016-06-30 1.40 0.37 0.64
2016-03-31 1.43 0.60 0.92
2015-12-31 1.42 0.64 0.97
2015-09-30 1.20 0.73 1.04
2015-06-30 0.65 0.81 0.72
2015-03-31 0.95 0.40 0.52
2014-12-31 1.21 0.76 0.39
2014-09-30 1.74 0.84 0.84
2014-06-30 2.12 0.91 0.78
2014-03-31 2.24 0.44 0.63
2013-12-31 2.26 0.47 0.74
2013-09-30 2.75 0.34 1.06
2013-06-30 2.93 0.15 1.34
2013-03-31 3.69 0.18 1.53
2012-12-31 3.58 0.20 1.13
2012-09-30 3.67 0.28 1.56
2012-06-30 3.59 0.23 1.61
  • VIQ Solutions's level of debt (1.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (12.6% vs 1.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • VIQ Solutions has less than a year of cash runway based on current free cash flow.
  • VIQ Solutions has less than a year of cash runway if free cash flow continues to grow at historical rates of 54.3% each year.
X
Financial health checks
We assess VIQ Solutions's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. VIQ Solutions has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is VIQ Solutions's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from VIQ Solutions dividends.
If you bought CA$2,000 of VIQ Solutions shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate VIQ Solutions's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate VIQ Solutions's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:VQS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
North America IT Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 1.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSXV:VQS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as VIQ Solutions has not reported any payouts.
  • Unable to verify if VIQ Solutions's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of VIQ Solutions's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as VIQ Solutions has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess VIQ Solutions's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can VIQ Solutions afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. VIQ Solutions has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of VIQ Solutions's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sebastien Pare
COMPENSATION $347,200
TENURE AS CEO 4.3 years
CEO Bio

Mr. Sebastien Pare has been the Chief Executive Officer and President of VIQ Solutions Inc. since January 2015 and August 1, 2014 respectively. Mr. Pare has over 17 years of diverse and valuable experience from the technology industry, including marketing and product strategy, strategic planning, new business development, operations management, technology leadership and merger and acquisitions experience. Mr. Paré is a leading expert on digital eServices and enterprise automation for public sector agencies around the world. He worked in North America, the Caribbean, the Middle East and West Africa. In his most recent position, he was President and Chief Operating Officer of an enterprise technology platform company dedicated to public sector digital services in a number of market sectors including courts, justice, law enforcement and healthcare on a worldwide basis. Mr. Pare is a leading expert on digital eServices and enterprise automation for public sector agencies around the world. He has worked in North America, the Caribbean, the Middle East and West Africa. In his most recent position, he was President and Chief Operating Officer of an enterprise technology platform company dedicated to public sector digital services in a number of market sectors including courts, justice, law enforcement and healthcare on a worldwide basis. He held key management roles in professional and advisory services and sales and product positions in public and private sectors in North America and in the Middle East. He has been a Director of VIQ Solutions Inc. since February 1, 2015. Mr. Pare received a Bachelor of Science from the University of Quebec at Montreal and a Master of Science from the University of British Columbia.

CEO Compensation
  • Sebastien 's compensation has been consistent with company performance over the past year.
  • Sebastien 's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the VIQ Solutions management team in years:

0.4
Average Tenure
  • The average tenure for the VIQ Solutions management team is less than 2 years, this suggests a new team.
Management Team

Sebastien Pare

TITLE
President
COMPENSATION
$347K
TENURE
4.3 yrs

Malcolm MacAllum

TITLE
Chief Innovation Officer
COMPENSATION
$204K
TENURE
0.3 yrs

Susan Sumner

TITLE
Chief Operating Officer
TENURE
0.6 yrs

Mike May

TITLE
Chief Technology Officer

Gilles-André Morin

TITLE
Chief Information Officer
TENURE
0.3 yrs

Daryl Duda

TITLE
Vice President of Sales & Business Development
TENURE
2.6 yrs

Laura Haggard

TITLE
Chief Marketing Officer
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure of the VIQ Solutions board of directors in years:

3.3
Average Tenure
  • The tenure for the VIQ Solutions board of directors is about average.
Board of Directors

Larry Taylor

TITLE
Chairman of the Board

Sebastien Pare

TITLE
President
COMPENSATION
$347K
TENURE
4.2 yrs

Joe Quarin

TITLE
Independent Director
AGE
52
TENURE
2.4 yrs

Harvey Gordon

TITLE
Director
AGE
68
TENURE
4.8 yrs

Mike Kessel

TITLE
Director
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by VIQ Solutions insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
16. Apr 19 Buy Larry Taylor Individual 16. Apr 19 16. Apr 19 28,500 CA$0.12 CA$3,420
05. Feb 19 Buy Larry Taylor Individual 05. Feb 19 05. Feb 19 10,000 CA$0.13 CA$1,250
23. Jan 19 Buy Larry Taylor Individual 23. Jan 19 23. Jan 19 10,000 CA$0.14 CA$1,380
18. Nov 18 Buy Larry Taylor Individual 15. Nov 18 15. Nov 18 2,000 CA$0.15 CA$300
13. Oct 18 Buy Larry Taylor Individual 10. Oct 18 10. Oct 18 50,500 CA$0.20 CA$10,100
05. Oct 18 Buy Larry Taylor Individual 05. Oct 18 05. Oct 18 5,500 CA$0.18 CA$990
04. Oct 18 Buy Larry Taylor Individual 04. Oct 18 04. Oct 18 51,500 CA$0.18 CA$9,265
23. Sep 18 Buy Joseph Quarin Individual 21. Sep 18 21. Sep 18 100,000 CA$0.15 CA$14,500
13. Sep 18 Buy Larry Taylor Individual 12. Sep 18 12. Sep 18 4,000 CA$0.12 CA$480
11. Sep 18 Buy Larry Taylor Individual 11. Sep 18 11. Sep 18 6,000 CA$0.13 CA$745
20. Aug 18 Buy Larry Taylor Individual 20. Aug 18 20. Aug 18 50,000 CA$0.15 CA$7,500
09. Aug 18 Buy Larry Taylor Individual 09. Aug 18 09. Aug 18 6,000 CA$0.18 CA$1,050
25. Jul 18 Buy Larry Taylor Individual 25. Jul 18 25. Jul 18 25,000 CA$0.19 CA$4,625
24. Jul 18 Buy Larry Taylor Individual 24. Jul 18 24. Jul 18 60,000 CA$0.19 CA$11,100
20. Jul 18 Buy Larry Taylor Individual 20. Jul 18 20. Jul 18 55,000 CA$0.20 CA$10,725
25. Jun 18 Buy Larry Taylor Individual 22. Jun 18 22. Jun 18 5,000 CA$0.21 CA$1,050
22. Jun 18 Buy Joseph Quarin Individual 20. Jun 18 22. Jun 18 112,500 CA$0.23 CA$25,624
19. Jun 18 Buy Larry Taylor Individual 19. Jun 18 19. Jun 18 2,000 CA$0.22 CA$440
06. Jun 18 Buy Sebastien Pare Individual 06. Jun 18 06. Jun 18 605,500 CA$0.22 CA$133,210
24. May 18 Buy Larry Taylor Individual 24. May 18 24. May 18 24,500 CA$0.20 CA$4,900
22. May 18 Buy Larry Taylor Individual 22. May 18 22. May 18 4,000 CA$0.21 CA$820
25. Apr 18 Buy Larry Taylor Individual 25. Apr 18 25. Apr 18 2,000 CA$0.24 CA$480
X
Management checks
We assess VIQ Solutions's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. VIQ Solutions has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Why VIQ Solutions Inc.'s (CVE:VQS) CEO Pay Matters To You

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Sebastien Pare's Compensation Compare With Similar Sized Companies. … has a market capitalization of CA$23m, and pays its CEO total annual compensation worth US$347k.

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What Kind Of Shareholders Own VIQ Solutions Inc. (CVE:VQS)?

The big shareholder groups in VIQ Solutions Inc. … VIQ Solutions is not a large company by global standards. … It has a market capitalization of CA$24m, which means it wouldn't have the attention of many institutional investors.

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Who Are VIQ Solutions Inc's (CVE:VQS) Major Shareholders?

Today, I will be analyzing VIQ Solutions Inc’s (CVE:VQS) recent ownership structure, an important but not-so-popular subject among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … Therefore, it is beneficial for us to examine VQS's ownership structure in more detail.

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Is VIQ Solutions Inc (CVE:VQS) A Financially Sound Company?

VIQ Solutions Inc (CVE:VQS) is a small-cap stock with a market capitalization of CA$37.13m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Companies operating in the IT industry,

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How Did VIQ Solutions Inc's (CVE:VQS) 1.47% ROE Fare Against The Industry?

Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of VIQ Solutions’s equity capital deployed. … ROE can be split up into three useful ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity TSXV:VQS Last Perf Mar 9th 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

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Who Owns Most Of VIQ Solutions Inc (TSXV:VQS)?

View our latest analysis for VIQ Solutions TSXV:VQS Ownership Summary Nov 1st 17 Institutional Ownership Institutional investors are one of the largest group of market participants and their buy-sell decisions on a company's stock can significantly impact prices, more so, when there are relatively small amounts of shares available on the market to trade. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Institutional ownership in VQS is not at a level that would concern investors.

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Company Info

Description

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 Transcription. The Technology segment develops, distributes, and licenses computer-based digital solutions based on its technology. The Transcription segment provides recording and transcription services. The company’s software captures digital content from audio/video source, and provides online collaboration, mobility, data analytics, and integration with sensors, facial recognition, speech recognition, and case management or patient record systems. VIQ Solutions Inc. also provides transcription services and reporting under the Spark & Cannon and Dataworxs Australia brand names in Australia. Its solutions are used in government and private agencies, including law enforcement, immigration, medical, legal, insurance, courts, transportation, and transcription service providers. VIQ Solutions Inc. was incorporated in 2004 and is headquartered in Mississauga, Canada.

Details
Name: VIQ Solutions Inc.
VQS
Exchange: TSXV
Founded: 2004
CA$21,853,815
174,830,523
Website: http://www.viqsolutions.com
Address: VIQ Solutions Inc.
5915 Airport Road,
Suite 700,
Mississauga,
Ontario, L4V 1T1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV VQS Common Shares TSX Venture Exchange CA CAD 28. Feb 2005
OTCPK VQSL.F Common Shares Pink Sheets LLC US USD 28. Feb 2005
DB VDU Common Shares Deutsche Boerse AG DE EUR 28. Feb 2005
Number of employees
Current staff
Staff numbers
0
VIQ Solutions employees.
Industry
Data Processing and Outsourced Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 23:58
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2018/04/24
Last earnings filing: 2018/11/29
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.