VIQ Solutions Inc.

OTCPK:VQSS.F Stock Report

Market Cap: US$5.6m

VIQ Solutions Balance Sheet Health

Financial Health criteria checks 2/6

VIQ Solutions has a total shareholder equity of $-11.3M and total debt of $18.8M, which brings its debt-to-equity ratio to -165.7%. Its total assets and total liabilities are $16.7M and $28.0M respectively. VIQ Solutions's EBIT is $1.5M making its interest coverage ratio 0.4. It has cash and short-term investments of $2.4M.

Key information

-165.74%

Debt to equity ratio

US$18.81m

Debt

Interest coverage ratio0.4x
CashUS$2.45m
Equity-US$11.35m
Total liabilitiesUS$28.04m
Total assetsUS$16.70m

Recent financial health updates

Recent updates

Seeking Alpha Aug 11

VIQ Solutions reports mixed Q2 earnings; reaffirms FY22 guidance

VIQ Solutions press release (NASDAQ:VQS): Q2 GAAP EPS of -$0.11 misses by $0.01. Revenue of $12.4M (+51.4% Y/Y) beats by $0.37M. Adjusted EBITDA was negative $0.7M versus a negative Adjusted EBITDA of $0.3M in the second quarter of 2021. VIQ is reaffirming its goals for 2022. Financial expectations include generating at least $50 million in revenue vs. consensus of $49.25M with an expected gross margin in the range of 47%-55%.
Seeking Alpha Jul 26

VIQ Solutions rallies on acquisition of AI-powered media platform 'Carbon'

VIQ Solutions (NASDAQ:VQS) told Tuesday that it has acquired AI-enabled media technology platform- Carbon - under media segment. Carbon is a cloud-based media content and text workflow platform that provides fast creation of indexed text, integration of multiple audio and video codecs, and captioned video/audio elements utilizing artificial intelligence, designed to cut production costs and timelines. VQS shares are up 8% in premarket trading, Tuesday. "The platform will bolster the offering and will transform how journalists work, creating a real-time and collaborative process to speed complex projects. This solution will accelerate revenue within the media segment and provide a foundation to expand this service offering to our core industries worldwide," said Susan Sumner, President and Chief Operating Officer, VIQ Solutions. Details of the transaction not disclosed. Earlier: VIQ Solutions to raise $4.8M in stock and warrants offering
Seeking Alpha Jul 19

VIQ Solutions to raise $4.8M in stock and warrants offering

VIQ Solutions (NASDAQ:VQS) entered into definitive agreements with a current U.S. institutional shareholder and a new U.S. institutional investor for the purchase and sale on a private placement of 3.55M shares and warrants leading to total gross proceeds of ~4.8M. Shares and accompanying warrants are being sold together at a combined offering price of $1.35 warrants have an exercise price of $1.39/share and are exercisable any time after Jan.21, 2023 and will expire five years post issuance date. Offer is expected to close on or about July 21, 2022. Net proceeds to be used for continuing development of product and service offerings, potential future acquisitions and general corporate purposes.

Financial Position Analysis

Short Term Liabilities: VQSS.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: VQSS.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: VQSS.F has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: VQSS.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


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.

Stable Cash Runway: Whilst unprofitable VQSS.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: VQSS.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 6.2% per year.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/15 05:52
End of Day Share Price 2026/05/11 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

VIQ Solutions Inc. is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jim ByrneAcumen Capital Finance Partners Limited
Scott BuckH.C. Wainwright & Co.
Marla MarinZacks Small-Cap Research