VIQ Solutions Inc. (VQS) Financials

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$60M$60M$40M$40M$20M$20M$0$0-$20M-$20MEarning201620162017201720182018201920192020202020212021202220220%0%-20%-20%-40%-40%-60%-60%-80%-80%Profit Margin
Profit Margin
Revenue
Earnings

VQS Income statement / Annual

Last year (2022), VIQ Solutions Inc.'s total revenue was $45.84 M, an increase of 47.66% from the previous year. In 2022, VIQ Solutions Inc.'s net income was -$8.71 M. See VIQ Solutions Inc.,s key income statements, including revenue, expenses, profit, and income.

Period FY-2022 FY-2021 FY-2020 FY-2019 FY-2018 FY-2017 FY-2016 FY-2015 FY-2014 FY-2013
Period Ended 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Operating Revenue $45.84 M $31.05 M $31.75 M $25.10 M $11.46 M $11.73 M $8.50 M $7.13 M $9.10 M $11.93 M
Cost of Revenue $23.92 M $16.12 M $15.60 M $14.28 M $7.87 M $7.11 M $5.07 M $4.41 M $5.92 M $7.29 M
Gross Profit $21.93 M $14.92 M $16.15 M $10.82 M $3.59 M $4.62 M $3.43 M $2.72 M $3.18 M $4.65 M
Gross Profit Ratio 0.48 0.48 0.51 0.43 0.31 0.39 0.4 0.38 0.35 0.39
Research and Development Expenses $734.12 K $1.09 M $1.07 M $994.64 K $458.68 K $292.73 K $125.99 K $393.67 K $527.93 K $648.88 K
General & Administrative Expenses $27.31 M $27.61 M $11.76 M $9.15 M $5.50 M $4.88 M $4.14 M $3.12 M $0.00 $0.00
Selling & Marketing Expenses $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Selling, General & Administrative Expenses $27.31 M $27.61 M $11.76 M $9.15 M $5.50 M $4.88 M $4.14 M $3.12 M $3.64 M $4.87 M
Other Expenses $6.09 M $4.64 M $5.26 M $3.50 M -$186.44 K $923.00 $0.00 $0.00 $0.00 $0.00
Operating Expenses $34.13 M $33.35 M $18.09 M $13.65 M $6.61 M $5.41 M $4.27 M $3.51 M $4.17 M $5.52 M
Cost And Expenses $58.05 M $49.47 M $33.69 M $27.92 M $14.48 M $12.52 M $9.35 M $7.92 M $10.09 M $12.80 M
Interest Income $0.00 $0.00 $0.00 $1.34 K $2.29 K $2.65 K $3.66 K $5.45 K $11.03 K $24.63 K
Interest Expense $2.28 M $2.30 M $6.15 M $2.47 M $162.63 K $7.30 K $54.73 K $75.80 K $80.59 K $35.26 K
Depreciation & Amortization $6.09 M $4.64 M $5.26 M $3.50 M $648.87 K $237.98 K $231.60 K $130.19 K $155.71 K $187.24 K
EBITDA -$5.56 M -$13.53 M $519.99 K $2.25 M -$2.56 M -$548.09 K -$687.22 K -$662.66 K -$822.24 K -$642.10 K
EBITDA Ratio -0.12 -0.44 0.02 0.09 -0.22 -0.05 -0.08 -0.09 -0.09 -0.05
Operating Income Ratio -0.25 -0.59 -0.15 -0.05 -0.51 -0.07 0.1 0.11 0.11 0.09
Total Other Income/Expenses Net $2.34 M -$563.97 K -$7.35 M -$3.17 M -$162.63 K -$184.36 K -$1.82 M -$1.54 M -$2.05 M -$2.15 M
Income Before Tax -$9.32 M -$18.74 M -$12.09 M -$4.43 M -$6.06 M -$970.43 K -$973.55 K -$752.90 K -$1.06 M -$1.07 M
Income Before Tax Ratio -0.2 -0.6 -0.38 -0.18 -0.53 -0.08 -0.11 -0.11 -0.12 -0.09
Income Tax Expense -$609.62 K $943.73 K -$944.03 K $99.16 K $11.57 K -$119.32 K -$36.40 K -$28.70 K -$27.02 K -$72.70 K
Net Income -$8.71 M -$19.68 M -$11.15 M -$4.52 M -$6.07 M -$851.12 K -$937.15 K -$724.20 K -$894.39 K -$999.65 K
Net Income Ratio -0.19 -0.63 -0.35 -0.18 -0.53 -0.07 -0.11 -0.1 -0.1 -0.08
EPS -0.28 -0.74 -0.62 -0.46 -0.75 -0.0059 -0.0076 -0.0074 -0.0098 -0.011
EPS Diluted -0.28 -0.74 -0.62 -0.46 -0.75 -0.0059 -0.0076 -0.0074 -0.0098 -0.011
Weighted Average Shares Out $31.65 M $26.45 M $18.08 M $9.75 M $8.09 M $143.05 M $123.45 M $97.67 M $90.96 M $90.96 M
Weighted Average Shares Out Diluted $31.65 M $26.45 M $18.08 M $9.75 M $8.09 M $143.05 M $123.45 M $97.67 M $90.96 M $90.96 M
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