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 |
$734,115.00
|
$1.09 M
|
$1.07 M
|
$994,640.00
|
$458,675.00
|
$292,734.00
|
$125,985.00
|
$393,665.00
|
$527,933.00
|
$648,884.00
|
| 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
|
$19.12 M
|
$11.03 M
|
$8.95 M
|
$5.53 M
|
$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 |
-$186,444.00 |
$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 |
$1,340.00 |
$2,286.00 |
$2,651.00 |
$3,664.91 |
$5,453.67 |
$11,025.00 |
$24,633.00 |
| Interest Expense |
$2.28 M |
$2.30 M |
$6.15 M |
$2.47 M |
$162,626.00 |
$7,302.00 |
$54,730.00 |
$75,797.00 |
$80,585.00 |
$35,262.00 |
| Depreciation &
Amortization |
$6.09 M
|
$4.64 M
|
$5.26 M
|
$3.50 M
|
$648,873.00
|
$237,982.00
|
$231,602.00
|
$130,191.00
|
$155,709.00
|
$187,241.00
|
| EBITDA |
-$5.56 M
|
-$13.53 M
|
$519,990.00
|
$2.25 M
|
-$2.56 M
|
-$548,093.00
|
-$687,217.47
|
-$662,659.53
|
-$822,241.27
|
-$642,097.35
|
| 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
|
-$563,968.00
|
-$7.35 M
|
-$3.17 M
|
-$162,626.00
|
-$184,358.00
|
-$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 |
-$970,433.00 |
-$973,550.33 |
-$752,900.14 |
-$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 |
-$609,621.00 |
$943,727.00 |
-$944,032.00 |
$99,155.00 |
$11,571.00 |
-$119,316.00 |
-$36,396.85 |
-$28,703.82 |
-$27,023.93 |
-$72,695.51 |
| Net Income |
-$8.71 M |
-$19.68 M |
-$11.15 M |
-$4.52 M |
-$6.07 M |
-$851,117.00 |
-$937,153.49 |
-$724,196.33 |
-$894,387.78 |
-$999,649.69 |
| 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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