RE:RE:New Press Release - VIQ Solutions to Report Fourth Quarter and Full Year 2023 Financial Results on Wednesday, March 27, 2024 I too am not confident enough to hazard a guess but i'll re-iterate what investor reltaions said in early Feb:
"Company is going to report on Q4 and year end around March 27 next month. At that time, company will provide more recent updates that will likely help many long-term investors to sort through these rumors and better understanding where the company is at. It would enable you to assess the disconnect between the current stock value and fundamental value of the stock going forward given company foundation, industry trends, industry mergers and acquisitions lately, company’s value of its tech AI platform, global revenue asset and transformation of the revenue into mostly AI based revenue.
At this stage, given market conditions exceptionally harsh for most small cap public issuers at the moment, company understands the laser focus on returning ASAP to positive ebitda and free cash flow. I can assure you that these milestones are the sole focus of the company and detailed plans are being executed to make this a reality in the short term while protecting the completion of the tech AI migrations in Australia. The draw in December from the debt facility would have not gone through if such plans and actual trends in Q4 were not already well in progress. Cost reductions are one lever. Delisting from Nasdaq was another. The long-awaited migrations of Australia revenue to the company cloud AI Platform representing 50% of the company revenue expected to yield substantial gross margin gains like it did in USA and UK in 2022 and 2023 are other levers. There are more which will come up upon disclosures."