VIQ Solutions Inc T.VQS

Alternate Symbol(s): VQSSF

Technology Software - Application

VIQ Solutions Inc. is a Canada-based global provider of secure, artificial intelligence (AI)-driven, digital voice and video capture technology and transcription services. The Company offers comprehensive solution suite that delivers intelligent automation, enhanced with human review, to drive transformation in the way content is captured, secured, and repurposed into actionable information. The cyber-secure, AI technology and services platform are implemented in the rigid security environments including criminal justice, legal, insurance, government, corporate finance, media, and transcription service provider markets, enabling them to improve the quality and accessibility of evidence, to easily identify predictive insights. Its proprietary AI models and supervised learnings are built and trained on large set of specialized industry and client specific content not publicly available to large language models. It has operations in the United States, Canada, Australia, and Europe.

TSX:VQS - Post by User

VIQ Solutions Inc > diluting shareholders further

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Comment by Akaribotoon Jul 19, 2022 9:09pm

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Post# 34835983

RE:RE:RE:RE:RE:RE:RE:RE:diluting shareholders further

Yea. They used like half of the proceeds from that offering to acquire Auscript.
Then they repaid $4.2m in high interest debt.
I expect they're still incurring integration expenses and would be burning cash but we can see that the cash burn isn't so bad ($893k for the mrq). Labor is also expensive and they need transcriptionists to meet customer needs.

So even if they're poised to capture more market share, these things take time andd they may need some cash in the short term. No one knows how long this downturn will last and there are recession fears.

I also don't think institutional investors would just throw money away.
But I agree with that other poster that there are probably better opportunities out there.

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