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VIQ Solutions Inc T.VQS

Alternate Symbol(s):  VQSSF

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

Post by homer111on May 11, 2023 11:37am
171 Views
Post# 35443276

CC

CCThe CC was reassuring, given the drop in revenue in Q1 '23 - they confirmed that the drop was mainly (over 80%) due to converting big Australia client and that they expect to retrun to year-over-year revenue growth (and margin imrpovement) in Q2 and beyond. Sounds like they're expecting larger revenue growth in Q3 & Q4 but it does sound promising (talking about 'hockey stick' like growth in future quarters). 

they've also taken upon an operating cost reduction, which has taken place in the US and Europe and will next look at Australia (where over 60% of their court revenues come from). Sounds like with AI, we can expect further cost reductions and margin improvement. 

the waiting is the hardest part 

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