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VIQ Solutions Inc. - VQS STOCK NEWS

Welcome to our dedicated page for VIQ Solutions news (Ticker: VQS), a resource for investors and traders seeking the latest updates and insights on VIQ Solutions stock.

VIQ Solutions Inc. (VQS) delivers mission-critical digital recording systems to courts, law enforcement, and government agencies worldwide. This news hub provides investors and industry professionals with essential updates about the company's technological advancements, financial performance, and market position.

Key resources include official earnings releases, partnership announcements, and product innovation timelines. Track developments in secure evidence management systems, regulatory compliance updates, and operational expansions across 20+ countries.

Regular updates cover strategic client acquisitions, technology certifications, and efficiency improvements for legal workflows. Discover how VQS maintains its leadership through R&D investments and large-scale data management solutions trusted by 2,500+ organizations.

Bookmark this page for structured access to VIQ Solutions' verified announcements. Monitor evolving trends in digital transcription services and secure collaboration platforms without promotional bias.

Rhea-AI Summary
VIQ Solutions Inc. received a final delisting notice from Nasdaq due to failure to satisfy the minimum bid price requirement. The company will not appeal the decision and trading of its common shares will be suspended on October 5th, 2023. The delisting may have a material adverse effect on the liquidity and trading price of its common shares.
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Rhea-AI Summary
VIQ Solutions Inc. reports Q2 2023 unaudited financial results with revenue growth of 5% sequentially from the previous quarter. Despite delays in new contracts and negative foreign exchange impact, revenues increased by 3.6% YoY. The company expects gains in gross margins and a path to positive adjusted EBITDA in the second half of 2023. Operational highlights include record net new organic bookings, patent applications, new partnerships, and recognition in the Data Protection category of the 2023 Fortress Cyber Security awards. Financial highlights include a decrease in revenue of $1.8 million, gross profit of $4.6 million, and a net loss of $3.6 million. Adjusted EBITDA deficit increased due to decreased gross profit but offset by decreased selling and administrative expenses.
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Rhea-AI Summary
VIQ Solutions Inc. (VQS) Closes Oversubscribed Private Placement, Raises US$1,798,000 for AI Model Development
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Rhea-AI Summary
VIQ Solutions announces a subsequent advance of US$1 million under its senior secured loan with Beedie Investments Ltd. The company intends to use the funds for a restructuring plan expected to yield between US$2M and US$2.5M in reduced expenses over the next 12 months.
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VIQ Solutions Inc.

Nasdaq:VQS

VQS Rankings

VQS Stock Data

5.78M
28.42M
22.5%
2.53%
0.45%
Software - Application
Technology
Link
Canada
Mississauga