VIQ Reports Steady Growth and Profitable First Quarter Results
Selected Q1 2018 Highlights:
- Revenues increased 4.2% to $3.0 million from $2.9 million in Q1 2017.
- Year over year, software revenue increased by 6% and services by 3.1%.
- Significant development efforts on new artificial intelligence (ai) product aiAssistTM.
VIQ Solutions Inc. Reports Full Year 2017 Results
- Revenue increased by 36%
- Recurring revenue up 23% via transition to Artificial Intelligence and SaaS
“Fiscal 2017 was a transformational year for VIQ,” stated Sebastien Paré, VIQ President and CEO, and “The Company successfully established a strong foundation for our transition to SaaS and artificial intelligence-based revenue from its new products.”
Veteran Court Technology Executive to Lead Global Justice Initiatives
“Kurt brings a deep commitment of courts to our leadership team, along with more than a decade of proven success working with the world’s most innovative courts,” said Peter Kostandenou, CMO. “Kurt will focus on growing our core judicial business, increasing partnerships with courts, best-in-class AV integrators, and developing strategic alliances.”
VIQ Solutions Announces Important EMEA Business Expansion
“The EMEA region is proving it is the growth hub we anticipated. Our partners and clients throughout the region have welcomed VIQ’s advanced solutions which provide a secure platform meeting the increased demands of their growing businesses,” said Sebastien Paré, President and CEO of VIQ Solutions.
VIQ Announces Breakthrough Win with US Medical Trauma Center
“This breakthrough advances VIQ’s growing reputation in Healthcare, Public Safety, Justice, and Law Enforcement. VIQ’s leading-edge digital media solutions are designed to meet the exacting demands of these markets while maintaining the highest level of security and privacy for their digital content,”said Sebastien Paré, President and CEO of VIQ Solutions.
VIQ Solutions Announces Stock Option Grant
The options were granted in accordance with the Company’s stock option plan and have an exercise price of $0.28 per share, with a five year term, vesting a third on the grant date, and an additional third vesting on each of the next two grant date anniversaries.
VIQ Solutions Announces Closing of Private Placement
The Company issued an aggregate of 16,373,446 units (“Units”) at a price of $0.30 per Unit for gross proceeds of approximately CDN$4.9 million in the Private Placements.
VIQ Solutions Announces Early Closing of Oversubscribed Non Brokered Private Placement
The Company issued 11,022,281 units (“Units”) at a price of $0.30 per Unit for gross proceeds of CAD$3.3 million (the “Non-Brokered Offering”), exceeding its goal of CAD$2.5 million as set out in the Company’s press release dated November 2, 2017 (the “Press Release”) in respect of the Non-Brokered Offering.
VIQ Announces Conference Call to Discuss Third Quarter Results
The call will be held on Thursday, November 30th at 16:00 ET. Participants may join the conference call by dialing 1-855-223-2840 within North America or
1-647-788-4945 outside of North America five to ten minutes prior to the scheduled start time. The conference ID is 6091588 “VIQ Q3 Earnings Conference Call.”
VIQ Announces $5.5M to Accelerate its Game Changing aiAssist™
VIQ intends to use the net proceeds of the Offerings to accelerate market delivery of its artificial intelligence platform, aiAssist™. Government agencies especially in the areas of public safety, intelligence, and medical are expected to make significant investments in Analytics and Artificial Intelligence (“AI”) technologies over the next five years.
VIQ Announces Contract with the University of Guelph
“This collaborative audio-video project with a prestigious customer such as OVC is a very important win for VIQ in the medical market. VIQ Satellite AV employs our most advanced technologies including cybersecurity, data analytics and the collaborative web portal,” said Sebastien Paré, President and CEO of VIQ Solutions.
VIQ Announces Next Growth Driver, aiAssist™
VIQ’s artificial intelligence platform is being designed to unlock the critical value of the massive digital content customers and partners securely capture, manage and mine with VIQ.
VIQ Announces Next Generation Evidence Management Suite
VIQ CyberCrypt is currently in the midst of an enterprise level implementation with an international government agency, having successfully passed the highest levels of security testing and scrutiny by one of the world’s most security conscious organizations. Due to the confidential nature of the agency’s operations, the customer has requested that no further details of the implementation be released.
VIQ Announces SatCon Mobile Capture with Speech Recognition
VIQ CyberCrypt is currently
“The secure app combines the convenience and simplicity of a mobile device with the security and sophistication of VIQ’s intelligent workflow,” said Malcolm Macallum, Chief Operating and Technology Officer at VIQ Solutions. “VIQ SatCon reduces the burden on operators while maintaining seamless integration to VIQ’s powerful back end technology.”
VIQ Announces Contract with South Australia Employment Tribunal
VIQ Solutions Inc. (TSX VENTURE:VQS) is pleased to announce that Spark & Cannon, VIQ’s Australia based reporting and transcription services and technology distributor, was awarded a new multiyear contract with the South Australia Employment Tribunal (“SAET”) for secure integrated software and transcription services.
VIQ Announces EnConnect Smartphone App
VIQ EnConnect was designed for professional mobile use, with applications including the secure capture of interviews or testimony for courts, law enforcement or immigration agencies; AV evidence capture for insurance providers; or in education and training to document proof of competency and facilitate assessment.