VIQ Reports Steady Revenue Growth and Profitable First Quarter Results
aiAssist and Net Scribe Web on Track for Second Half 2018 Commercial Launch
TORONTO, May 29, 2018 (GLOBE NEWSWIRE) — VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX Venture:VQS), a global expert providing a cybersecurity protected technology and service platform for digital evidence capture and content management, today reported financial results for the three months ended March 31, 2018. Results are reported in US dollars and are prepared in accordance with International Financial Reporting Standards (“IFRS”).
“We are pleased to report continued growth in top line revenue, and profitability for the quarter,” said Sebastien Paré, President and CEO of VIQ. “We experienced steady revenue growth from existing customers including some customers upgrading to our latest platform to take advantage of new products and services including VIQ’s upcoming aiAssistTM.”
“Development of our previously announced, two new transformative products — aiAssist™ and Net Scribe Web progressed on plan. Our cognitive artificial intelligence will allow customers to unlock the value of all the content that they capture and store via our core products. As we near commercial launch later this year, we are paving the way for demand with our existing customer base, and opening new vertical opportunities,” Mr. Paré said.
About VIQ Solutions Inc.
VIQ Solutions is the leading global technology platform for ultra-secure digital evidence capture and content management. Our modular software allows customers to onboard the VIQ platform at any stage of their organization’s digitization, from digital content capture with video and audio devices to online collaboration, mobility, data analytics and integration with sensors, facial recognition, speech recognition and case management or patient record systems. VIQ’s technology leads the industry in security, meeting the highest international standards for digital/cybersecurity and privacy, including military and medical regulations.
Our solutions are used in over 20 countries with tens of thousands of users in over 200 government and private agencies including law enforcement, immigration, medical, legal, insurance, courts, and transportation and transcription services. VIQ also provides end-to-end transcription services to several large government agencies through our Australian reporting and transcription partners. VIQ partners worldwide with security integrators, audio video specialists, and hardware and data storage suppliers. Managing digital media evidence is what we do, and we do it better than anyone else.
For more information contact: Peter Kostandenou, CMO,
(905) 948-8266 ext. 213,
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.