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VIQ Solutions Inc - VQS STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect VIQ Solutions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of VIQ Solutions's position in the market.

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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.64%
Tags
management
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.56%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.04%
Tags
conferences earnings
Rhea-AI Summary
VIQ Solutions Inc. (VQS) Closes Oversubscribed Private Placement, Raises US$1,798,000 for AI Model Development
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.75%
Tags
none
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.24%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.71%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
39.08%
Tags
partnership AI
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.9%
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none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.73%
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none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.03%
Tags
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

About VQS

viq solutions is the global expert in digital recording technology. with a better approach to the collection, storage and management of digital audio, video and files, we help courts and judicial bodies, government agencies, insurance companies, police, transportation companies and more increase efficiency, improve security and reduce costs. we are the worldwide leader in the capture and management of digital audio, video and other evidence. let us show you the benefits of a reliable, secure digital record that is collaborative and can easily be searched and shared by those who need it. we've got the technology, the experience and the expertise to efficiently manage country-wide installations of hundreds of rooms, with hundreds of terabytes of data. managing digital media evidence is what we do, and we do it better than anyone else. viq has been in the digital media business for over 25 years. we have over 2,500 satisfied customers in over 20 countries, with over 52,000 licenses in