Company Description
VIQ Solutions Inc. (VQSSF) is a technology company in the Software – Application industry that focuses on secure, AI-driven digital documentation. According to company disclosures, VIQ Solutions describes itself as a global provider of secure, AI-driven, digital voice and video capture technology and transcription services. Its technology and services are designed to transform how spoken content is captured, protected, and converted into usable information.
VIQ Solutions states that it offers a solution suite that combines intelligent automation with human review. This approach is intended to improve the accuracy and reliability of transcriptions and other documentation derived from digital voice and video. The company emphasizes that its platform is cyber-secure and is implemented in what it describes as some of the most rigid security environments.
Business Focus and Core Offering
Based on the company’s own descriptions in its public communications, VIQ Solutions focuses on:
- Digital voice and video capture technology that records and manages audio and video content.
- AI-driven transcription services that use automation to convert recordings into text.
- Human review and quality assurance to refine and validate automated outputs.
The company indicates that this combination is intended to help organizations repurpose recorded content into actionable information, improve accessibility of evidence and records, and support digital transformation efforts.
Key Markets and Use Cases
In its press releases, VIQ Solutions notes that its technology and services platform is used in several sectors that require secure handling of sensitive information. These include:
- Criminal justice and courts and justice
- Legal
- Insurance
- Government
- Corporate finance
- Media
- Transcription service provider markets
According to the company, its platform is implemented in these environments to improve the quality and accessibility of evidence, to help users identify predictive insights, and to support faster and more cost-effective digital transformation.
AI and Verification Capabilities
VIQ Solutions has announced the development of VIQ SmartAudit, described by the company as advanced verification and quality-assurance technology in development. The company states that VIQ SmartAudit is designed to enhance the accuracy of transcriptions and multi-speaker content across its business lines, including justice, insurance, law enforcement, government, and corporate compliance.
According to the company’s description, SmartAudit is expected to provide capabilities such as:
- Detection of potential omissions, mistranscription, discrepancies, or unclear dialogue, articulated to each vertical in which VIQ operates.
- Immediate quality scoring for each document and routing to appropriate resources based on need.
- Verification indicators to guide focused reviews by human editors.
- Blanket audit review of VIQ text work products.
The company indicates that SmartAudit is part of a multi-year technology roadmap aimed at improving verification, workflows, accuracy, and the consistency of customer service across its operations.
Global Operating Architecture
In its public statements, VIQ Solutions refers to a structured, global operating architecture. The company notes that it operates across multiple regions and that it integrates global systems and processes into local operations. For example, VIQ has highlighted the integration of proven systems and processes into its Australian operations, drawing on practices already in place in its U.S. and U.K. business units.
VIQ Solutions states that this global structure allows it to learn from best practices across regions and apply those insights broadly. The company indicates that this approach is intended to improve on-time delivery, customer service levels, and overall efficiency.
Capital Markets and Listing
VIQ Solutions has disclosed that its common shares trade on the TSX Venture Exchange under the symbol VQS, following a voluntary delisting from the Toronto Stock Exchange. The company has stated that the transition to the TSX Venture Exchange is part of a focus on cost optimization and access to additional financing options available to TSXV-listed issuers.
In addition to its Canadian listing, VIQ Solutions is associated with the over-the-counter symbol VQSSF, which is used by investors who track the company’s shares in U.S. markets.
Financing and Shareholder Activity
Public disclosures show that VIQ Solutions has used private placements and a normal course issuer bid as part of its capital management. The company has announced insider-led private placements of units consisting of common shares and warrants, with proceeds stated to be used for technology enhancements, improving margins and delivery speed, supporting organic growth, and pursuing tuck-in acquisitions.
VIQ Solutions has also announced a normal course issuer bid for purchases of its common shares through the TSX Venture Exchange and alternative Canadian trading systems. The company has indicated that share repurchases are intended to provide a mechanism to return value to shareholders and to enhance long-term shareholder equity, subject to applicable regulations and internal considerations.
Separate from the company’s own actions, an investor, Beedie Investments Ltd. (Beedie Capital), has disclosed an internal reorganization of its holdings in VIQ Solutions, including common shares, warrants, and a credit agreement. According to that disclosure, Beedie Capital’s overall level of ownership and control in VIQ Solutions, on a partially diluted basis, remained the same before and after the reorganization.
Financial Reporting and Performance Metrics
VIQ Solutions publishes financial statements and management discussion and analysis (MD&A) on SEDAR+. In its financial reporting for the three and nine months ended September 30, 2025, the company presented revenue, gross profit, and various expense categories under International Financial Reporting Standards (IFRS). It also provided non-IFRS measures such as Adjusted EBITDA and adjusted operating loss.
The company explains that non-IFRS measures are used by management to provide additional insight into performance and financial condition. VIQ notes that these measures do not have standardized meanings under IFRS and may not be comparable to similar measures used by other issuers. Investors are cautioned in the company’s disclosures not to view these non-IFRS measures as alternatives to net income or loss determined in accordance with IFRS.
Industry Positioning
Within the broader Software – Application and technology sector, VIQ Solutions positions itself, in its own materials, as focused on AI-powered digital documentation and transcription in high-security and compliance-driven environments. The company emphasizes the combination of automated processing and human expertise, as well as its focus on sectors where accurate, secure handling of recorded information is critical.
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No SEC filings available for Viq Solutions.