Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2022
Financial statements
No quarterly figures reported.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Cost of revenue | $16.1M2 | $23.9M2 | |||
| Gross profit | $10.8M4 | $16.2M2 | $14.9M2 | $21.9M2 | |
| Research and development | $1.1M2 | $734.1K2 | |||
| Selling, general and admin | $19.1M2 | $24.5M2 | |||
| Operating income | $10.4K4 | ||||
| Interest | $1.3M2 | $1.1M2 | |||
| Income before tax | -$18.7M2 | -$9.3M2 | |||
| Income tax | $943.7K2 | -$609.6K2 | |||
| Net income | -$4.5M4 | -$11.1M2 | -$19.7M2 | -$8.7M2 | |
| Earnings per share | -$0.464 | -$0.622 | -$0.742 | -$0.282 | |
| Earnings per share (diluted) | -$0.464 | -$0.622 | -$0.742 | -$0.282 | |
| Shares (weighted, basic) | 26.4M shares2 | 31.6M shares2 | |||
| Shares (weighted, diluted) | 26.4M shares2 | 31.6M shares2 |
No quarterly figures reported.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Cash | $1.9M4 | $1.7M2 | $16.8M2 | $10.6M2 | $1.7M2 |
| Receivables | $5.6M2 | $5.3M2 | |||
| Inventory | $49.6K2 | $37.8K2 | |||
| Current assets | $18.3M2 | $9.2M2 | |||
| Property, plant and equipment | $461.0K2 | $1.4M2 | |||
| Goodwill | $12.4M2 | $12.0M2 | |||
| Intangible assets | $14.9M2 | $10.7M2 | |||
| Total assets | $20.8M4 | $42.7M4 | $48.0M2 | $35.5M2 | |
| Short-term debt | $1.1M2 | $8.6M2 | |||
| Current liabilities | $10.6M2 | $17.2M2 | |||
| Long-term debt | $12.0M2 | $19.8K2 | |||
| Total liabilities | $22.9M4 | $25.9M2 | $19.9M2 | ||
| Retained earnings | -$55.0M2 | -$63.7M2 | |||
| Shareholders’ equity | $2.7M4 | $2.2M2 | $19.8M2 | $22.1M2 | $15.6M2 |
| Shares outstanding | 29.9M shares4 | 34.6M shares2 |
Corporate structure
VIQ Solutions Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of VIQ Solutions Inc.
- Bradley W. Wells Filed SC 13D on VIQ Solutions Inc., latest Aug 14, 2023
- Michael Moon Filed SC 13G on VIQ Solutions Inc., latest Aug 11, 2023
- AWM Investment Company, Inc. Filed SC 13G/A on VIQ Solutions Inc., latest Jul 10, 2023 (3 filings since Feb 11, 2022)
- Beedie Investments Ltd Filed SC 13G on VIQ Solutions Inc., latest Jan 25, 2023
- VIQ Solutions Inc. Mississauga, Canada
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What VIQ Solutions Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $1.4M2 Dec 31, 2022 | $461.0K2 Dec 31, 2021 | +210.7% |
| Operating-lease assets (leased space) | $1.1M2 Dec 31, 2022 | $1.1M2 Dec 31, 2021 | −6.7% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $12.0M2 Dec 31, 2022 | $12.4M2 Dec 31, 2021 | −3.2% |
| Intangible assets, net (excluding goodwill) | $10.7M2 Dec 31, 2022 | $14.9M2 Dec 31, 2021 | −28.1% |
Inventory
Leadership
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive OfficerAlexie Edwards named Jul 26, 2022 to Mar 13, 20245
- Executive Officer, DirectorLarry Taylor named Jul 26, 2022 to Mar 13, 20245
- Executive Officer, DirectorSebastien Pare named Jul 26, 2022 to Mar 13, 20245
- Executive Officer, DirectorSusan Sumner named Mar 13, 20245
- Executive OfficerVahram Sukyas named Jul 26, 2022 to Mar 13, 20245
- Executive Officer, DirectorSusan Summer named Jul 26, 2022 to Aug 15, 20236
- DirectorBradley Wells named Jul 26, 2022 to Mar 13, 20245
- DirectorJoseph Quarin named Jul 26, 2022 to Mar 13, 20245
- DirectorShing Pan named Aug 15, 2023 to Mar 13, 20245
- DirectorHarvey Gordon named Jul 26, 2022 to Aug 15, 20236
- DirectorChristine Fellowes named Jul 26, 20227
- DirectorShirg Pan named Jul 26, 20227
Filings
89 filings to the SEC since October 2021: 3 annual reports, 6 large holders, 3 private raises, 77 other. The latest 20:
- Mar 13, 2024D EDGAR
- Jan 5, 202415-12G EDGAR
- Dec 26, 20236-K EDGAR
- Dec 11, 2023EFFECT EDGAR
- Dec 4, 2023POS AM EDGAR
- Dec 4, 2023S-8 POS EDGAR
- Nov 14, 20236-K EDGAR
- Nov 14, 20236-K EDGAR
- Nov 14, 20236-K EDGAR
- Nov 6, 20236-K EDGAR
- Nov 2, 20236-K EDGAR
- Oct 12, 202325-NSE EDGAR
- Sep 28, 20236-K EDGAR
- Aug 15, 2023D EDGAR
- Aug 15, 20236-K EDGAR
- Aug 14, 2023SC 13D EDGAR
- Aug 11, 2023SC 13G SCHEDULE 13G EDGAR
- Aug 9, 20236-K EDGAR
- Aug 2, 20236-K EDGAR
- Jul 27, 20236-K EDGAR
The 89 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Bradley W. WellsSC 13D, 1 filing Aug 14, 20238
- Michael MoonSC 13G, 1 filing Aug 11, 20239
- AWM Investment Company, Inc.SC 13G/A, 3 filings Feb 11, 2022 to Jul 10, 202310
- Beedie Investments LtdSC 13G, 1 filing Jan 25, 202311
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $7.8M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2024 | $1.2M | $1.2M |
| 2023 | $1.8M | $1.8M |
| 2022 | $4.8M | $4.8M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
SEC filer profile
How VIQ Solutions Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARVIQ Solutions Inc.1
- CIK0001777765
- Filer statusNon-accelerated filer<br>emerging growth company1
- Incorporated inOntario, Canada1
- Fiscal year endsDecember 311
- Industry code (SIC)7370 Services-Computer Programming, Data Processing, Etc.1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address5915 Airport Road, Suite 700, Mississauga, A6 L4V 1T11
- Phone90594882661
- Shares outstanding34,649,697 as of Dec 31, 20222
- On EDGAR sinceMay 24, 20191
- Filings107 in all: 6-K (72), D (4), EFFECT (3), SC 13G (3), 20-F (2), 6-K/A (2), SC 13G/A (2), SUPPL (2)1
All 25 form types
15-12G (1), 20-F/A (1), 25-NSE (1), 424B3 (1), 8-A12B (1), CERT (1), CORRESP (1), F-10 (1), F-10/A (1), F-3 (1), F-3/A (1), F-X (1), POS AM (1), S-8 (1), S-8 POS (1), SC 13D (1), UPLOAD (1)
- Latest filingsAnnual report (20-F) Apr 3, 2023
Sources
The numbers on this page point here. Each one links to the record it came from.
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