VQSSF on OTC

VIQ Solutions Inc.

VIQ Solutions Inc. is a Canadian computer programming, data processing services company.1 It is headquartered in Mississauga, Canada.1 Its shares trade on OTC under the symbol VQSSF.1

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Last updated Oct 21, 2026.

Overview

-$8.7MNet income, fiscal 20222

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  • TickerVQSSF on OTC1
  • IndustryServices-Computer Programming, Data Processing, Etc.1
  • HeadquartersMississauga, Canada1
  • Incorporated inOntario, Canada3
  • Business address5915 Airport Road, Suite 700, Mississauga, A6 L4V 1T13
  • Filer categoryNon-accelerated filer, Emerging growth company3
  • Legal formCorporation

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-55.7%Return on equity2
0.00×Debt to equity2
-$3.5MFree cash flow2

Financial statements

Gross profit42$21.9M in 2022+103% since 2019
0$10.0M$20.0M$30.0M2019: $10.8M$10.8M20192020: $16.2M$16.2M2020+49%2021: $14.9M$14.9M2021−8%2022: $21.9M$21.9M2022+47%
Net income42-$8.7M in 2022+92% since 2019
-$20.0M-$15.0M-$10.0M-$5.0M02019: -$4.5M-$4.5M20192020: -$11.1M-$11.1M2020+146%2021: -$19.7M-$19.7M2021+77%2022: -$8.7M-$8.7M2022−56%
Fiscal year20182019202020212022
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 shares231.6M shares2
Shares (weighted, diluted)26.4M shares231.6M shares2

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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

ItemLatestA year beforeChange
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

ItemLatestA year beforeChange
Cash and cash equivalents$1.7M2 Dec 31, 2022$10.6M2 Dec 31, 2021−84.3%

Intangibles and goodwill

ItemLatestA year beforeChange
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

ItemLatestA year beforeChange
Inventory, total$37.8K2 Dec 31, 2022$49.6K2 Dec 31, 2021−23.7%

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:

  1. Mar 13, 2024D EDGAR
  2. Jan 5, 202415-12G EDGAR
  3. Dec 26, 20236-K EDGAR
  4. Dec 11, 2023EFFECT EDGAR
  5. Dec 4, 2023POS AM EDGAR
  6. Dec 4, 2023S-8 POS EDGAR
  7. Nov 14, 20236-K EDGAR
  8. Nov 14, 20236-K EDGAR
  9. Nov 14, 20236-K EDGAR
  10. Nov 6, 20236-K EDGAR
  11. Nov 2, 20236-K EDGAR
  12. Oct 12, 202325-NSE EDGAR
  13. Sep 28, 20236-K EDGAR
  14. Aug 15, 2023D EDGAR
  15. Aug 15, 20236-K EDGAR
  16. Aug 14, 2023SC 13D EDGAR
  17. Aug 11, 2023SC 13G SCHEDULE 13G EDGAR
  18. Aug 9, 20236-K EDGAR
  19. Aug 2, 20236-K EDGAR
  20. 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.

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.

Money received by year$7.8M 2022–2024
Money received by yearMoney received by year, 2022–2024: $7.8M in all. Private raises (Form D) $7.8M.$0$2M$4M$6M2022 · Private raises (Form D): $4.8M20222023 · Private raises (Form D): $1.8M20232024 · Private raises (Form D): $1.2M2024
Figures by year
YearPrivate 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.

  1. Feb 27, 2024Raised $1.2 million in a private offering of equity5 Form D: 8 investors so far Form D
  2. Aug 1, 2023Raised $1.8 million in a private offering of equity6 Form D: 4 investors so far Form D
  3. Jul 18, 2022Raised $4.8 million in a private offering of equity7 Form D: 5 investors so far Form D

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