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VIQ Solutions Posts Fourth Consecutive Quarter of positive Adjusted EBITDA, Driven by Scalable AI Platform and Structural Margin Gains
VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX: VQS), a global lead...
About this update from Viq Solutions Inc.
[{"type":"text","content":"VIQ Solutions Posts Fourth Consecutive Quarter of positive Adjusted EBITDA, Driven by Scalable AI Platform and Structural Margin Gains\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl2 { padding-left: 10px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor1 { background-color: #d3d3d3 }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth100 { width: 100% }\n.bwwidth11 { width: 11% }\n.bwwidth12 { width: 12% }\n.bwwidth15 { width: 15% }\n.bwwidth70 { width: 70% }\n.bwwidth71 { width: 71% }\n.bwwidth73 { width: 73% }\n \n\n\n\n VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX: VQS), a global leader in secure, AI-driven voice and video capture technology and transcription services, today announced its financial results for the first quarter ended March 31, 2025. All figures are in U.S. dollars and prepared in accordance with International Financial Reporting Standards (IFRS).\n \n\n\n Q1 2025 Highlights\n \n\n\n\n Revenue of $9.6 million, down 3% from $9.9 million in the comparative period in 2024 due to foreign exchange\n \n\n Gross margin increased to 51.9% up 7.6 percentage points from 44.3% in Q1 2024\n \n\n Net loss of $1.8 million, same as comparative period in 2024.\n \n\n Adjusted EBITDA for Q1 2025 was $0.9 million, a strong improvement from negative Adjusted EBITDA of $0.1 million in Q1 2024, representing a $1 million turnaround compared to the same period in the prior year. It also reflects solid sequential growth from $0.5 million in Q4 2024, marking the fourth consecutive quarter of positive Adjusted EBITDA. This continued progress underscores the impact of automation-led productivity gains and disciplined cost optimization across the business.\n \n\n Adjusted operating loss of $0.7 million, an improvement of $1.1 million from $1.8 million in the comparative ...