Business
VIQ Solutions Reports Fiscal 2006 Second Quarter Results
VIQ Solutions Reports Fiscal 2006 Second Quarter Results.
About this update from Viq Solutions Inc.
[{"type":"text","content":"\n\n\n\n\nMARKHAM, ON, Aug. 28 /CNW/ - VIQ Solutions Inc. (\"VIQ Solutions\" or the\n\"Corporation\") (TSX Venture: VQS), a world leader in computer-based digital\naudio capture and management, today reported its financial results for the\nthree and six month periods ended June 30, 2006.\nRevenues were $2.9 million and $5.4 million for the three and six month\nperiods ended June 30, 2006 as compared to $3.2 million and $5.8 million for\nthe three and six month periods ended June 30, 2005. Net loss for the three\nand six month periods ended June 30, 2006 was $0.56 million and $1.2 million\nas compared to $0.58 million and $2.2 million for the three and six month\nperiods ended June 30, 2005. Net loss per common share was $0.01 and $0.02 for\nthe three and six month periods ended June 30, 2006 and $0.01 and $0.04 for\nthe same periods ended June 30, 2005.\n\nBusiness Highlights for the Quarter:\n\n>\n\nOutlook\n\nManagement will maintain its focus on rationalizing and controlling\ncosts, capitalizing on the strong market opportunities for VIQ Solutions'\nsolutions and continuing to develop its network of global distribution and\nsystem integration partners.\nManagement believes that the Corporation's digital audio recording\nsolutions will uniquely address the existing and rapidly growing need for\nintegrated digital recording solutions from a centralized database, inclusive\nof case management capabilities, as currently being mandated by many courts.\nThe Corporation's solutions, which have been developed to address all\nsolutions from simple installations to large complex enterprise solutions, are\nideally suited to address the growing demand for customized system integration\nincluding data and case management solutions.\n\nAdditional Information\n\nDetailed financial information and Management's Discussion and Analysis\nof Results and Financial Condition for the quarter ended June 30, 2006 will be\nposted on VIQ Solutions' website (under Investor Relations) at\nwww.viqsolutions.com and on SEDAR's website at www.sedar.com. The financial\ninformation included in this release is qualified in its entirety and should\nbe read together with the audited consolidated financial statements for the\nyear ended December 31, 2005, including the notes thereto.\n\nAbout VIQ Solutions Inc.\n\nVIQ Solutions is recognized as a global provider i...