Business
VIQ Solutions reports fiscal 2006 third quarter results
VIQ Solutions reports fiscal 2006 third quarter results.
About this update from Viq Solutions Inc.
[{"type":"text","content":"\n\n\n\n\nMARKHAM, ON, Nov. 23 /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 nine month periods ended September 30, 2006.\nRevenues were $2.7 million and $8.1 million for the three and nine month\nperiods ended September 30, 2006 as compared to $2.6 million and $8.4 million\nfor the three and nine month periods ended September 30, 2005. Net loss for\nthe three and nine month periods ended September 30, 2006 was $0.25 million\nand $1.48 million as compared to $0.85 million and $3.0 million for the three\nand nine month periods ended September 30, 2005. Net loss per common share was\n$0.00 and $0.02 for the three and nine month periods ended September 30, 2006\nand $0.01 and $0.05 for the same periods ended September 30, 2005.\n\nBusiness Highlights for the Quarter:\n\n>\n\n\"With our new product releases, we believe we are the only digital audio\ncapture company that can address the entire market from simple products to\ncomplex, enterprise solutions in multiple vertical markets,\" stated David\nOuthwaite, Chief Executive Officer of VIQ Solutions. \"Our digital audio\nrecording solutions uniquely address the existing and rapidly growing need for\nintegrated digital recording solutions as currently being mandated by many\ncourts in both a stand-alone or centralized database environment,\" added\nMr. Outhwaite.\n\nAdditional Information\n\nDetailed financial information and Management's Discussion and Analysis\nof Results and Financial Condition for the quarter ended September 30, 2006\nwill be posted 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 in the digital audio\nindustry with innovative product and service-based solutions for voice-driven\nsystems in the legal, medical, business, and government industries. VIQ\nSolutions provides an integrated range of digital record workflow solut...