EUR 255.22 For Business Accounts Only

VIQ Update

VIQ Solutions represents an opportunity for adventurous investors to get in early on an emerging growth story that appears near an inflection point for several reasons. One, the Company has begun to gain traction in new, large revenue markets. Two, the Company’s focus on developing products with the highest level of security is becoming increasingly appealing for organizations that collect sensitive data. Three, the transition to a SaaS model in many of these markets (excluding military and some government) should lead to greater profitability and revnue predictability. Finally, the Company is technology agnostic with respect to the mode of data collection which opens up a potentially wide partner universe with respect to each market segment they are approaching.
Since our initial report on VIQ in 2016, the Company has strung together several strong quarters of revenue growth and begun to penetrate the key markets that were highlighted in our report. Accordingly, the stock has begun to reflect this increased performance, having risen from $0.14 at the time of our initiation report to $0.32 presently. In particular, the Company has gained traction with some prominent federal public safety and teaching hospital clients which, if executed well, sets them up for significant growth within these high value sectors over the next few years.
In this brief update report, we will review the Company’s progress against our initial assessments and present a revised outlook for the future of the Company over the next few years.