VQS | Jotup

VIQ Solutions Receives SOC 2 Type 1 Report in Major Step Forward Toward Full SOC 2 Compliance

Retrieved on:

Wednesday, April 3, 2024

The Company's SOC2 Type 1 report was issued by AssuranceLab, an independent and accredited certification body based in Australia, upon successful completion of a formal audit process.

Key Points:

The Company's SOC2 Type 1 report was issued by AssuranceLab, an independent and accredited certification body based in Australia, upon successful completion of a formal audit process.
Our SOC 2 Type 1 is a milestone pillar in our security program at VIQ, underlying the advanced and market leading maturity of the security controls of our information security systems.
"We are extremely proud to announce our SOC2 certification," said Vahram Sukyas, Chief Technology Officer, VIQ Solutions.
Our successful attainment of SOC2 Type 1 criteria and controls has set the groundwork for SOC2 Type 2 certification, which we intend to pursue in 2024.

VIQ Solutions to Report Fourth Quarter and Full Year 2023 Financial Results on Wednesday, March 27, 2024

Retrieved on:

Friday, March 15, 2024

Data Management, Consumer Electronics, Technology, Security, Other Technology, Telecommunications, Software, Artificial Intelligence, Networks, Audio, Video, Hardware, Webcast, TSX, VIQ, VQS

(“VIQ” or the “Company”) (TSX:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, will release its financial results for the fourth quarter and full year ended December 31, 2023, after market close on Wednesday, March 27, 2024.

Key Points:

(“VIQ” or the “Company”) (TSX:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, will release its financial results for the fourth quarter and full year ended December 31, 2023, after market close on Wednesday, March 27, 2024.
VIQ management will host a conference call to discuss these results on Thursday, March 28 at 11:00 AM Eastern Time.
Participants should dial in at least 10 minutes prior to the start of the call.
A replay of the webcast will be available on the Company’s website through the same link approximately one hour after the conference call concludes.

VIQ Solutions Closes Oversubscribed Private Placement Financing

Retrieved on:

Tuesday, February 27, 2024

Security, Audio, Video, Technology, Artificial Intelligence, Software, VIQ, TSX, Toronto Stock Exchange, VQS, Nature, Multilateral, Indian stock exchange, Beedi, Minority

VIQ Solutions Inc. (“VIQ”, “VIQ Solutions” or the “Company”) (TSX: VQS) today announces that it has closed a non-brokered private placement of 10,239,000 common shares of the Company (collectively, the “Common Shares”) at a price per Common Share of C$0.158 for aggregate gross proceeds of C$1,617,762.00 (the “Offering”).

Key Points:

VIQ Solutions Inc. (“VIQ”, “VIQ Solutions” or the “Company”) (TSX: VQS) today announces that it has closed a non-brokered private placement of 10,239,000 common shares of the Company (collectively, the “Common Shares”) at a price per Common Share of C$0.158 for aggregate gross proceeds of C$1,617,762.00 (the “Offering”).
VIQ intends to use the net proceeds from the Offering for working capital and general corporate purposes.
The Common Shares will be subject to a statutory hold period or restricted period in Canada of four months and one day following the closing date.
The purchasers of the Common Shares and the extent of such participation were not finalized until shortly prior to the completion of the Offering.

VIQ Solutions Announces Final Draw on Previously Announced US$15 Million Credit Facility

Retrieved on:

Friday, December 22, 2023

Technology, Audio, Video, Artificial Intelligence, VIQ, Sale, Credit, Loan, TSX, Second, VQS

(“VIQ”, “VIQ Solutions” or the “Company”) (TSX: VQS) today announces that it has drawn the final advance of US$750,000.00 (the “Final Advance”) under its previously announced senior secured loan (the “Loan”) of up to US$15 million with Beedie Investments Ltd. (the “Lender”) pursuant to the terms of its credit agreement dated January 13, 2023 between the Company and the Lender (the “Credit Agreement”).

Key Points:

(“VIQ”, “VIQ Solutions” or the “Company”) (TSX: VQS) today announces that it has drawn the final advance of US$750,000.00 (the “Final Advance”) under its previously announced senior secured loan (the “Loan”) of up to US$15 million with Beedie Investments Ltd. (the “Lender”) pursuant to the terms of its credit agreement dated January 13, 2023 between the Company and the Lender (the “Credit Agreement”).
In connection with the final draw, the Company and the Lender amended the Credit Agreement pursuant to the terms of a second amendment agreement (the “Second Amendment Agreement”).
As of the date hereof, the full US$15 million of the Loan has been advanced to the Company.
A copy of the Credit Agreement is available, and a copy of the Second Amendment Agreement will be available, under the Company’s profile on SEDAR+ at www.sedarplus.ca .

VIQ Solutions Announces Third Quarter 2023 Financial Results

Retrieved on:

Saturday, November 11, 2023

VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announces its unaudited financial results for the third quarter ending September 30, 2023.

Key Points:

VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announces its unaudited financial results for the third quarter ending September 30, 2023.
Results are reported in US dollars and prepared in accordance with International Financial Reporting Standards (“IFRS”).
“The third quarter represents the last comparable quarter against the prior Queensland Courts Department of Justice and Attorney General (“DJAG”) contracts which created challenges in comparative metrics throughout 2023.
VIQ will host a conference call and webcast to discuss its third quarter 2023 financial results on November 13, 2023, at 11:00 a.m. (Eastern Time).

VIQ Solutions Announces Amendment to Credit Agreement, Draw on Previously Announced US$15 Million Credit Facility, and Repricing of Warrants

Retrieved on:

Saturday, November 11, 2023

As of the date hereof, US$14.25 million of the Loan has been advanced to the Company.

Key Points:

As of the date hereof, US$14.25 million of the Loan has been advanced to the Company.
In connection with the Subsequent Advance, the Company has issued 123,365 common share purchase warrants (each, a “Warrant”) to the Lender.
A copy of the Credit Agreement is available, and the Amending Agreement will be available, under the Company’s profile on SEDAR+ at www.sedarplus.ca .
Under the terms of the Amendment, the exercise price of the Repriced Warrants would be reduced to CDN$0.2004.

VIQ Solutions to Report Third Quarter 2023 Financial Results on Friday, November 10, 2023

Retrieved on:

Friday, November 3, 2023

VoIP, Software, Networks, Professional Services, Electronic Design Automation, Data Management, Technology, Artificial Intelligence, Security, Data Analytics, Other Professional Services, Legal, Audio, Video, Webcast, TSX, VIQ, VQS, Cryptocurrency

(“VIQ” or the “Company”) (TSX:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, will release its financial results for the third quarter ended September 30, 2023, after market close on Friday, November 10, 2023.

Key Points:

(“VIQ” or the “Company”) (TSX:VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, will release its financial results for the third quarter ended September 30, 2023, after market close on Friday, November 10, 2023.
VIQ management will host a conference call to discuss these results on Monday, November 13 at 11:00 AM Eastern Time.
Participants should dial in at least 10 minutes prior to the start of the call.
A replay of the webcast will be available on the Company’s website through the same link approximately one hour after the conference call concludes.

VIQ Solutions Unveils Their Next Generation of AI Driven Transcription and Workflow Technology

Retrieved on:

Thursday, November 2, 2023

VIQ Solutions (“VIQ”, “VIQ Solutions” or the “Company”) (TSX: VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription, announces the latest enhancements to its NetScribeTM Ecosystem.

Key Points:

VIQ Solutions (“VIQ”, “VIQ Solutions” or the “Company”) (TSX: VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription, announces the latest enhancements to its NetScribeTM Ecosystem.
"We are excited to introduce these enhancements to our solutions," said Susan Sumner, President and Chief Operating Officer at VIQ Solutions.
To enhance its speech-to-text accuracy, VIQ Solutions has integrated domain-specific language models into its AI platform.
These unique capabilities significantly reduce the time required for manual formatting and transcription, providing world-class transcription solutions to a wide range of clients.

VIQ Solutions Announces Delisting from Nasdaq and Director Resignation

Retrieved on:

Wednesday, September 27, 2023

The Company notified Nasdaq that it would not appeal Nasdaq’s delisting decision.

Key Points:

The Company notified Nasdaq that it would not appeal Nasdaq’s delisting decision.
Nasdaq has notified the Company that trading of its common shares will be suspended as of the opening of business on October 5th, 2023.
VIQ also announces today that Harvey Gordon has resigned from the board of directors of the Company effective September 26, 2023.
The Company wishes him success and is appreciative of his contributions during his appointment as a director at VIQ.

VIQ Solutions Announces Second Quarter 2023 Financial Results

Retrieved on:

Tuesday, August 15, 2023

VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX and Nasdaq: VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announces its unaudited financial results for the second quarter ending June 30, 2023.

Key Points:

VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX and Nasdaq: VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announces its unaudited financial results for the second quarter ending June 30, 2023.
“Revenue for the second quarter ending June 30, 2023, grew by 5% sequentially from the previous quarter despite some delays in ramping up of new contracts.
Delays in ramp-ups of new customers combined with capacity challenges that created delivery backlogs in our first quarter and first part of our second quarter of 2023 have been resolved.
Please refer to the "Non-IFRS Measures" section below and the reconciliations of the non-IFRS financial measures to their most directly comparable IFRS financial measures in the tables at the end of this press release
VIQ will host a conference call and webcast to discuss its second quarter 2023 financial results on Tuesday, August 15, 2023, at 11:00 a.m. (Eastern Time).