VIQ Solutions Provides Preliminary Q3 Results and Updates Full Year 2020 Revenue Outlook
Summary
PHOENIX, Ariz.--(BUSINESS WIRE)--VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX Venture Exchange: VQS and OTCQX Markets: VQSLF), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announced preliminary top-line results for the third quarter 2020, and provided an update of its full-year 2020 outlook. “Our organic sales accelerated in the third quarter as strong demand for our transcription cloud platform drove steady revenue and a number of important new multi-year contracts,” said Sebastien Paré, President and CEO VIQ Solutions. Earlier Covid-19 restrictions, mainly in courts, law enforcement and insurance verticals, temporarily caused delays in customer migrations and new rollouts. VIQ offers a seamless, comprehensive solution suite that delivers intelligent automation, enhanced with human review, to drive transformation in the way content is captured, secured, and repurposed into actionable information. The cyber-secure, AI technology and services platform are implemented in the most rigid security environments including criminal justice, legal, insurance, media, government, corporate finance, media, and transcription service provider markets, enabling them to improve the quality and accessibility of evidence, to easily identify predictive insights and to achieve digital transformation faster and at a lower cost.