Topic: How To Invest

Pat: What do you think of VIQ Solutions? Thank you.

Article Excerpt

VIQ Solutions, $0.08, symbol VQS on Toronto (Shares outstanding: 91.0 million; Market cap: $7.3 million; www.viqsolutions.com), makes technology that records sound and video. Its equipment is mainly used in courts, legislative assemblies, police stations and hearing rooms. VIQ also provides recording and transcription services through its subsidiaries, Spark & Cannon and International Reporting. Clients include courts and legislative assemblies. In the three months ended September 30, 2012, VIQ’s revenue rose 8.1%, to $3.96 million from $3.67 million a year earlier. It lost $62,638, or nil per share, compared to a loss of $159,410, or nil per share, a year earlier. Cash flow was positive in the latest quarter, at $53,982, or nil per share. VIQ has some prominent clients, including Canada’s National Energy Board, the Western Australian Industrial Relations Commission and 420 courtrooms for the U.S. Executive Office of Immigration Review. However, its $7.3-million market cap reflects the narrowness of its niche and the competition it faces from larger rivals that can…