VIQ Solutions Reports Q3 Revenue of $5.22 Million and Improved Adjusted EBITDA
VIQ Solutions (VQS:CA) reported its third-quarter financial results, showing a slight year-over-year revenue increase of 0.8% to $5.22 million. Despite a GAAP EPS loss of $0.06, the company demonstrated significant operational improvements, including an expansion in gross margin from 65.5% to 70.0%. The most notable performance metric was the adjusted EBITDA, which surged 64.45% year-over-year to $1.41 million. Additionally, the net loss from continuing operations saw a substantial reduction, narrowing significantly to -$11.45 thousand compared to a loss of $1.87 million in the prior year period.
Tickers: $VQSSF
Topics: earnings report EBITDA growth gross margin expansion revenue growth