VIQ Solutions (VQS) Revenue & Revenue Breakdown
VIQ Solutions Revenue Highlights
Latest Revenue (Y)
$45.84M
Latest Revenue (Q)
$10.10M
Main Segment (Y)
Technology services
Main Geography (Y)
Australia
VIQ Solutions Revenue by Period
VIQ Solutions Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2022-12-31 | $45.84M | 47.66% |
| 2021-12-31 | $31.05M | -2.21% |
| 2020-12-31 | $31.75M | 26.51% |
| 2019-12-31 | $25.10M | 118.94% |
| 2018-12-31 | $11.46M | -2.28% |
| 2017-12-31 | $11.73M | 37.98% |
| 2016-12-31 | $8.50M | 19.20% |
| 2015-12-31 | $7.13M | -21.64% |
| 2014-12-31 | $9.10M | -23.71% |
| 2013-12-31 | $11.93M | -25.06% |
| 2012-12-31 | $15.92M | 6.34% |
| 2011-12-31 | $14.97M | 22.55% |
| 2010-12-31 | $12.22M | 12.81% |
| 2009-12-31 | $10.83M | 10.43% |
| 2008-12-31 | $9.81M | -21.01% |
| 2007-12-31 | $12.42M | 28.43% |
| 2006-12-31 | $9.67M | 3.10% |
| 2005-12-31 | $9.38M | 13059.30% |
| 2004-12-31 | $71.27K | - |
VIQ Solutions generated $45.84M in revenue during NA 2022, up 47.66% compared to the previous quarter, and up 390.81% compared to the same period a year ago.
VIQ Solutions Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2023-09-30 | $10.10M | -3.96% |
| 2023-06-30 | $10.52M | 4.64% |
| 2023-03-31 | $10.05M | -1.27% |
| 2022-12-31 | $10.18M | -13.61% |
| 2022-11-10 | $11.79M | -4.58% |
| 2022-06-30 | $12.35M | 7.17% |
| 2022-03-31 | $11.52M | 53.37% |
| 2021-12-31 | $7.51M | 6.04% |
| 2021-09-30 | $7.09M | -13.49% |
| 2021-06-30 | $8.19M | -0.76% |
| 2021-03-31 | $8.25M | 6.15% |
| 2020-12-31 | $7.78M | -4.86% |
| 2020-09-30 | $8.17M | -0.97% |
| 2020-06-30 | $8.25M | 9.34% |
| 2020-03-31 | $7.55M | 23.81% |
| 2019-12-31 | $6.10M | -5.50% |
| 2019-09-30 | $6.45M | 4.23% |
| 2019-06-30 | $6.19M | -2.67% |
| 2019-03-31 | $6.36M | 201.33% |
| 2018-12-31 | $2.11M | -30.93% |
| 2018-09-30 | $3.06M | -7.16% |
| 2018-06-30 | $3.29M | 9.48% |
| 2018-03-31 | $3.01M | 24.79% |
| 2017-12-31 | $2.41M | -25.36% |
| 2017-09-30 | $3.23M | 0.59% |
| 2017-06-30 | $3.21M | 11.21% |
| 2017-03-31 | $2.89M | 61.84% |
| 2016-12-31 | $1.78M | -19.05% |
| 2016-09-30 | $2.20M | -11.34% |
| 2016-06-30 | $2.48M | 18.33% |
| 2016-03-31 | $2.10M | 7.74% |
| 2015-12-31 | $1.95M | 13.79% |
| 2015-09-30 | $1.71M | -4.56% |
| 2015-06-30 | $1.79M | -6.55% |
| 2015-03-31 | $1.92M | 143.30% |
| 2014-12-31 | $789.13K | -71.88% |
| 2014-09-30 | $2.81M | -3.37% |
| 2014-06-30 | $2.90M | 5.24% |
| 2014-03-31 | $2.76M | 35.88% |
| 2013-12-31 | $2.03M | -27.70% |
| 2013-09-30 | $2.81M | -13.36% |
| 2013-06-30 | $3.24M | -15.58% |
| 2013-03-31 | $3.84M | -6.49% |
| 2012-12-31 | $4.11M | 1.98% |
| 2012-09-30 | $4.03M | 10.75% |
| 2012-06-30 | $3.64M | -8.61% |
| 2012-03-31 | $3.98M | 11.96% |
| 2011-12-31 | $3.55M | 0.55% |
| 2011-09-30 | $3.53M | -10.14% |
| 2011-06-30 | $3.93M | -12.62% |
| 2011-03-31 | $4.50M | 26.51% |
| 2010-12-31 | $3.56M | 17.49% |
| 2010-09-30 | $3.03M | 4.94% |
| 2010-06-30 | $2.89M | 6.22% |
| 2010-03-31 | $2.72M | -6.69% |
| 2009-12-31 | $2.91M | 9.55% |
| 2009-09-30 | $2.66M | 0.24% |
| 2009-06-30 | $2.65M | 31.51% |
| 2009-03-31 | $2.02M | 41.72% |
| 2008-12-31 | $1.42M | -45.43% |
| 2008-09-30 | $2.61M | -19.16% |
| 2008-06-30 | $3.23M | 17.10% |
| 2008-03-31 | $2.75M | -4.11% |
| 2007-12-31 | $2.87M | -1.38% |
| 2007-09-30 | $2.91M | - |
VIQ Solutions generated $10.10M in revenue during Q3 2023, up -3.96% compared to the previous quarter, and up 81.79% compared to the same period a year ago.
VIQ Solutions Revenue Breakdown
VIQ Solutions Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 22 | Dec 21 |
|---|---|---|
| Technology services | $41.81M | $26.68M |
| Hardware | $272.21K | $442.08K |
| Professional services | $950.61K | $451.69K |
| SaaS | $89.69K | $65.19K |
| Software licenses | $352.47K | $1.37M |
| Subscription | $493.85K | $189.36K |
| Support and maintenance | $1.87M | $1.77M |
| Other Services | - | $83.67K |
VIQ Solutions's latest annual revenue breakdown by segment (product or service), as of Dec 22: Technology services (91.21%), Support and maintenance (4.08%), Professional services (2.07%), Subscription (1.08%), Software licenses (0.77%), Hardware (0.59%), and SaaS (0.20%).
VIQ Solutions Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 22 | Dec 21 |
|---|---|---|
| Australia | $26.33M | $9.52M |
| Other Countries | $113.77K | $434.27K |
| Canada | $205.66K | $160.37K |
| United States | $17.47M | - |
| United State | - | $18.98M |
VIQ Solutions's latest annual revenue breakdown by geography, as of Dec 22: Australia (59.68%), United States (39.60%), Canada (0.47%), and Other Countries (0.26%).
VQS Revenue FAQ
What is VIQ Solutions’s yearly revenue?
VIQ Solutions's yearly revenue for 2022 was $45.84M, representing an increase of 47.66% compared to 2021. The company's yearly revenue for 2021 was $31.05M, representing a decrease of -2.21% compared to 2020. VQS's yearly revenue for 2020 was $31.75M, representing an increase of 26.51% compared to 2019.
What is VIQ Solutions’s quarterly revenue?
VIQ Solutions's quarterly revenue for Q3 2023 was $10.1M, a -3.96% decrease from the previous quarter (Q2 2023), and a -14.28% decrease year-over-year (Q3 2022). The company's quarterly revenue for Q2 2023 was $10.52M, a 4.64% increase from the previous quarter (Q1 2023), and a -14.84% decrease year-over-year (Q2 2022). VQS's quarterly revenue for Q1 2023 was $10.05M, a -1.27% decrease from the previous quarter (Q4 2022), and a -12.78% decrease year-over-year (Q1 2022).
What is VIQ Solutions’s revenue growth rate?
VIQ Solutions's revenue growth rate for the last 3 years (2020-2022) was 44.39%, and for the last 5 years (2018-2022) was 299.94%.
What are VIQ Solutions’s revenue streams?
VIQ Solutions's revenue streams in c 22 are Technology services, Hardware, Professional services, SaaS, Software licenses, Subscription, and Support and maintenance. Technology services generated $41.81M in revenue, accounting 91.21% of the company's total revenue, up 56.74% year-over-year. Hardware generated $272.22K in revenue, accounting 0.59% of the company's total revenue, down -38.42% year-over-year. Professional services generated $950.6K in revenue, accounting 2.07% of the company's total revenue, up 110.45% year-over-year. SaaS generated $89.69K in revenue, accounting 0.20% of the company's total revenue, up 37.59% year-over-year. Software licenses generated $352.47K in revenue, accounting 0.77% of the company's total revenue, down -74.19% year-over-year. Subscription generated $493.84K in revenue, accounting 1.08% of the company's total revenue, up 160.80% year-over-year. Support and maintenance generated $1.87M in revenue, accounting 4.08% of the company's total revenue, up 5.67% year-over-year.
What is VIQ Solutions’s main source of revenue?
For the fiscal year ending Dec 22, the largest source of revenue of VIQ Solutions was Technology services. This segment made a revenue of $41.81M, representing 91.21% of the company's total revenue.