Viq Historical Income Statement
VQS Stock | CAD 0.21 0.01 5.00% |
Historical analysis of Viq Solutions income statement accounts such as Depreciation And Amortization of 4.1 M, Total Revenue of 49.5 M, Gross Profit of 21.9 M or Other Operating Expenses of 63.6 M can show how well Viq Solutions performed in making a profits. Evaluating Viq Solutions income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Viq Solutions's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Viq Solutions latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Viq Solutions is a good buy for the upcoming year.
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About Viq Income Statement Analysis
Viq Solutions Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Viq Solutions shareholders. The income statement also shows Viq investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Viq Solutions Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Viq Solutions generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Viq Solutions minus its cost of goods sold. It is profit before Viq Solutions operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Viq Solutions. It is also known as Viq Solutions overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Viq Solutions income statement and represents the costs associated with goods and services Viq Solutions provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Viq Solutions' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Viq Solutions current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Viq Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Viq Solutions' Income Tax Expense is very stable compared to the past year. As of the 26th of March 2025, Interest Expense is likely to grow to about 3.4 M, though Operating Income is likely to grow to (8.9 M).
2022 | 2023 | 2024 | 2025 (projected) | Gross Profit | 21.9M | 18.1M | 20.8M | 21.9M | Total Revenue | 45.8M | 41.0M | 47.2M | 49.5M |
Viq Solutions income statement Correlations
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Viq Solutions Account Relationship Matchups
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Viq Solutions income statement Accounts
2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
Depreciation And Amortization | 5.3M | 4.6M | 6.1M | 3.4M | 3.9M | 4.1M | |
Total Revenue | 31.7M | 31.0M | 45.8M | 41.0M | 47.2M | 49.5M | |
Gross Profit | 16.2M | 14.9M | 21.9M | 18.1M | 20.8M | 21.9M | |
Other Operating Expenses | 33.7M | 49.5M | 58.0M | 52.7M | 60.6M | 63.6M | |
Operating Income | (4.7M) | (18.2M) | (11.7M) | (10.4M) | (9.4M) | (8.9M) | |
Ebit | (4.7M) | (18.2M) | (11.7M) | (10.4M) | (9.4M) | (8.9M) | |
Ebitda | 520.0K | (13.5M) | (5.6M) | (7.1M) | (6.3M) | (6.0M) | |
Cost Of Revenue | 15.6M | 16.1M | 23.9M | 22.9M | 26.3M | 27.7M | |
Total Operating Expenses | 18.1M | 33.3M | 34.1M | 29.8M | 34.2M | 36.0M | |
Income Before Tax | (12.1M) | (18.7M) | (9.3M) | (14.5M) | (13.1M) | (12.4M) | |
Total Other Income Expense Net | (4.0M) | 2.0M | 5.2M | (4.1M) | (3.7M) | (3.5M) | |
Net Income | (11.1M) | (19.7M) | (8.7M) | (14.3M) | (12.9M) | (12.3M) | |
Income Tax Expense | (944.0K) | 943.7K | (609.6K) | 169.2K | 152.2K | 159.9K | |
Interest Expense | 6.2M | 2.3M | 2.3M | 2.9M | 3.3M | 3.4M | |
Research Development | 1.1M | 1.1M | 734.1K | 679.6K | 781.5K | 681.0K | |
Tax Provision | (944.0K) | 943.7K | (609.6K) | (393.2K) | (353.9K) | (336.2K) | |
Interest Income | 1.3K | 6.2M | 930.0K | 2.0M | 2.3M | 1.3M | |
Selling General Administrative | 11.8M | 27.6M | 27.3M | 23.7M | 27.2M | 14.3M | |
Net Income Applicable To Common Shares | (4.5M) | (11.1M) | (19.7M) | (8.7M) | (7.8M) | (8.2M) | |
Net Interest Income | (6.2M) | (2.3M) | (2.3M) | (2.9M) | (2.6M) | (2.7M) | |
Net Income From Continuing Ops | (11.1M) | (19.7M) | (8.7M) | (13.6M) | (12.2M) | (12.8M) | |
Reconciled Depreciation | 5.3M | 4.6M | 6.1M | 6.5M | 7.5M | 4.2M |
Other Information on Investing in Viq Stock
Viq Solutions Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Viq Solutions shareholders. The income statement also shows Viq investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).