Brief: VIQ Solutions Provides Preliminary Q3 Results And Updates Full Year 2020 Revenue Outlook

VIQ Solutions

28/10/2020 12:36

Oct 28 (Reuters) - VIQ Solutions Inc  VQS.V :
    * VIQ SOLUTIONS PROVIDES PRELIMINARY Q3 RESULTS AND UPDATES
FULL
YEAR 2020 REVENUE OUTLOOK
    * SEES FY REVENUE UP ABOUT 24 TO 27 PERCENT
    * ANNOUNCES SERIES OF NEW MULTI-YEAR CONTRACTS VALUED AT UP
TO $30
MILLION
    * PLANS TO PROVIDE ITS Q3 INTERIM EARNINGS REPORT IN
MID-TO-LATE
NOVEMBER
    * SEES REVENUE IN Q3 IN RANGE OF $8.1 MILLION - $8.2
MILLION, UP
BY 25%-28%
    * $30 MILLION CONTRACT IS OVER 6 YRS, REPRESENTING ABOUT $5
MILLION OF REVENUE PER YEAR COMMENCING IN 2021
    * DUE TO COVID-19, ABOUT $2.5 MILLION TO $3.35 MILLION OF
PLANNED
2020 REVENUES HAVE BEEN DELAYED TO 2021
    * ADJUSTED EBITDA GOALS WERE REVISED TO $3.5 MILLION - $4.5
MILLION FOR 2020 FULL YEAR

Source text for Eikon:  ID:nBw3ywMsNa 
Further company coverage:  VQS.V 

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