VQS - VIQ Solutions reports mixed Q3 earnings; revises FY22 guidance range
- VIQ Solutions press release ( NASDAQ: VQS ): Q3 GAAP EPS of -$0.04 beats by $0.01 .
- Revenue of $11.8M (+66.4% Y/Y) misses by $0.84M .
- Adjusted EBITDA was negative $0.6 million versus a negative Adjusted EBITDA of $3.1 million in the third quarter of 2021.
- The Company has revised its full year 2022 goals to be in the range of $46-$47 million in revenue vs. consensus of $48.01M and a negative Adjusted EBITDA to be in the range of $2.3 - $2.8 million. The Company’s gross margin goal has been tightened and is expected to be in the range of 48% - 51% for the full year.
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VIQ Solutions reports mixed Q3 earnings; revises FY22 guidance range