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VQSSF · OTC · United States · Services-Computer Programming, Data Processing, Etc.
In shortVIQ Solutions Inc. is loss-making, burns cash and carries moderate debt, with revenue growing (+47.7% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | – | n/a |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -19.0% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -46.1% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.53× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.55× | 80/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -7.7% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 1 of 4 | 6/100 |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 4 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 3 | 44/100 |
| Revenue growth volatility | 25.0% | 18/100 |
| Operating margin volatility | – | n/a |
Weight in the score: 20%
| Revenue growth, 3-year average | 22.2% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2022 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY19 | FY20 | FY21 | FY22 |
|---|---|---|---|---|
| Revenue | 25 | 32 | 31 | 46 |
| Cost of revenue | 14 | 16 | 16 | 24 |
| Gross profit | 11 | 16 | 15 | 22 |
| Research & development | 1 | 1.1 | 1.1 | 0.7 |
| Selling, general & admin | 9 | 11 | 19 | 25 |
| Operating income | – | 0 | – | – |
| Interest expense | 1.5 | 4.9 | 1.3 | 1.1 |
| Pre-tax income | (4.4) | (12) | (19) | (9.3) |
| Income tax | 0.1 | (0.9) | 0.9 | (0.6) |
| Net income | (4.5) | (11) | (20) | (8.7) |
| Diluted EPS | −$0.46 | −$0.62 | −$0.74 | −$0.28 |
| Diluted shares (millions) | 9.8 | 18 | 26 | 32 |
Not computed: a required balance-sheet item is missing.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2022 · Data updated Apr 13, 2023