VIQ Solutions (VQS) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with introductions of board members and acknowledgment of support from directors, lender, and long-term shareholders during a challenging restructuring year.

• Agenda included presentation of audited financials, election of directors, appointment of auditors, approval of share issuance, and equity incentive plan.

Financial performance review

• Post-pandemic headwinds delayed financial recovery by over a year, but recent quarters show accelerating positive results.

• Q1 outperformed Q4, and Q2 is trending even more favorably, supporting a positive outlook for 2024.

• Focus remains on achieving positive EBITDA and free cash flow, with improved gross margins and global cost-cutting.

Board and executive committee updates

• Six directors nominated and elected to serve until the next annual meeting or until successors are appointed.