VIQ Solutions, Inc. (OTCPK:VQSSF) Q1 2025 Earnings Conference Call May 13, 2025 11:00 AM ET
Company Participants
Audrey Liu – Corporate Finance ControllerSebastien Paré – CEO & DirectorAlexie Edwards – CFO
Conference Call Participants
Operator
Good day, ladies and gentlemen, and welcome to VIQ Solutions 2025 First Quarter Earnings Conference Call. [Operator Instructions] Your host for today is Audrey Liu, Corporate Finance Controller for VIQ. Please go ahead.
Audrey Liu
Thank you. Before we begin, please note that certain statements made on today’s call are forward-looking within the meaning of applicable securities laws. These statements involve risks and uncertainties that may cause actual results to differ materially. Please refer to the forward-looking statements section in our press release and the company’s filing on sedarplus.ca. As a reminder, all dollar amounts are in U.S. dollars unless otherwise stated.
With us today are Sebastien Pare, Chief Executive Officer; and Alexie Edwards, Chief Financial Officer. I will now turn the call over to Sebastien.
Sebastien Paré
Thank you, Audrey, and good morning, everyone. At VIQ, we always said it’s not just about where we’re going, it’s also about how we’re getting there. And in Q1, we delivered a clear measurable proof that our strategy is working. We entered 2025 with a strong momentum across all regions, especially in Australia, where the impact of our platform strategy is now unquestionable.
FirstDraft output in Australia grew over 232% year-over-year following the completion of last year’s technology migrations. Each month, adoption continues to climb with more functionalities being rolled out and more of our human workforce adapting to new FirstDraft workflow. We’re seeing the results in our margin.
In the U.K., FirstDraft’s usage for human editing increased by over 80%. In the U.S., we saw a steady growth across every FirstDraft metrics. Overall, FirstDraft adoption increased by 39% year-over-year at
