07:10 AM EDT, 03/31/2025 (MT Newswires) -- VIQ Solutions ( VQSSF ) over the weekend said fourth-quarter net loss widened.

The company, which operates in AI-driven voice and video technology, said net loss was US$3.6 million, compared with a loss of US$2.9 million for the prior year period.

Revenue increased 2% to $10.5 million during the same period.

"2024 was a transformational year for VIQ as we focused on operational efficiency, automation, and strengthening our financial results," said Sebastien Pare, chief executive officer. "We are well-positioned to drive further margin expansion and generate positive free cash flow in 2025."