May 7 (Reuters) - Viq Solutions Inc VQS.V :
* VIQ SOLUTIONS REPORTS FIRST QUARTER 2020 RESULTS AND UPDATES 2020 OUTLOOK
* VIQ SOLUTIONS INC - QTRLY REVENUE OF $7.5 MILLION INCREASED 19% QUARTER-OVER-QUARTER
* VIQ SOLUTIONS INC - QTRLY RECURRING REVENUE INCREASED 31% FROM $5.5 MILLION TO $7.2 MILLION
* VIQ SOLUTIONS INC - ANNOUNCED A 2020 REVENUE GOAL RANGE OF BETWEEN $34 AND $37 MILLION
* VIQ SOLUTIONS INC - COVID-19 PANDEMIC IMPACTED AUSTRALIAN COURTS ABILITY TO CONDUCT HEARINGS, EXPECTED TO GENERATE 8%-12% LOWER 2020 REVENUE THAN EXPECTED
* VIQ SOLUTIONS INC - IN APRIL, VIQ RECEIVED A LOAN UNDER US PAYCHECK PROTECTION PROGRAM OF $2.1 MILLION
* VIQ SOLUTIONS INC - EARNINGS PER SHARE FOR 2020 WILL INCLUDE $0.41 PER SHARE IMPACT IN Q1 RELATED TO NON-CASH CHARGES ON NOTES CONVERSION
* VIQ SOLUTIONS INC - CURRENT BACKLOG OF BOOKED ORDERS BUT NOT YET DELIVERED IS APPROXIMATELY $3 MILLION
* VIQ SOLUTIONS INC - EXCLUDING ITEMS, NET LOSS PER SHARE IN Q1 WAS $0.06
* VIQ SOLUTIONS - RECOGNIZED NET $5.1 MILLION IN ONE-TIME, NON-CASH EXPENSES RELATED TO CONVERSION OF NOTES TO EQUITY IN Q1