Welcome to our dedicated page for Voxtur Analytics news (Ticker: VXTRF), a resource for investors and traders seeking the latest updates and insights on Voxtur Analytics stock.
Voxtur Analytics Corp (VXTRF) delivers innovative PropTech solutions through advanced data analytics and digital workflow platforms for the mortgage and real estate sectors. This news hub provides investors and industry professionals with timely updates on corporate developments, strategic initiatives, and market positioning.
Access official press releases and curated analysis covering earnings announcements, technology partnerships, product enhancements, and regulatory developments. Our repository ensures stakeholders stay informed about Voxtur's progress in transforming property valuation processes and lending lifecycle management across North American markets.
Key updates include product launch details, strategic acquisitions, and financial performance reports that impact Voxtur's role in mortgage technology ecosystem. Bookmark this page for verified information about the company's data-driven solutions for lenders, servicers, and government agencies.
A group of Voxtur shareholders, including former chairman Nicholas H. Smith, is pushing for a major overhaul of the company's board at the upcoming Annual General and Special Meeting (AGSM) scheduled for June 28, 2024. The Voxtur Shareholders for Accountability, holding about 19% of the company's shares, are advocating for six new board members due to significant financial declines under the current management. The company has faced losses in each of the past five years, including a Q4 2023 adjusted EBITDA loss of C$3.9 million and a Q1 2024 loss of C$665,000. The group's nominees include seasoned professionals like Alan P. Qureshi, who is proposed as the new CEO. They aim to implement a long-term strategic plan, streamline expenses, and enhance transparency in financial reporting. The current board is criticized for lacking a coherent strategic plan, experiencing high turnover, and incurring excessive costs.
Voxtur Analytics Corp (TSXV: VXTR; OTCQB: VXTRF) announced its intention to issue 987,487 common shares valued at US$0.0769 (C$0.1044) per share to settle a debt of US$75,931 (C$103,130) owed to a former executive. This shares-for-debt transaction, subject to TSX Venture Exchange approval, is part of Voxtur's strategy to manage its financial obligations. The issued shares will have a hold period of four months and one day from the issuance date.
Voxtur Analytics Corp. (TSXV: VXTR, OTCQB: VXTRF) announced its financial results for Q1 2024. Revenue increased to CAD 13.376 million, up from CAD 12.637 million in Q1 2023. Gross profit also rose to CAD 9.018 million, representing 67% of revenue, up from 62% in the previous year. The company reported an adjusted EBITDA of CAD -665k, a significant improvement from CAD -4.327 million in Q1 2023. Voxtur emphasizes debt reduction and strategic growth, focusing on new technology development and operational efficiency. Full financial details are available on SEDAR+ and Voxtur's website.
Voxtur Analytics Corp. announced its financial results for the year and quarter ended December 31, 2023, highlighting the sale of its appraisal management company, resulting in debt repayment and annual savings of $8.2M. Revenue from continuing operations decreased to $9,886 in Q4 2023 from $20,263 in Q4 2022, while gross profit increased to $6,073 from $9,881. Adjusted EBITDA for continuing operations showed a loss of $3,915 in Q4 2023, compared to a loss of $1,468 in Q4 2022.
FAQ
What is the current stock price of Voxtur Analytics (VXTRF)?
What is the market cap of Voxtur Analytics (VXTRF)?
