Voxtur Analytics Corp Stock Price, News & Analysis

Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) announced on April 3, 2023, that Marcum LLP has voluntarily resigned as the Company's auditor as of March 31, 2023. The Board has accepted this resignation and is now in the process of selecting a new auditor. Due to the timing of this change, Voxtur estimates it may not be able to file its audited financial statements by the May 1 deadline, leading to plans for a temporary management cease trade order (MCTO) to restrict trading by its CEO and CFO until the company meets its filing obligations. This situation could affect investor confidence and the company's operations in the short term.

Voxtur Analytics Corp. (VXTRF) announced the sale of a promissory note from James E. Albertelli, P.A. (JEAPA) for USD$7,818,400, against an outstanding balance of USD$9,773,000. This transaction highlights a strategic shift towards a pure SaaS model while eliminating related party debt. JEAPA, facing financial strains due to the COVID-19 pandemic, executed the note to document accrued fees to Voxtur. The company has also amended its service agreement with JEAPA, moving to a per-file fee model. The deal attracted two strategic investors with extensive experience in the mortgage market, enhancing Voxtur's growth potential amid recent product launches.

Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) announced the appointment of Chad Neel as the new Chief Operating Officer. Neel brings over 30 years of experience in mortgage finance and real estate, previously serving at McCarthy & Holthus and Lender Processing Services. His expertise in integrating acquired companies and improving operational efficiency is expected to enhance Voxtur's market position after recent growth. This cost-neutral addition aims to drive strategic growth and accountability within the company, as emphasized by CEO Jim Albertelli.

Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) announced the resignation of Angela Little as Chief Financial Officer, effective February 5, 2023, to pursue another opportunity. The company expressed gratitude for her contributions over the past two years. Robin Dyson, who served as Chief Accounting Officer for two years, will take over as interim CFO. Dyson previously held the CFO position at iLOOKABOUT Corp. before its merger with Voxtur in 2021. The company is focused on enhancing its real estate lending ecosystem through innovative technology and data analytics, serving both public and private sectors across North America.

Voxtur Analytics Corp. (VXTRF) announced that its president, Alan Qureshi, purchased 5,279,874 common shares at C$0.28 each from existing shareholders. This acquisition reflects Mr. Qureshi's confidence in the company's prospects, with his ownership now totaling 30.2%. Voxtur has experienced growth through new technology products and acquisitions, enhancing its position in the real estate lending sector. The company aims to improve consumer experience and reduce homeownership costs.

Voxtur Analytics Corp. has announced that a top mortgage servicer and bank will implement Voxtur AOL™ in Q1 2023, a service that can cut title insurance costs for homebuyers by 20% to 70%. This initiative aims to reduce closing costs significantly, potentially saving buyers hundreds to thousands of dollars. Voxtur AOL is increasingly gaining traction, backed by approvals from Fannie Mae, Freddie Mac, and the Veterans Administration. It is available nationwide, enhancing Voxtur's market reach in the real estate lending sector.

Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) has appointed Nicholas Smith to its board of directors, effective immediately. This follows the resignation of Mark Volosov on December 13, 2022. Smith, with nearly 25 years of experience in mortgage finance, previously held executive roles at Blackstone Group and is the founder of Rice Park Capital. Voxtur's Executive Chairman, Gary Yeoman, expressed confidence in Smith's potential to contribute to the company's growth. Voxtur aims to enhance home ownership access and reduce borrowing costs through innovative technology.

Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) has announced an exclusive partnership with a prominent mortgage servicing aggregator through its capital markets division, Blue Water Financial Technologies. This collaboration will enhance mortgage asset transactions by providing tools for pricing, commitment, transfer, underwriting, and due diligence. Blue Water will supply advanced technologies, including its flagship products such as Blue Rate and MSR-X, to optimize the trading experience for mortgage servicing rights (MSRs). This partnership aims to create steady revenue streams and improve asset liquidity.

Voxtur Analytics Corp. (VXTRF) announced its Q3 2022 financial results with revenue growth of 44% compared to Q3 2021, totaling $35,544 thousand. Year-to-date (YTD) revenue increased by 100% over the previous year, reaching $114,446 thousand. The gross profit also saw a 42% rise for Q3 and 60% YTD. Voxtur is focusing on organic growth amid challenging macroeconomic conditions and is expanding its services, including a new title insurance alternative approved for Veterans Administration use.