Voxtur Analytics Corp Stock Price, News & Analysis

Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) announced the grant of 1,232,863 stock options and 1,754,565 restricted share units to certain officers as part of its Long-Term Incentive Plan. The stock options, priced at CAD$0.48, will expire in five years if unexercised. A portion of the options vested immediately, while others will vest over the next two years. Similarly, the RSUs will vest over a three-year period. This initiative aims to align the interests of the management team with the company’s long-term performance.

Voxtur Analytics Corp. has successfully completed the acquisition of Blue Water Financial Technologies, valued at approximately US$101 million. The deal includes a $30 million cash payment and 170 million common shares, enhancing Voxtur's revenue in both primary and secondary mortgage markets. Blue Water, with US$18 million in revenue for the TTM ending July 31, 2022, will synergize with Voxtur's data solutions. Additionally, Voxtur is expanding its credit facilities by US$30 million to support the acquisition.

Voxtur Analytics Corp. (VXTRF) announced a new product, the Voxtur Attorney Opinion Letter (AOL), which serves as a cost-effective alternative to title insurance for lenders and consumers. This launch involves partnerships with several lenders, including a major bank. The Voxtur AOL enhances lender profitability through competitive pricing and reduced risk while offering comprehensive coverage for home loans. CEO Jim Albertelli emphasized the goal of making homeownership more accessible amid rising housing costs.

Voxtur Analytics Corp. (VXTRF) reported strong financial results for Q2 2022, with revenue up 111% year-over-year, reaching $38 million, and year-to-date revenue increasing 143% to $78.9 million. Gross profit also saw substantial growth, up 53% to $12.7 million in Q2 and 72% year-to-date to $26.6 million. The company is focused on innovation, launching several new technology solutions and acquiring Blue Water Financial, enhancing its capabilities in the U.S. capital markets. The outlook remains positive as Voxtur aims for continued growth and operational excellence.

Voxtur Analytics Corp. (VXTRF) will release its financial results for Q2 2022 on August 29, 2022, after market close. The related documents will be available on SEDAR and the company's website. A conference call to discuss the results is scheduled for August 30, 2022, at 8:30 a.m. ET. Interested parties can access the call live by dialing (866) 374-5140. Voxtur is focused on improving transparency in the real estate lending ecosystem through innovative data analytics and technology.

Voxtur Analytics Corp. has executed a purchase agreement to acquire Blue Water Financial Technologies for approximately USD $101 million. This strategic acquisition, effective August 12, 2022, aims to enhance Voxtur's technology offerings in the U.S. secondary mortgage market. Blue Water provides vital SaaS-based solutions that optimize mortgage asset portfolios. The integration is expected to be immediately accretive to Voxtur's earnings and expand its market influence. The deal includes a cash payment and issuance of common shares over several years.

Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) has launched two new desktop appraisal review products, Retrospective Appraisal Credibility Review (RACR) and RACRPro, designed to enhance the credibility of real estate appraisals. These tools utilize the Voxtur Verified property database to analyze original appraisal values and provide revised values as necessary. Developed in compliance with USPAP standards, both products aim to improve efficiency in the secondary mortgage market and are available in all 50 states.

Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) has successfully completed its acquisition of Municipal Tax Equity Consultants Inc. (MTEC) and MTE Paralegal Professional Corporation (MTEP) for a total purchase price of $4.4 million. MTE specializes in technology-enabled solutions for municipal governments to enhance property tax revenue and manage operations. The acquisition will strengthen Voxtur's data analytics capabilities and expand its presence in the property tax sector, benefiting municipalities through innovative software and services.

Voxtur Analytics Corp. held its Annual and Special Meeting of Shareholders on June 14, 2022. Key outcomes included approving a board of nine directors, appointing Marcum LLP as the auditor, and endorsing a share consolidation of up to 20:1 pending TSX Venture Exchange approval. A Long-Term Incentive Plan (LTIP) was also approved, allowing equity awards to various stakeholders capped at 10% of issued shares. Executive appointments included Gary Yeoman as Executive Chairman and James Albertelli as CEO. These decisions are part of Voxtur's strategy for growth and innovation in the real estate lending sector.