Voxtur Analytics Corp Stock Price, News & Analysis

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.

Voxtur Analytics Corp. announced the acquisition of Municipal Tax Equity Consultants Inc. and MTE Paralegal Professional Corporation for up to $4.4 million. This transaction, set to close by July 1, 2022, aims to enhance Voxtur's technology solutions for municipalities, potentially boosting efficiency and maximizing property tax revenues.

Financially, the acquisition is expected to bring positive EBITDA immediately. The deal involves a mix of cash and common shares, with an initial $800,000 to be paid in shares at $0.99 each.

Voxtur Analytics Corp reported a remarkable 182% increase in revenue for Q1 2022, totaling $40.8 million, compared to Q1 2021. Revenue from US operations represented 96% of total revenue, up from 87% year-over-year. Gross profit also soared by 93%, reaching $13.9 million. The company continues to develop its SaaS-based solutions, enhancing market share through strategic partnerships and reinvesting profits for growth. The earnings call is scheduled for May 31, 2022, to discuss these results.

Voxtur Analytics Corp. (OTCQB: VXTRF) will release its financial results for the first quarter ending March 31, 2022, on May 30, 2022. The company aims to enhance the real estate lending ecosystem through technology. A conference call is scheduled for May 31, 2022, at 9 a.m. ET, where management will discuss the financial results and recent developments. Interested participants can access the call by dialing (866) 374-5140. A recording will be available until June 30, 2022, for those unable to join live.