Voxtur Announces Financial Results for the Year and Quarter Ended December 31, 2024
Voxtur Analytics reported its financial results for Q4 and full-year 2024. The North American real estate technology company saw annual revenue decrease to $45.7 million from $49 million in 2023, while gross profit declined to $28.9 million from $31.5 million.
Despite revenue challenges, the company achieved a significant 46% improvement in cash management, reducing cash used in operations by $13.2 million compared to 2023. Gross profit margins remained stable at 63% for 2024.
CEO Ryan Marshall highlighted the company's focus on operational efficiency, debt reduction, and strategic execution amid high mortgage rates and industry volatility. Following the November 2023 sale of its appraisal management business for $35.1 million, Voxtur is currently undergoing a strategic review announced in January 2025 to evaluate new opportunities.
Voxtur Analytics ha comunicato i risultati finanziari del quarto trimestre e dell'intero anno 2024. L'azienda nordamericana specializzata in tecnologia immobiliare ha registrato un calo del fatturato annuo, sceso a 45,7 milioni di dollari rispetto ai 49 milioni del 2023, mentre il profitto lordo è diminuito a 28,9 milioni da 31,5 milioni.
Nonostante le difficoltà nei ricavi, la società ha ottenuto un miglioramento significativo del 46% nella gestione della liquidità, riducendo il denaro utilizzato nelle operazioni di 13,2 milioni rispetto al 2023. I margini di profitto lordo sono rimasti stabili al 63% nel 2024.
Il CEO Ryan Marshall ha sottolineato l'attenzione dell'azienda sull'efficienza operativa, la riduzione del debito e l'esecuzione strategica in un contesto di tassi ipotecari elevati e volatilità del settore. Dopo la vendita a novembre 2023 del ramo di gestione delle valutazioni per 35,1 milioni di dollari, Voxtur sta attualmente conducendo una revisione strategica annunciata nel gennaio 2025 per valutare nuove opportunità.
Voxtur Analytics informó sus resultados financieros para el cuarto trimestre y el año completo 2024. La empresa norteamericana de tecnología inmobiliaria vio disminuir sus ingresos anuales a 45,7 millones de dólares desde 49 millones en 2023, mientras que la ganancia bruta bajó a 28,9 millones desde 31,5 millones.
A pesar de los desafíos en los ingresos, la compañía logró una mejora significativa del 46% en la gestión de efectivo, reduciendo el efectivo utilizado en operaciones en 13,2 millones en comparación con 2023. Los márgenes de ganancia bruta se mantuvieron estables en un 63% para 2024.
El CEO Ryan Marshall destacó el enfoque de la empresa en la eficiencia operativa, la reducción de deuda y la ejecución estratégica en medio de altas tasas hipotecarias y volatilidad en la industria. Tras la venta en noviembre de 2023 de su negocio de gestión de tasaciones por 35,1 millones de dólares, Voxtur está llevando a cabo una revisión estratégica anunciada en enero de 2025 para evaluar nuevas oportunidades.
Voxtur Analytics는 2024년 4분기 및 연간 재무 결과를 발표했습니다. 북미 부동산 기술 회사는 연간 매출이 2023년 4,900만 달러에서 4,570만 달러로 감소했으며, 총이익도 3,150만 달러에서 2,890만 달러로 줄었습니다.
매출 부진에도 불구하고 회사는 현금 관리에서 46%의 상당한 개선을 이루어 2023년 대비 영업 현금 사용액을 1,320만 달러 줄였습니다. 2024년 총이익률은 63%로 안정적으로 유지되었습니다.
CEO 라이언 마샬은 높은 모기지 금리와 산업 변동성 속에서 운영 효율성, 부채 감소, 전략적 실행에 집중하고 있음을 강조했습니다. 2023년 11월 평가 관리 사업부를 3,510만 달러에 매각한 후, Voxtur는 2025년 1월에 발표된 전략 검토를 진행 중이며 새로운 기회를 모색하고 있습니다.
Voxtur Analytics a publié ses résultats financiers pour le quatrième trimestre et l'année complète 2024. La société nord-américaine spécialisée dans la technologie immobilière a vu son chiffre d'affaires annuel diminuer à 45,7 millions de dollars contre 49 millions en 2023, tandis que le bénéfice brut est passé de 31,5 millions à 28,9 millions.
Malgré les défis liés aux revenus, l'entreprise a réalisé une amélioration significative de 46 % dans la gestion de trésorerie, réduisant la trésorerie utilisée dans les opérations de 13,2 millions par rapport à 2023. Les marges brutes sont restées stables à 63 % en 2024.
Le PDG Ryan Marshall a souligné la focalisation de l'entreprise sur l'efficacité opérationnelle, la réduction de la dette et l'exécution stratégique dans un contexte de taux hypothécaires élevés et de volatilité sectorielle. Suite à la vente en novembre 2023 de son activité de gestion des évaluations pour 35,1 millions de dollars, Voxtur procède actuellement à une revue stratégique annoncée en janvier 2025 afin d'examiner de nouvelles opportunités.
Voxtur Analytics veröffentlichte seine Finanzergebnisse für das vierte Quartal und das Gesamtjahr 2024. Das nordamerikanische Immobilien-Technologieunternehmen verzeichnete einen Rückgang des Jahresumsatzes auf 45,7 Millionen US-Dollar von 49 Millionen im Jahr 2023, während der Bruttogewinn von 31,5 auf 28,9 Millionen sank.
Trotz der Umsatzherausforderungen erzielte das Unternehmen eine signifikante Verbesserung des Cash-Managements um 46 % und reduzierte den in den Betrieb eingesetzten Cashflow im Vergleich zu 2023 um 13,2 Millionen. Die Bruttogewinnmargen blieben 2024 stabil bei 63 %.
CEO Ryan Marshall betonte den Fokus des Unternehmens auf operative Effizienz, Schuldenabbau und strategische Umsetzung angesichts hoher Hypothekenzinsen und Branchenvolatilität. Nach dem Verkauf des Bewertungsmanagement-Geschäfts im November 2023 für 35,1 Millionen Dollar befindet sich Voxtur derzeit in einer im Januar 2025 angekündigten strategischen Überprüfung, um neue Chancen zu evaluieren.
- Sale of AMC business completed for $35.1M CAD in November 2023
- 46% improvement in cash used in operations, reduced by $13.2M year-over-year
- Maintained healthy gross profit margin of 63% for full year 2024
- Active strategic review process with multiple interested parties
- Revenue declined by $3.2M to $45.7M in 2024 vs $49M in 2023
- Gross profit decreased by $2.6M compared to 2023
- Q4 2024 gross profit margin dropped to 58% from 61% in Q4 2023
- Ongoing macroeconomic challenges including high mortgage rates affecting business
TORONTO and TAMPA, Fla., April 30, 2025 (GLOBE NEWSWIRE) -- Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) ("Voxtur" or the "Company"), a North American technology company creating a more transparent and accessible real estate lending ecosystem, today announced its financial results for the three months and year ended December 31, 2024. The Company's Audited Consolidated Financial Statements for the year ended December 31, 2024, and the related Management's Discussion and Analysis ("MD&A") are available at www.sedarplus.ca and at www.voxtur.com.
Financial Results:
| Continuing Operations | Unaudited | Audited | |||||||||||
| Three months ended December 31 | Year ended December 31 | ||||||||||||
| (In thousands of Canadian dollars) | 2024 | 2023 | 2024 | 2023 | |||||||||
| Revenue 1 | $ | 9,307 | $ | 9,886 | $ | 45,737 | $ | 48,959 | |||||
| Gross profit 1 | 5,391 | 6,073 | 28,889 | 31,527 | |||||||||
| Gross profit as a % of Revenue 1 | |||||||||||||
1 Calculations include only the results from continuing operations and do not include results of discontinued operations. On November 1, 2023, the Company finalized the sale of its wholly owned appraisal management company (“AMC”) business for
Throughout 2024, the Company remained focused on implementing meaningful operational improvements and driving disciplined cost management. These efforts are reflected in full-year financial results, which show that while total revenue decreased by approximately
Further discussion with respect to the financial results can be found in the Company’s MD&A available at www.sedarplus.ca and at www.voxtur.com.
“Despite macroeconomic uncertainty, including persistently high mortgage rates and industry volatility, we are staying focused on the fundamentals we can control — operational efficiency, debt reduction, and strategic execution,” said Ryan Marshall, CEO. “With leadership transitions behind us, we believe 2025 is a pivotal year to reposition the business and unlock long-term value.”
In connection with the strategic review process announced in January 2025, the Company continues to work closely with its advisor to evaluate a number of opportunities. No material updates are available at this time; however, the Company remains actively engaged in the process of evaluating the economic value and long-term alignment of each of the opportunities in front of us. The Company intends to host a shareholder call once there is material progress to report.
“We are encouraged by the level of interest in various components of our business and continue to evaluate each opportunity with discipline,” added Marshall. “Our focus remains on pursuing outcomes that are both financially and strategically sound for the company and its stakeholders.”
About Voxtur
Voxtur is a proptech company. The company offers targeted data analytics to simplify the multifaceted aspects of the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur’s proprietary data hub and workflow platforms more accurately and efficiently value real estate assets, providing critical due diligence that enables market participants to effectively originate, trade, or service defaults on mortgage loans. As an independent and transparent mortgage technology provider, the company offers primary and secondary market solutions in the United States and Canada. For more information, visit www.voxtur.com.
Forward-Looking Information
This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) which reflect the expectations of management regarding the Company’s future growth, financial performance and objectives and the Company’s strategic initiatives, plans, business prospects and opportunities. These forward-looking statements reflect management’s current expectations regarding future events and the Company’s financial and operating performance and speak only as of the date of this press release. By their very nature, forward-looking statements require management to make assumptions and involve significant risks and uncertainties, should not be read as guarantees of future events, performance or results, and give rise to the possibility that management’s predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that the assumptions may not be correct and that the Company’s future growth, financial performance and objectives and the Company’s strategic initiatives, plans, business prospects and opportunities, including the duration, impact of and recovery from the COVID-19 pandemic, will not occur or be achieved. Any information contained herein that is not based on historical facts may be deemed to constitute forward-looking information within the meaning of Canadian and United States securities laws. Forward-looking information may be based on expectations, estimates and projections as at the date of this news release, and may be identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions. Forward-looking information may include but is not limited to the anticipated financial performance of the Company and other events or conditions that may occur in the future. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the information is provided. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance, or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information include but are not limited to: additional costs related to acquisitions, integration of acquired businesses, and implementation of new products; changing global financial conditions, especially in light of the COVID-19 global pandemic; reliance on specific key employees and customers to maintain business operations; competition within the Company’s industry; a risk in technological failure, failure to implement technological upgrades, or failure to implement new technological products in accordance with expected timelines; changing market conditions related to defaulted mortgage loans, and the failure of clients to send foreclosure and bankruptcy referrals in volumes similar to those prior to the COVID-19 global pandemic; failure of governing agencies and regulatory bodies to approve the use of products and services developed by the Company; the Company’s dependence on maintaining intellectual property and protecting newly developed intellectual property; operating losses and negative cash flows; and currency fluctuations. Accordingly, readers should not place undue reliance on forward-looking information contained herein. Factors relating to the Company’s financial guidance and targets disclosed in this press release include, in addition to the factors set out above, the degree to which actual future events accord with, or vary from, the expectations of, and assumptions used by, Voxtur's management in preparing the financial guidance and targets.
This forward-looking information is provided as of the date of this news release and, accordingly, is subject to change after such date. The Company does not assume any obligation to update or revise this information to reflect new events or circumstances except as required in accordance with applicable laws.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Voxtur's common shares are traded on the TSX Venture Exchange under the symbol VXTR and in the US on the OTCQB under the symbol VXTRF.
Company Contact:
Jordan Ross
Tel: (416)708-9764
jordan@voxtur.com
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