Voxtur Analytics Corp V.VXTR

RE:The birth of new company and growth story

[Stranius]

Thanks for bringing my attention to this hidden gem. I really like this company for a number of reasons.

iLOOKABOUT provides software and data services in the real estate valuation sector. They employ a Software as a Service (SaaS) business model that provides software services to clients for a fee. The inherent benefit of this business model is that it has a natural tail wind, one that most other businesses would love to have. Selling subscription software services for a fee leads to sales with a low variable costs and a high gross margin (high operating leverage). Each new incremental customer to iLOOKABOUT costs the company next to nothing, but represents a meaningful revenue stream.

So who are the iLOOKABOUT clients? The client base is one that is interested in accurate valuation of real estate properties for a host of reasons. iLOOKABOUT specializes in providing this valuation solution through its platform offering.

Here is a brief summary about the iLOOKABOUT offering and the general business:
 

• GeoView Port is the flagship product that is currently the flag ship product for the company
• Real Property Tax Analytics and Professional Services round out the other revenue generating segments
• ReBloc platform is currently in development - ReBloc
• The recently announced Clarocity acquisition (link) is transformational for the company based on a peers valuation comparison (see below)
• Current revenue split is ~20% in US and 80% in Canada but this is expected to shift meaningfully to the US with the Clarocity acquisition (more below)
• Current revenue split is ~90% visual & data services and 10% consulting

So what does the new Clarocity acquisition bring to iLOOKABOUT? Here is a snapshot from the corporate presentation:

The Clarocity acquisition is expected to dramatically diversify the current, mainly Canadian customer base to one that entails large US household names that have a need for real estate valuation services from a much larger pool of US clients. The recent acquisition is now being digested and the operational impact will soon be seen hitting the bottom line. The company's own pro-forma 2019 revenues are projected to be ~$30M.



Although these projected revenue targets may be somewhat high for 2019 given it has take longer than expected to close the Clarocity transaction, the impact of the delay may introduce a 4 month lag in reaching the run rate projected by the company in it's latest corporate deck (link).

So how does iLOOKABOUT compare to its peers given the above impact that the Clarocity acquisition is expected to have? Below is a condensed peers comparison valuation table from the company's investor presentation that looks at how iLOOKABOUT compares with its immediate peer group after the Clarocity acquisition when trading at $0.14 and $0.30 (fully diluted).



This peers comparison table shows that on any of the four metrics outlined in blue, iLOOKABOUT clearly stands out as a compelling player in the real estate valuation & technology space on a relative value basis. The missing link between where iLOOKABOUT stands right now and the above valuation table is proving that it CAN deliver.

So how do we know that management is capable of delivering on the revenue targets presented in their corporate deck? One need not look any further than the track record of the iLOOKABOUT's chairman, Gary Yeoman. His bio clearly indicates that iLOOKABOUT is not Gary's first rodeo.



~S

TXRogers wrote: I have been watching this story unfold very closely and has chosen this time to finally make an introductory post concerning ILA.

First and foremost, I am investor in this company.  ILA constitutes a significant portion of my portfolio.  Not so much because of anything that I have read to date on this board, but because of the undelying facts behind the comnpany itself.  I know them.  And I am extremely happy with what I see and the obstacles that have been overcome to date.

It is run by a real management team that knows how to build world class companies.  They have done so in the past and are about to do so again.  Prior to forming ILA, Gary Yeoman (Chairman and CEO) founded and served as CEO of Altus Group (TSX: AIF), a $1.29B Market Cap real estate software, data and analytics company. He led Altus through an IPO in 2005 and a 7-year growth period during which the company realized a 333% increase in revenues from $75M to approximately $325M.

The share structure is very tightly held and the company has a solid business plan going forward.  The business is in the right place and in my opinion is about to get bigger very fast.  

This is exactly where an investor needs to be in times of possible economic strife and recession.  iLookAbout provides software and data services in the real estate valuation sector catering to three industry groups:

1. Lending and Asset Management

2. Insurance

3. Government

 

Look at the potential client base post-Clarocity acquisition as disclosed in their own corporate presentation:

 

• JP Morgan

• Freddie Mac

• Old Republic

• Fannie Mae

Web Site:       https://www.ilookabout.com/
Presentation: https://www.ilookabout.com/investor-relations/investor-presentations/
 

 

I have every intention to be there for this ride as this company takes off.  

Tx