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Voxtur Analytics Corp V.VXTR

Alternate Symbol(s):  VXTRF

Voxtur Analytics Corp. is a real estate technology company. It offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle for investors, lenders, government agencies and servicers. Its proprietary data hub and workflow platforms more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax assessments. It serves the property lending and property tax sectors, both public and private, in the United States and Canada. It has developed a Web-based enterprise platform and database to deliver offerings, such as software and data licenses, technology-managed services, and settlement services. Software and Data Licenses include digital platforms that allow mortgage originators and investors to view their mortgage asset portfolios and analyze transactional data in real time. Settlement Services include provision of full-service title, escrow and closing services.


TSXV:VXTR - Post by User

Post by Betteryear2on Aug 30, 2021 5:50pm
264 Views
Post# 33785695

Results for Q2 2021 Ended June 30, 2021

Results for Q2 2021 Ended June 30, 2021

Q2 2021 Highlights

  • Revenue increased 25% over Q1 2021 and 301% over Q2 2020
  • YTD Revenue is $32M, a 238% increase Year-over-Year
  • 89% of Revenue for Q2 2021 and YTD 2021 was derived from U.S. Operations — up from approximately 59% for the same time periods in 2020
  • The Company ended Q2 2021 with cash and cash equivalents of $38M

TORONTO and TAMPA, Fla., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF("Voxtur" or the "Company"), a technology company creating a more transparent and accessible real estate lending ecosystem, announced today its Unaudited Condensed Interim Consolidated Financial Statements for the three and six months ended June 30, 2021 and 2020, and the related Management’s Discussion and Analysis (“MD&A”), are available at www.sedar.com and on the Company’s website at https://www.voxtur.com/investors.

“We are thrilled to report another strong quarter and anticipate continuing this positive momentum into remainder of the fiscal year,” stated Voxtur CEO, Jim Albertelli. “Our mission has always been to become the largest and most trusted provider of data, SaaS-based applications, and tech-enabled services in the property technology space. In a very short timeframe, our team has built the key foundational pieces and established a strategic path for Voxtur’s transition to a SaaS-based revenue model. It is an exciting time for the Company, and I am confident in our team's ability to execute.”

“What makes Voxtur unique within the property technology landscape is having the only fully digitized, AI-enabled valuation platform in North America, as a result of acquiring Anow in April," said Albertelli. "The platform is rapidly becoming the industry standard with its end-to-end encryption and customizable workflow that delivers valuation data elegantly and in a secure environment. This will allow our clients to move from an outdated PDF-enabled industry standard to a fully digitized platform with three times the speed and efficiency at a fraction of the cost.”

Financial Results for Q2 2021

  • Q2 2021 and YTD 2021 Revenue and Gross Margin increased Quarter-over-Quarter and Year-over-Year
  • Q2 2021 Revenue was $18M, which represents a 25% increase over Q1 2021 and a 301% increase over Q2 2020
  • YTD Revenue is $32M - a 238% increase Year-over-Year
  • 89% of Revenue for Q2 2021 and YTD 2021 was derived from U.S. operations, up from approximately 59% for the same time periods in 2020
  • The Company ended Q2 2021 with cash and cash equivalents of $38M
https://www.globenewswire.com/news-release/2021/08/30/2288719/0/en/Voxtur-Analytics-Announces-Results-for-Q2-2021-Ended-June-30-2021.html
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