Voxtur Analytics Corp
XTSX:VXTR
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Voxtur Analytics Corp
Voxtur Analytics Corp. is a transformational real estate technology company. The company is headquartered in London, Ontario. The company went IPO on 2007-08-31. The firm offers a real estate valuation platform with technologies that leverage the power of data designed to address real estate valuation market. The firm's platform provides software and data licenses and technology managed services to the real estate industry, serving primarily the property lending and property tax sectors, both public and private, in the United States (US) and Canada. As a fully integrated valuation technology company it enables its clients to value assets, fund loans, securitize portfolios and to analyze and update property tax assessments. The firm offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle for investors, lenders, government agencies and servicers.
Voxtur Analytics Corp. is a transformational real estate technology company. The company is headquartered in London, Ontario. The company went IPO on 2007-08-31. The firm offers a real estate valuation platform with technologies that leverage the power of data designed to address real estate valuation market. The firm's platform provides software and data licenses and technology managed services to the real estate industry, serving primarily the property lending and property tax sectors, both public and private, in the United States (US) and Canada. As a fully integrated valuation technology company it enables its clients to value assets, fund loans, securitize portfolios and to analyze and update property tax assessments. The firm offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle for investors, lenders, government agencies and servicers.
Revenue Decline: Q3 revenue from continuing operations fell to $8.5 million from $10.1 million last year, mainly due to lower settlement services and software licensing revenues.
Cost Cuts: Monthly operating expenses have been reduced substantially, from $2.7 million USD in January to $1.6–$1.7 million USD currently, with further cost savings expected.
Gross Profit Margin Recovery: Gross profit margins are trending back up to 63–64%, after having dipped to 58% in Q3.
EBITDA Improvement: The company is now trending at EBITDA neutral or slightly positive levels, with gross profit roughly matching operating expenses.
2024 and 2025 Outlook: Forecasts for 2024 gross profit are $25–28 million CAD including Blue Water; with moderate growth and current clients, 2025 gross profit could rise to $30.3–33 million CAD and EBITDA could reach $4–7 million CAD.
Blue Water Status: Sale of a controlling interest in Blue Water is pending; company is prepared for all outcomes and currently operates as if it still owns 100%.
Focus on Profitability: Management has shut down unprofitable projects and streamlined operations to focus on profitable, scalable products and services.
