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Voxtur Announces Financial Results Delay for Q2 2025
Globenewswire· 2025-08-29 23:10
Core Viewpoint - Voxtur Analytics Corp. has announced a delay in filing its financial results for Q2 2025, which is expected to lead to a cease trade order from regulatory authorities in Canada [1][2][3] Group 1: Financial Reporting - The company will not file its financial results for the second quarter ended June 30, 2025, by the required deadline of August 29, 2025 [1] - The delay is attributed to the company awaiting information related to certain material developments necessary for completing its financial statements [2] - An update will be provided once a revised filing date has been determined [2] Group 2: Regulatory Implications - Due to the delay, the company anticipates being noted in default by applicable securities regulatory authorities in Canada [3] - The Ontario Securities Commission is expected to issue a 'failure-to-file' cease trade order (CTO), prohibiting any trading in the company's securities until the required filings are completed [3] - The CTO will also likely result in the suspension of the company's shares from trading on the TSX Venture Exchange until the CTO is revoked [3] Group 3: Company Overview - Voxtur is a proptech company that provides targeted data analytics to simplify the lending lifecycle for various market participants [4] - The company offers primary and secondary market solutions in the United States and Canada, focusing on accurate and efficient real estate asset valuation [4]
Voxtur Announces Results of Annual and Special Meeting of Shareholders
Globenewswire· 2025-07-02 13:00
Company Overview - Voxtur Analytics Corp. is a North American technology company focused on creating a transparent and accessible real estate lending ecosystem [1] - The company provides targeted data analytics to simplify the lending lifecycle for various market participants, including investors, lenders, and government agencies [4] Shareholder Meeting Outcomes - At the Annual and Special Meeting of Shareholders, the resolution to set the number of directors at four was approved, and the following individuals were elected as directors: Michael Harris, Allan Bezanson, Ray Williams, and Gary Yeoman [2] - The appointment of MNP LLP as the Company's auditor was approved, along with the ratification of the Long-Term Incentive Plan (LTIP) [3] Company Services - Voxtur offers proprietary data hub and workflow platforms that enhance the accuracy and efficiency of real estate asset valuation, facilitating critical due diligence for market participants [4] - The company operates as an independent mortgage technology provider, offering solutions for both primary and secondary markets in the United States and Canada [4]
Voxtur Provides Company Update
Globenewswire· 2025-06-04 20:00
Core Viewpoint - Voxtur Analytics Corp. is undergoing significant transformation amidst challenging market conditions, focusing on long-term sustainability rather than short-term gains [2][4]. Financial Performance - Recent financial statements may appear stark, but the underlying reality is more nuanced, reflecting the complexities of the current market [2][3]. - The company has addressed historical inefficiencies, with ongoing cost reductions not yet fully reflected in financials [5]. Strategic Initiatives - A strategic review process initiated in January 2025 has led to multiple Letters of Interest, indicating potential transactions that could enhance the company's debt structure and achieve positive EBITDA [6]. - The Executive Chairman has waived his salary, with the financial impact expected to be seen in the second quarter of 2025 [5]. Legal Matters - The company acknowledges ongoing legal proceedings that have become public but refrains from commenting on these matters outside of required disclosures [7]. Future Outlook - Voxtur plans to hold a shareholder update and Q&A session at an appropriate time, emphasizing the resilience of the team and the potential of its platform to navigate current challenges [8].
Voxtur Announces Financial Results for the Year and Quarter Ended December 31, 2024
Globenewswire· 2025-04-30 12:00
Core Viewpoint - Voxtur Analytics Corp. reported its financial results for the year ended December 31, 2024, highlighting a focus on operational efficiency and cost management despite a decline in revenue and gross profit [1][3]. Financial Performance - For the three months ended December 31, 2024, revenue was CAD 9,307,000, a decrease from CAD 9,886,000 in the same period of 2023 [2]. - For the year ended December 31, 2024, total revenue was CAD 45,737,000, down from CAD 48,959,000 in 2023 [2]. - Gross profit for the three months ended December 31, 2024, was CAD 5,391,000, compared to CAD 6,073,000 in 2023 [2]. - Gross profit for the year ended December 31, 2024, was CAD 28,889,000, down from CAD 31,527,000 in 2023 [2]. - Gross profit as a percentage of revenue was 58% for the three months ended December 31, 2024, compared to 61% in the same period of 2023 [2]. Operational Improvements - The company reduced cash used in operations by approximately CAD 13.2 million, representing a year-over-year improvement of about 46% [3]. - The company anticipates continued operational improvements into early 2025 as efficiencies take full effect [3]. Strategic Focus - The CEO emphasized the importance of operational efficiency, debt reduction, and strategic execution amid macroeconomic uncertainties [5]. - The company is actively engaged in a strategic review process to evaluate various opportunities for long-term value creation [5][6].