Voxtur Announces Second Quarter 2022 Results (Ending June 30, 2022)

Q2 2022 Highlights:

• Q2 2022 revenue increased 111% over Q2 2021 revenue

• YTD 2022 revenue increased by 143% over YTD 2021 revenue

• Q2 2022 gross profit increased 53% over Q2 2021

• YTD 2022 gross profit increased by 72% over YTD 2021

TORONTO & TAMPA, FL, August 29, 2022 (GLOBE NEWSWIRE) — Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) (“Voxtur” or the “Company”), a North American technology company building a more transparent and accessible real estate lending ecosystem, today completed the three and six months ended June 30, 2022. announced its financial results. The consolidated financial statements for the second quarter of 2022 and related management discussion and analysis (“MD&A”) are available at sedar.com and on his website of the Company.

Voxtur’s innovative data-driven technology continues to drive efficiencies within the industry. Recent macroeconomic shifts have led to corporate restructuring efforts focused on significant growth opportunities, EBITDA margins and positive cash flow.

The Company includes Voxtur AOL, a Fannie Mae and Freddie Mac-approved title insurance alternative; Voxtur Direct, a direct-to-appraiser valuation solution; and a proprietary platform that streamlines mortgage default and foreclosure workflows. , launched several organic growth initiatives. These initiatives are in various stages of implementation with his Voxtur clients, including national banks and alternative lenders, and the company expects to continue rolling out these products in the third and fourth quarters.

The company also announced on August 15, 2022, the acquisition of Blue Water Financial Technologies (“Blue Water”). This is a strategic acquisition that will expand his Voxtur influence in the US capital markets and accelerate the company’s transformation into a pure-play technology provider. North American mortgage market. The acquisition combines Blue Water’s digital asset capabilities with Voxtur’s proprietary data store to create a powerful new platform that provides a core solution for enhancing trading, pricing and due diligence of mortgage-backed securities. increase.

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“As we bring Wall Street to Main Street with our acquisition of Blue Water, our strategic focus remains on growth, profitability and innovation,” said Jim Albertelli, CEO of Voxtur. The platform for growth and operational excellence has never been stronger. Our strategies, goals and objectives reinforce each other to reduce costs for consumers and investors and increase equity for our shareholders. “

Second Quarter 2022 Results

• Q2 2022 revenue was $38 million, an increase of 111% from Q2 2021.

• YTD 2022 revenue was $78.9 million, up 143% from YTD 2021.

• Q2 2022 gross profit was $12.7 million, up 53% from Q2 2021.

• YTD 2022 gross profit was $26.6M, up 72% from YTD 2021.

A discussion of the above results can be found in our MD&A.

¹ Adjusted EBITDA is an unaudited, non-GAAP measure that does not have a standardized meaning as required by IFRS and may not be comparable to similar measures used by other reporting issuers. Management believes Adjusted EBITDA provides meaningful information about the company’s financial performance and value because it excludes items that may mask underlying trends in performance. Adjusted EBITDA is defined and calculated as earnings (loss) before interest, taxes, depreciation of property, plant and equipment, intangible and right-of-use assets, stock-based compensation expense and foreign exchange gains (losses). Through profit and loss and other expenses or income are: (i) non-commercial; (ii) non-recurring; and/or (iii) is associated with a strategic initiative; We do not reasonably expect to incur income or expenses of a similar nature within the next two years and have not incurred them in the preceding two years, and if such expenses are material. classified as non-recurring.

Events beyond Q2 2022

• Voxtur announces the completion of the acquisition of Municipal Tax Equity Consultants Inc. and its affiliate MTE Paralegal Professional Corp. The acquisition strengthens the property tax business and expands the reach of Voxtur’s target data and industry expertise.
  Release date: July 5, 2022

• We announced the launch of our new desktop rating review product, RACR. This technology solution leverages the Voxtur Verified property database to validate valuation reports, providing a low-cost valuation option to the underserved secondary mortgage market.
  Release date: July 26, 2022

• Voxtur announced that it has signed a purchase agreement for Blue Water. This is an acquisition that brings Voxtur’s suite of technologies to the secondary mortgage market and provides synergistic opportunities for both customer bases.
  Release Date: August 15, 2022

Voxtur aims to be the largest and most trusted provider of data, SaaS-based solutions and technology-enabled services for the real estate lending lifecycle.

Financial results briefing

The company will host a conference call on August 30, 2022 at 8:30 a.m. ET to discuss the details of the company’s second quarter results, followed by a Q&A with analysts.

The conference call can be accessed live by dialing (866) 374-5140 5 minutes prior to the scheduled start time. The conference pin is 50275212#.

Digital recordings can be played by entering passcode EV00136869 until November 30, 2022 at 11:59 PM ET. Alternatively, you can access call recording from his website on Voxtur.

About Boxster

Voxtur is an innovative real estate technology company redefining industry standards in dynamic lending environments. The Company provides targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur’s unique data hub and workflow platform more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax valuations. The Company serves the public and private real estate lending and property tax sectors in the United States and Canada. For more information, please visit www.voxtur.com.

Forward-Looking Information

This news release contains certain forward-looking statements and forward-looking statements that reflect management’s expectations regarding our future growth, financial performance and objectives, and our strategic initiatives, plans and business prospects. It contains information (collectively, “forward-looking information”). and opportunity. These forward-looking statements reflect management’s current expectations regarding future events and the Company’s financial and operating results, and speak only as of the date of this press release. Forward-looking statements, by their nature, require management to make assumptions and are subject to significant risks and uncertainties. They should not be construed as guarantees of future events, performance or results. or that the conclusions may not prove to be accurate, the assumptions may be incorrect, and the Company’s future growth, financial performance and goals, and the Company’s strategic initiatives, plans, business prospects and opportunities (period, (including impact and recovery) COVID-19 pandemic will not occur or be achieved. Information contained herein that is not based on historical fact may be considered forward-looking information within the meaning of Canadian and US securities laws. Forward-looking information may be based on expectations, estimates and projections as of the date of this news release and May be identified by the words “could”, “could”, and “could”. “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions. Forward-looking information includes, but is not limited to, our anticipated financial performance and other events or circumstances that may occur in the future. Investors make forward-looking statements based on management’s opinions, assumptions and estimates that were believed to be reasonable at the time the information was provided, rather than based on historical facts. Please note that they reflect estimates or projections as to results or events. Although we believe that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties that are unknown or unpredictable. undue reliance should not be placed on such information, as such factors could materially and adversely affect future results and operating results. , or our performance. The principal factors that could cause actual results to differ materially from those projected by the forward-looking information include, but are not limited to: additional costs associated with acquisitions, integration of acquired businesses and implementation of new products; Changes in global financial conditions, especially in light of the COVID-19 pandemic. We rely on certain key employees and customers to maintain business operations. Competition within our industry. Risk of technical failure, failure to implement technical upgrades, or failure to implement new technology products according to expected timelines. Changes in market conditions related to defaulted mortgages, and the inability of clients to submit similar volumes of foreclosure and bankruptcy inquiries to pre-COVID-19 pandemic. failure of governing and regulatory bodies to approve the use of products and services developed by us; Our reliance on maintaining intellectual property and protecting newly developed intellectual property. Operating loss and negative cash flow. and currency fluctuations. Readers should therefore not place undue reliance on the 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 forth above, the extent to which actual future events may match or differ from Voxtur’s management expectations and assumptions. It is included. In preparing financial guidance and targets.

This forward-looking information is provided as of the date of this news release and is subject to change after that date. We undertake no obligation to update or revise this information to reflect new events or circumstances, except as required by applicable law.

NEITHER TSXV NOR ITS REGULATORY SERVICE PROVIDERS (TERMS AS DEFINED IN THE TSXV POLICIES) ASSUME ANY RESPONSIBILITY FOR THE SUITABILITY OR ACCURACY OF THIS RELEASE.

Voxtur’s common stock trades on the TSX Venture Exchange under the symbol VXTR and in the United States on the OTCQB under the symbol VXTRF.

contact:
Jordan Ross
Chief Investment Officer
Phone: (416) 708-9764
[email protected]