Voxtur Analytics Corp - VXTRF STOCK NEWS

A group of Voxtur shareholders, including former chairman Nicholas H. Smith, is pushing for a major overhaul of the company's board at the upcoming Annual General and Special Meeting (AGSM) scheduled for June 28, 2024. The Voxtur Shareholders for Accountability, holding about 19% of the company's shares, are advocating for six new board members due to significant financial declines under the current management. The company has faced losses in each of the past five years, including a Q4 2023 adjusted EBITDA loss of C$3.9 million and a Q1 2024 loss of C$665,000. The group's nominees include seasoned professionals like Alan P. Qureshi, who is proposed as the new CEO. They aim to implement a long-term strategic plan, streamline expenses, and enhance transparency in financial reporting. The current board is criticized for lacking a coherent strategic plan, experiencing high turnover, and incurring excessive costs.

Voxtur Analytics Corp (TSXV: VXTR; OTCQB: VXTRF) announced its intention to issue 987,487 common shares valued at US$0.0769 (C$0.1044) per share to settle a debt of US$75,931 (C$103,130) owed to a former executive. This shares-for-debt transaction, subject to TSX Venture Exchange approval, is part of Voxtur's strategy to manage its financial obligations. The issued shares will have a hold period of four months and one day from the issuance date.

Voxtur Analytics Corp. (TSXV: VXTR, OTCQB: VXTRF) announced its financial results for Q1 2024. Revenue increased to CAD 13.376 million, up from CAD 12.637 million in Q1 2023. Gross profit also rose to CAD 9.018 million, representing 67% of revenue, up from 62% in the previous year. The company reported an adjusted EBITDA of CAD -665k, a significant improvement from CAD -4.327 million in Q1 2023. Voxtur emphasizes debt reduction and strategic growth, focusing on new technology development and operational efficiency. Full financial details are available on SEDAR+ and Voxtur's website.

Voxtur Analytics Corp. announced its financial results for the year and quarter ended December 31, 2023, highlighting the sale of its appraisal management company, resulting in debt repayment and annual savings of $8.2M. Revenue from continuing operations decreased to $9,886 in Q4 2023 from $20,263 in Q4 2022, while gross profit increased to $6,073 from $9,881. Adjusted EBITDA for continuing operations showed a loss of $3,915 in Q4 2023, compared to a loss of $1,468 in Q4 2022.

Voxtur Analytics Corp. has engaged ICP Securities Inc. for automated market making services using the ICP Premium™ algorithm. The agreement involves a fee of C$7,500 per month for an Initial Term of four months, automatically renewable. No performance factors or stock options are included. ICP may acquire an interest in Voxtur's securities in the future.

Voxtur Analytics Corp. appoints Gary Yeoman as Interim Chairman following the resignation of Nick Smith. Yeoman brings extensive experience and leadership to guide the company through a transition period, focusing on shareholder value and strategic objectives.

Voxtur Analytics Corp. completes the issuance of 5,500,000 common shares at $0.094 per share to settle a debt of $500,000 for the acquisition of Municipal Tax Equity Consultants Inc. and MTE Paralegal Professional Corporation. The TSXV has approved the issuance, and the Debt Shares are subject to a hold period until June 28, 2024.

Voxtur Analytics Corp. plans to issue 5,500,000 common shares at a price of $0.094 per share in lieu of cash for the remaining purchase price for the acquisition of Municipal Tax Equity Consultants Inc. and MTE Paralegal Professional Corporation. The Issuance is considered to be a shares for debt transaction and is subject to TSXV approval.

Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) reported Q3 2023 revenue decrease of 9% compared to Q2 2023, with an 80% increase in adjusted EBITDA. Q3 2023 gross profit decreased by 10% compared to Q2 2023. However, YTD 2023 gross profit increased by 5% compared to Q3 YTD 2022. YTD 2023 revenue also decreased by 25% compared to Q3 YTD 2022. The company will host a conference call on November 29th, 2023, to discuss the financial results and highlights for the third quarter ended September 30, 2023.