Voxtur Announces Expected Release of Financial Results for Q1 2023

Rhea-AI Summary

Voxtur Analytics Corp. will release financial results for Q1 2023 on July 24, 2023 or sooner. The company issued its 2022 audited financial results on July 17 and is working to lift the trading halt.

Positive

• Voxtur will release financial results for Q1 2023, which could positively impact stock price if the results are strong.

Negative

• The unexpected trading halt could negatively impact stock price until it is lifted.

TORONTO, July 19, 2023 (GLOBE NEWSWIRE) -- Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) ("Voxtur" or the "Company"), a North American technology company creating a more transparent and accessible real estate lending ecosystem, announced today that it will release financial results for the first quarter ended March 31, 2023, before market opens on Monday, July 24, 2023 or sooner. At that time, the financial results and related documents will be posted on www.sedar.com.

“The trading halt instituted today was unexpected as we issued our 2022 audited financial results on Monday, July 17, as anticipated and we are within the 2-month remedy period with respect to filing of the Q1 financial statements in order to maintain the Management Cease Trade Order. We apologize for any inconvenience to our shareholders, and we are working diligently to have the trading halt lifted. We understand that the release of our Q1 financial results will allow that to occur,” said Gary Yeoman, CEO of Voxtur.

Shareholder Call

The Company will host a conference call at 9 a.m. Eastern time on Wednesday, July 26th, 2023, following the release of Q1 financial results to discuss details of the Company’s performance, including a general company update, followed by a question-and-answer period with analysts. Details related to the above referenced conference call will be provided later this week.

About Voxtur

Voxtur is a transformational real estate technology company that is redefining industry standards in a dynamic lending environment. The Company 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's proprietary data hub and workflow platforms more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax assessments. The Company serves the property lending and property tax sectors, both public and private, in the United States and Canada. For more information, visit www.voxtur.com.

Forward-Looking Information

This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) which reflect the expectations of management regarding the Company’s future growth, financial performance and objectives and the Company’s strategic initiatives, plans, business prospects and opportunities. These forward-looking statements reflect management’s current expectations regarding future events and the Company’s financial and operating performance and speak only as of the date of this press release. By their very nature, forward-looking statements require management to make assumptions and involve significant risks and uncertainties, should not be read as guarantees of future events, performance or results, and give rise to the possibility that management’s predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that the assumptions may not be correct and that the Company’s future growth, financial performance and objectives and the Company’s strategic initiatives, plans, business prospects and opportunities, including the duration, impact of and recovery from the COVID-19 pandemic, will not occur or be achieved. Any information contained herein that is not based on historical facts may be deemed to constitute forward-looking information within the meaning of Canadian and United States securities laws. Forward-looking information may be based on expectations, estimates and projections as at the date of this news release, and may be identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions. Forward-looking information may include but is not limited to the anticipated financial performance of the Company and other events or conditions that may occur in the future. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the information is provided. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance, or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information include but are not limited to: additional costs related to acquisitions, integration of acquired businesses, and implementation of new products; changing global financial conditions, especially in light of the COVID-19 global pandemic; reliance on specific key employees and customers to maintain business operations; competition within the Company’s industry; a risk in technological failure, failure to implement technological upgrades, or failure to implement new technological products in accordance with expected timelines; changing market conditions related to defaulted mortgage loans, and the failure of clients to send foreclosure and bankruptcy referrals in volumes similar to those prior to the COVID-19 global pandemic; failure of governing agencies and regulatory bodies to approve the use of products and services developed by the Company; the Company’s dependence on maintaining intellectual property and protecting newly developed intellectual property; operating losses and negative cash flows; and currency fluctuations. Accordingly, readers should not place undue reliance on 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 out above, the degree to which actual future events accord with, or vary from, the expectations of, and assumptions used by, Voxtur‘s management in preparing the financial guidance and targets.

This forward-looking information is provided as of the date of this news release and, accordingly, is subject to change after such date. The Company does not assume any obligation to update or revise this information to reflect new events or circumstances except as required in accordance with applicable laws.

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Voxtur's common shares are traded on the TSX Venture Exchange under the symbol VXTR and in the US on the OTCQB under the symbol VXTRF.

Contact:
Jordan Ross
Chief Investment Officer 
Tel: (416) 708-9764
jordan@voxtur.com

 

FAQ

When will Voxtur release its Q1 financial results?

Voxtur will release its Q1 financial results on July 24, 2023 or sooner.

What did Voxtur announce regarding the trading halt?

Voxtur announced that the trading halt was unexpected and they are working diligently to have it lifted.

Will there be a shareholder call?

Yes, Voxtur will host a conference call on July 26, 2023, to discuss the Q1 financial results and provide a company update.