Voxtur analytics (TSXV: VXTR, OTC: VXTRF) is a company involved in the real estate industry. The company uses innovative technology to redefine industry standards by providing an end-to-end platform that combines every facet of buying and selling property, such as valuation,  tax, settlement, data, and analytics services. Many investors are fully confident in the business and believe the company is undervalued, marked by Alan Qureshi (President of Blue Water Financial Technologies), who bought 5M+ shares at $0.28. 

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Company Overview

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Voxtur aims to be the biggest and most reputable provider of data and technology solutions for the real estate industry, ultimately lowering the cost of homeownership. Its digitalized/intelligent appraisals lead to more accurate pricing, faster turn times, and a seamless experience. The company targets to generate revenue through 3 models: Software and data licenses,

Technology managed services and Settlement services. Voxtur moves fast by expanding quickly, as shown in the last 9 companies acquired in less than 3 years. The company announced on September 22, 2022 that it acquired Blue Water Financial to diversify and expand existing revenue streams from the primary mortgage market while adding new revenue streams in the secondary market. The company had US $11.4M and US $6.7M of net income for the year 2021. Ultimately, the firm expanded fast as from January to July 31, 2022, Blue Water generated approximately US $18M of revenue and US $11M of net income. Blue Water's self-service technology can replicate any real-time pricing and modeling construct used by investors to offer a distinctive solution suited to its clients, including investment banks and private equity investors.

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"By fusing Blue Water’s digital asset capabilities with Voxtur’s data repository and analytic solutions, we are creating a powerful and sophisticated new platform to streamline mortgage trading,” said Voxtur CEO Jim Albertelli. “This Acquisition allows Voxtur to diversify and expand existing revenue streams from the primary mortgage market while adding new revenue streams in the secondary market.”

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Key financials matter in a company, and Voxtur’s are attractive. Its revenue was augmented by 368% between 2018 and 2021, increasing from $9.2M

to $96M. Still, operating expenses decreased from 82% to 73% in the same period. Voxtur continues to pursue strategic, organic growth initiatives, such as Voxtur AOL, the company's full-coverage title insurance substitute that was recently approved for use by the Veterans Administration, as well as Voxtur Direct, the direct-to-appraiser valuation platform being used by a top mortgage originator in the U.S. Additionally, the business line for valuation and title and settlement are where the company continues to increase its market share by bringing on new clients and increasing volumes with existing ones. Recently, it was announced that a top 20 bank and a top five mortgage servicer would start selling Voxtur AOL in the first quarter of 2023. Voxtur AOL is a title insurance substitute that can help homebuyers save 20% to 70% on the price of title insurance, cutting down on closing costs by hundreds or even thousands of dollars.
By capitalizing on pre-existing client relationships, Voxtur keeps expanding its Voxtur AOL, one of the market's only alternatives to insured title insurance. With the addition of these substantial clients, Voxtur AOL's reach extends, helping even more Americans who are looking to buy a home.

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Share Structure/Financials

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Voxtur’s latest financial statements occurred for the period ending September 30, 2022. The company significantly increased its revenue YoY and managed, despite historically high rates, Voxtur managed to keep a slight loss for the quarter thanks to prioritizing organic revenue growth opportunities and expense realignment efforts. 

-Q3 2022 Revenue increased 44% over Q3 2021 Revenue

-YTD 2022 Revenue increased 100% over YTD 2021 Revenue

-Q3 2022 Gross Profit rose 42% over Q3 2021

-YTD 2022 Gross Profit increased 60% over YTD 2021

Regarding the balance sheet, the company has $50M in total current assets (including $12.2M in cash) and $402.8M in total assets. Voxtur generated over the last quarter $35.5M in revenue and $13.5M in gross profit. 

The company has 580M shares issued and outstanding. Added to this data, 27.5M options, 1M warrants, 4.1M preferred shares, 11.4M restricted share units, and 1.4M deferred share units are available. Alan Qureshi, president of Blue Water Financial Technologies, purchased 5,279,874 shares of Voxtur, demonstrating insiders' confidence in the company as they own 30.2%. The company’s share price was traded above $0.40 and witnessed a significant uptrend. Month-over-month, the company’s valuation increased by 60+% despite being down -50+% year-over-year. Over the last 52 weeks, the stock price valuated between $0.21 to $1.70. An exciting piece of information is the valuation given by Yahoo Finance; with a 1-year target of $1.50, analysts appear to be very optimistic regarding the company’s future.

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Bottom Line

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Voxtur analytics (TSXV: VXTR, OTC: VXTRF) is a company moving fast in the real estate industry. Its organic and inorganic revenue growth model returned an astonishing CAGR of 118% for the last 3 years, and significant market opportunities could help the company’s growth to continue increasing this fast. Recent partnerships also show the company’s solid solutions and enable companies that partner with Voxtur will allow them to offer savings to their customers while reducing the cost of homeownership for Americans.  

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