Executive Chairman Gary Yeoman, CEO Jim Albertelli, and CFO Angela Little discuss Voxtur’s financial results for the period ended December 31, 2021.
“Q4 was a strong quarter for our Company. Consistent with earlier quarters in 2021 we continued to reinvest in the Company as well as execute against our strategic grow initiatives. This included the completion of the Benutech acquisition on December 30, 2021. We are pleased to report that Revenue and Gross Profit continue to increase both quarter-over-quarter and year-over-year. Q4 2021 Revenue was $38.7 million, which represents a 57% increase over Q3 2021 and a 548% increase over Q4 2020. Full year 2021 Revenue is $95.9M, which represents a 368% increase over YTD 2020. Q4 Gross Profit was $12.6M, representing a 33% increase over Q3 2021. YTD Gross Profit was $37.3M which represents a 300% increase over YTD 2020.”
“We demonstrated our commitment to developing more SaaS-based assessment solutions with the launch of our mobile sketch application resulting in the industry’s first digitized mobile assessment application in North America. These predictive analytics tools use Voxtur’s vast data repository to confirm assessment values for customers, lenders, and assessors. We can leverage our sketch software to be used both within our property tax and valuation business lines as a competitive differentiator.”
“We have established ourselves as one of the market leaders in the real estate technology space, and we continue to see substantial traction in the marketplace. We will continue this growth and prioritize expanding our data analytics capabilities.”
“Uniquely positioned, Voxtur continues to add critical pieces to the enterprise as we serve as a single point of contact in the real estate industry. With multiple data sources in a complex process and endless stakeholders, we provide comprehensive solutions. We are constantly evaluating all the components of our business to create the most comprehensive and effective toolbox to support the industry.”
“We continue to target the entire lending lifecycle and accelerate new growth by engaging with new clients. We have established our expertise with new products, technology, and leadership. We are embracing strategic partnership and working to white-label technology to industry partners.”