GlobeNewswire — Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) is pleased to announce its financial guidance for Q4 and FY 2021 and FY 2022. The Company’s fourth quarter growth was driven by the launch of its valuation technology lender platform and organic expansion through new offerings within its existing client base. Additionally, the Company continued its strategic integrations of acquired technologies and data to drive growth. For Q4 2021, revenue is expected to be in the range of $34M-$39M, and for FY 2021, revenue is expected to be in the range of $92M-$97M.

The anticipated FY 2021 revenue represents a year-over-year increase of 349% compared to FY 2020, and anticipated Q4 2021 revenue represents a year-over-year increase of 468% from Q4 2020 revenue, in each case when using the low end of the expected revenue range. Additionally, anticipated revenue for Q4 2021 represents a 38% increase over Q3 2021 revenue when using the low end of the expected revenue range.

For Q4 2021, gross margin is expected to be in the range of $12M-$14M, and for FY 2021, gross margin is expected to be in the range of $37M-$39M. The anticipated FY 2021 gross margin represents a year-over-year increase of 295% compared to FY 2020, and anticipated Q4 2021 gross margin represents a year-over-year increase of 353% from Q4 2020 gross margin, in each case when using the low end of the expected gross margin range. Anticipated gross margin for Q4 2021 represents a 28% increase over Q3 2021 gross margin when using the low end of the expected gross margin range.

FY 2022 Financial Guidance

As a result of an expected increase in revenue and efficiencies gained from investments made in 2021, the Company anticipates revenue for FY 2022 in the range of $170M-$190M. This expected revenue for FY 2022 represents a 85% year-over-year increase from the expected revenue for FY 2021, when using the low end of the expected revenue range.

The Company anticipates gross margin for FY 2022 in the range of $87M-$97M. This expected gross margin for FY 2022 represents a 136% year-over-year increase from the expected gross margin for FY 2021, when using the low end of the expected gross margin range.

Voxtur’s ability to reach the high end of its projected revenue and gross margin ranges for FY 2022 and overall guidance provided above is driven by certain expectations and assumptions including, but not limited to, the successful integration and continued growth of investments made by the Company in FY 2021, the success of the Company’s new product offerings in valuation, title, and property tax, and those additional expectations and assumptions set forth in the “Forward-Looking Information” section below. The Company’s ability to reach the high end of its projected revenue and gross margin ranges for FY 2022 is further contingent on the combined impact of macroeconomic tailwinds and the execution of new revenue-generating initiatives. Voxtur continues to focus on revenue growth through new data-driven digital alternatives to traditional products in valuation, title, and property tax. Additionally, the Company expects to see organic growth from an increase in desktop appraisals as a result of recent announcements by Fannie Mae and Freddie Mac allowing use of such products, the expansion of its property tax analytics platform, and the launch of its real estate asset management platform. Additional benefits are expected to come from the continuing effects of the lifting of foreclosure moratoria in the U.S., which is expected to result in increased revenue from default management, and the federal government’s strong push for more affordable home ownership in the U.S., which should open the door for widespread adoption of Voxtur’s alternative valuation and title products. Finally, Voxtur expects significant revenue growth from new client business as a result of its investment in enterprise sales efforts.

“2021 was a transformational year for Voxtur, and we are delighted to provide guidance to the market on our Q4 and Year End 2021 performance,” said Jim Albertelli, CEO. “We remain focused on becoming the largest and most trusted provider of data-driven, SaaS-based applications, and tech-enabled services in the property technology space. 2022 promises to be another year of high growth for our business as we add key foundational pieces to scale and deliver profitable growth to our shareholders. Our primary business lines of valuation, title, and property tax are operating efficiently under one platform that is continuing to capture market share and positioned to further improve our SaaS-based applications. The opportunity in front of us is significant and we look forward to executing on our vision and achieving our objectives in 2022.”

The above guidance and ranges take into consideration management’s current outlook combined with the results of Q1, Q2, and Q3 for FY 2021 and are based on the assumptions set out herein. The purpose of the financial guidance is to assist investors, shareholders, and others in understanding management’s expectations for the Company’s financial performance for Q4 and FY 2021 and for FY 2022. The information may not be appropriate for other purposes. Information about guidance, including the various assumptions underlying it, is forward-looking and should be read in conjunction with the “Forward-Looking Information” section below and the related disclosure and information about various assumptions, factors, and risks that may cause actual future financial and operating results to differ from management’s current expectations.

Non-GAAP Measures
Adjusted EBITDA is a non-GAAP financial measure and does not have any standardized meaning prescribed under IFRS and therefore may not be comparable to similar measures employed by other reporting issuers. Management believes Adjusted EBITDA provides meaningful information with respect to the financial performance and value of the Company, as items that may obscure the underlying trends in the business performance are excluded. Adjusted EBITDA is defined and calculated by the Company as earnings (loss) before interest, taxes, depreciation/amortization of property and equipment, intangible assets and right-of-use assets, share-based compensation expense, foreign exchange gains (losses) recorded through profit and loss, and other costs or income that are: (i) non-operating; (ii) non-recurring; and/or (iii) related to strategic initiatives. The Company classifies income or costs as non-recurring if income or costs similar in nature are not reasonably expected to occur within the next two years nor have occurred during the prior two years, and such costs are significant.

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

Forward Looking Information: This news release contains forward-looking statements that involve known and unknown risks, uncertainties and assumptions that may not be realized. These statements relate to future events or future performance and reflect management’s current expectations and assumptions which are based on information currently available to management. There is significant risk that forward-looking statements will not prove to be accurate. A number of factors could cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements discussed in the forward-looking statements. The inclusion of forward-looking statements and information should not be regarded as a representation of Voxtur or any other person that the anticipated results will be achieved, and investors are cautioned not to place undue reliance on such information.

These forward-looking statements are made as of the date of this news release and, accordingly, are subject to change after such date. Voxtur 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.

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.