July 27, 2021

What’s Driving Voxtur Analytics (VXTR) Buy Recommendation?

Midas Letter
Midas Letter
What's Driving Voxtur Analytics (VXTR) Buy Recommendation?
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Voxtur Analytics Corp (OTCMKTS:VXTRF, CVE:VXTR) is a buy, Eight Capital says. Eight Capital recently initiated analyst coverage of the real estate company redefining the property technology (PropTech) space and said, “even with the stock’s gains over the past year, Voxtur is still trading at a discount to its peers.” So what is driving the Buy recommendation? We talk to Voxturs CEO, Jim Albertelli, to find out about the company’s outstanding Q1 revenues, future growth catalysts, and how Voxtur is successfully integrating its accretive Software as a Service (SaaS) acquisitions.

With all the growth in Voxtur’s ecosystem, Eight Capital is calling for a big uptick in both top and bottom lines in the future. The Eight Capital analyst estimates 2021 and 2022 revenue of $63.9 million and $83.3 million, respectively, and 2021 and 2022 EBITDA of $4.3 million and $8.4 million, respectively. But, just like Voxtur’s latest financial results, these numbers are only using one month of data from its iLookabout merger and is not taking into account the extra profitability and margins the Appraisers Now (Anow) acquisition brings.

Looking at projected forward earnings, the Anow and Benutech acquisitions (according to the CEO, Benutech should be closed quickly) are key revenue drivers of Eight Capital’s recommendation. The Anow acquisition complements Voxtur’s previous addition of Clarocity perfectly. Voxtur strategically acquired Clarocity in 2019 to create fully integrated valuation solutions for lenders, insurance, and public clients. Voxtur has now combined Clarocity’s innovative real estate valuation software and proven pro­proprietary products with Anows end-to-end encrypted AI technology, delivering Voxtur’s powerful, distinctive analytics solution directly to consumers and clients through­ throughout North America.

Voxtur Analytics Achieved a 183% Revenue Growth YoY in its last quarter’s financial results. When asked whether Voxtur could maintain this level of growth in the future, CEO Jim Albertelli said

“I expect the [revenue] growth to really return in Q4. Remember we also have the fourth leg of a stool which has been dormant. We thought it would fall off sooner: It looks as if on August 1st the default moratorium stops. You’re going to see a pickup then of some of our default-related technology, our bankruptcy environment, as well as our foreclosure management technology. Those 2 components will pickup really in Q4. It’s going to be Q1 and Q2 when its hits in full strength. The deals we are working on now around valuation just take time to put the technology inside some of our partners. Really look to see the revenue to be flat through Q2, Q3. Up in Q4. But then if you take 2021 as a whole and look to 2022, you should see another major transformation. I’ll be able to provide you with a lot more colour in 4-5 weeks on that” – Voxtur Analytics CEO Jim Albertelli

Watch the full interview for a breakdown of Voxtur’s complete suite of services and how Voxtur helps every stage along the real estate transaction value chain.

Transcript

00:57 – Eight Capital Buy Recommendation

01:41 – Anow integration

04:08 – Voxtur suite of services

10:08 – YoY revenue rate of increase

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