The following is a summary of the Voxtur Analytics Corp. (VXTRF) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Voxtur reported a decrease in revenue for Q3 2024 to $8.5 million from $10.1 million in the previous year, primarily due to declines in settlement services and software and data licensing.

• Gross profit for Q3 2024 was $4.9 million, down from $6.5 million in Q3 2023, with gross profit margin decreasing to 58% from 64% year-over-year.

• Adjusted EBITDA from continuing operations was negative $2.1 million for Q3 2024, compared to negative $846,000 the previous year.

Business Progress:

• Voxtur has enacted a strategic shift from a service-focused model to a technology-driven approach, launching products like Voxtur Rate Advisor, a first-of-its-kind platform.

• The company has also undergone significant cost optimizations, reducing monthly operating expenses by approximately $800,000.

Opportunities:

• Voxtur is anticipating growth in 2025 through existing client base expansions and the introduction of new products like Voxtur Verify and Voxtur Direct. These initiatives are projected to drive significant profitability, with an EBITDA positivity expected.

• As competitors contract, Voxtur expects increased volume from organic and per-click products, strengthening its market position.

Risks:

• The ongoing potential sale of Blue Water and its status as a discontinued operation poses financial and operational uncertainties.

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