Latest news with #RyanMarshall
Hamilton Spectator
3 days ago
- Business
- Hamilton Spectator
Voxtur Announces Financial Results for the Q1 2025 – Ended March 31, 2025
TORONTO and TAMPA, Fla., May 30, 2025 (GLOBE NEWSWIRE) — Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) ('Voxtur' or the 'Company'), a North American technology company creating a more transparent and accessible real estate lending ecosystem, today announced its financial results for the three months ended March 31, 2025. The Company's Unaudited Condensed Interim Consolidated Financial Statements and the related Management's Discussion and Analysis ('MD&A') for the three months ended March 31, 2025, are available at and at . Financial Results: 1 Calculations include only the results from continuing operations and do not include results of discontinued operations. As at March 31, 2025, management was committed to a plan to sell one of the Company's business units. Accordingly, the Company has presented that business unit as a disposal group held for sale and reported its results as discontinued operations. During the first quarter of 2025, revenue from continuing operations declined approximately $3.6 million and gross profit declined approximately $3 million compared to the same period in the prior year. Despite this, the Company's net loss from continuing operations remained relatively stable, underscoring the meaningful impact of realizing synergies across the organization and cost reduction measures implemented by management over the past several quarters. Operational expense reductions initiated earlier this year began to positively impact the quarter, though the full benefit of these initiatives will be more fully realized in the second quarter and throughout the remainder of 2025. Further discussion with respect to the financial results can be found in the Company's MD&A available at and at . Management continues to work in close partnership with the Company's advisor and in conjunction with the Company's creditor as part of the strategic review announced earlier this year. The primary objective of this process is to reduce debt and position the Company for long-term financial stability and strength. 'We sincerely appreciate the continued support and patience of all our stakeholders as we navigate this important phase of our journey,' said Ryan Marshall, Voxtur's CEO. 'While we are not yet where we want to be, we are making steady progress, and our focus remains on building a more sustainable and resilient organization.' The Company intends to host a shareholder call in the near future upon having material updates on the strategic review process and outline the path forward for the business, including other key corporate developments. About Voxtur Voxtur is a proptech company. The company offers targeted data analytics to simplify the multifaceted aspects of the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur's proprietary data hub and workflow platforms more accurately and efficiently value real estate assets, providing critical due diligence that enables market participants to effectively originate, trade, or service defaults on mortgage loans. As an independent and transparent mortgage technology provider, the company offers primary and secondary market solutions in the United States and Canada. For more information, visit . Forward-Looking Information This news release contains certain forward-looking statements and forward-looking information (collectively, 'forward-looking information') which reflect the expectations of management regarding the Company's future growth, financial performance and objectives and the Company's strategic initiatives, plans, business prospects and opportunities. These forward-looking statements reflect management's current expectations regarding future events and the Company's financial and operating performance and speak only as of the date of this press release. By their very nature, forward-looking statements require management to make assumptions and involve significant risks and uncertainties, should not be read as guarantees of future events, performance or results, and give rise to the possibility that management's predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that the assumptions may not be correct and that the Company's future growth, financial performance and objectives and the Company's strategic initiatives, plans, business prospects and opportunities, including the duration, impact of and recovery from the COVID-19 pandemic, will not occur or be achieved. Any information contained herein that is not based on historical facts may be deemed to constitute forward-looking information within the meaning of Canadian and United States securities laws. Forward-looking information may be based on expectations, estimates and projections as at the date of this news release, and may be identified by the words 'may', 'would', 'could', 'should', 'will', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect' or similar expressions. Forward-looking information may include but is not limited to the anticipated financial performance of the Company and other events or conditions that may occur in the future. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the information is provided. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance, or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information include but are not limited to: additional costs related to acquisitions, integration of acquired businesses, and implementation of new products; changing global financial conditions, especially in light of the COVID-19 global pandemic; reliance on specific key employees and customers to maintain business operations; competition within the Company's industry; a risk in technological failure, failure to implement technological upgrades, or failure to implement new technological products in accordance with expected timelines; changing market conditions related to defaulted mortgage loans, and the failure of clients to send foreclosure and bankruptcy referrals in volumes similar to those prior to the COVID-19 global pandemic; failure of governing agencies and regulatory bodies to approve the use of products and services developed by the Company; the Company's dependence on maintaining intellectual property and protecting newly developed intellectual property; operating losses and negative cash flows; and currency fluctuations. Accordingly, readers should not place undue reliance on forward-looking information contained herein. Factors relating to the Company's financial guidance and targets disclosed in this press release include, in addition to the factors set out above, the degree to which actual future events accord with, or vary from, the expectations of, and assumptions used by, Voxtur's management in preparing the financial guidance and targets. This forward-looking information is provided as of the date of this news release and, accordingly, is subject to change after such date. The Company 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. Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. 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. Company Contact: Jordan Ross Tel: (416)708-9764 jordan@
Yahoo
3 days ago
- Business
- Yahoo
Voxtur Announces Financial Results for the Q1 2025 – Ended March 31, 2025
TORONTO and TAMPA, Fla., May 30, 2025 (GLOBE NEWSWIRE) -- Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) ("Voxtur" or the "Company"), a North American technology company creating a more transparent and accessible real estate lending ecosystem, today announced its financial results for the three months ended March 31, 2025. The Company's Unaudited Condensed Interim Consolidated Financial Statements and the related Management's Discussion and Analysis ('MD&A') for the three months ended March 31, 2025, are available at and at Financial Results: Continuing Operations Unaudited Three months ended March 31 (In thousands of Canadian dollars) 2025 2024 Revenue 1 $ 8,310 $ 11,909 Gross profit 1 4,981 7,940 Gross profit as a % of Revenue 1 60 % 67 % 1 Calculations include only the results from continuing operations and do not include results of discontinued operations. As at March 31, 2025, management was committed to a plan to sell one of the Company's business units. Accordingly, the Company has presented that business unit as a disposal group held for sale and reported its results as discontinued operations. During the first quarter of 2025, revenue from continuing operations declined approximately $3.6 million and gross profit declined approximately $3 million compared to the same period in the prior year. Despite this, the Company's net loss from continuing operations remained relatively stable, underscoring the meaningful impact of realizing synergies across the organization and cost reduction measures implemented by management over the past several quarters. Operational expense reductions initiated earlier this year began to positively impact the quarter, though the full benefit of these initiatives will be more fully realized in the second quarter and throughout the remainder of 2025. Further discussion with respect to the financial results can be found in the Company's MD&A available at and at Management continues to work in close partnership with the Company's advisor and in conjunction with the Company's creditor as part of the strategic review announced earlier this year. The primary objective of this process is to reduce debt and position the Company for long-term financial stability and strength. 'We sincerely appreciate the continued support and patience of all our stakeholders as we navigate this important phase of our journey,' said Ryan Marshall, Voxtur's CEO. 'While we are not yet where we want to be, we are making steady progress, and our focus remains on building a more sustainable and resilient organization.' The Company intends to host a shareholder call in the near future upon having material updates on the strategic review process and outline the path forward for the business, including other key corporate developments. About Voxtur Voxtur is a proptech company. The company offers targeted data analytics to simplify the multifaceted aspects of the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur's proprietary data hub and workflow platforms more accurately and efficiently value real estate assets, providing critical due diligence that enables market participants to effectively originate, trade, or service defaults on mortgage loans. As an independent and transparent mortgage technology provider, the company offers primary and secondary market solutions in the United States and Canada. For more information, visit Forward-Looking Information This news release contains certain forward-looking statements and forward-looking information (collectively, 'forward-looking information') which reflect the expectations of management regarding the Company's future growth, financial performance and objectives and the Company's strategic initiatives, plans, business prospects and opportunities. These forward-looking statements reflect management's current expectations regarding future events and the Company's financial and operating performance and speak only as of the date of this press release. By their very nature, forward-looking statements require management to make assumptions and involve significant risks and uncertainties, should not be read as guarantees of future events, performance or results, and give rise to the possibility that management's predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that the assumptions may not be correct and that the Company's future growth, financial performance and objectives and the Company's strategic initiatives, plans, business prospects and opportunities, including the duration, impact of and recovery from the COVID-19 pandemic, will not occur or be achieved. Any information contained herein that is not based on historical facts may be deemed to constitute forward-looking information within the meaning of Canadian and United States securities laws. Forward-looking information may be based on expectations, estimates and projections as at the date of this news release, and may be identified by the words 'may', 'would', 'could', 'should', 'will', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect' or similar expressions. Forward-looking information may include but is not limited to the anticipated financial performance of the Company and other events or conditions that may occur in the future. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the information is provided. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance, or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information include but are not limited to: additional costs related to acquisitions, integration of acquired businesses, and implementation of new products; changing global financial conditions, especially in light of the COVID-19 global pandemic; reliance on specific key employees and customers to maintain business operations; competition within the Company's industry; a risk in technological failure, failure to implement technological upgrades, or failure to implement new technological products in accordance with expected timelines; changing market conditions related to defaulted mortgage loans, and the failure of clients to send foreclosure and bankruptcy referrals in volumes similar to those prior to the COVID-19 global pandemic; failure of governing agencies and regulatory bodies to approve the use of products and services developed by the Company; the Company's dependence on maintaining intellectual property and protecting newly developed intellectual property; operating losses and negative cash flows; and currency fluctuations. Accordingly, readers should not place undue reliance on forward-looking information contained herein. Factors relating to the Company's financial guidance and targets disclosed in this press release include, in addition to the factors set out above, the degree to which actual future events accord with, or vary from, the expectations of, and assumptions used by, Voxtur's management in preparing the financial guidance and targets. This forward-looking information is provided as of the date of this news release and, accordingly, is subject to change after such date. The Company 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. Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. 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. Company Contact: Jordan RossTel: (416)708-9764 jordan@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Epoch Times
23-04-2025
- Business
- Epoch Times
Housing Market Faces ‘Affordability Challenges' Entering Spring Selling Season, Homebuilder Says
Prospective homebuyers are increasingly facing 'affordability challenges' as housing sales and closings declined significantly across the United States in the first three months of 2025, one of the nation's largest homebuilders said on April 22, during its first quarter earnings call. In 'Whether it is the volatility in the stock market, concerns about tariff-induced inflation, fluctuation in interest rates, or the growing talk of recession, demand in April has been more volatile and less predictable day to day,' PulteGroup CEO Ryan Marshall said during the company's first-quarter As the company geared up for the spring selling season in April, which is the most lucrative sales period for the industry, Marshall further warned that the Atlanta homebuilder is facing the same macro conditions as homebuyers. He said that a decline in overall consumer confidence also directly impacts housing sales and closings. In the first quarter, Pulte's home sales totaled $3.7 billion, a decrease of 2 percent from a year earlier. Those sales included a 6 percent spike in the average price to $570,000, offset by a 7 percent decline in closing volume to 6,583 homes. Net new orders for the first quarter totaled 7,765 homes valued at $4.5 billion. In the first quarter of 2024, PulteGroup generated net new orders of 8,379 homes valued at $4.7 billion. The company also reported a sales backlog of 11,335 homes totaling $7.2 billion across 961 communities, a three percent improvement year over year. Related Stories 3/28/2025 4/19/2025 Despite the difficult period, Marshall reiterated that the homebuilder's balanced operating model, disciplined underwriting, and financial strength, position it to navigate the current downturn and gain market share once demand returns. He noted there is still strong demand for new housing stock in all 45 markets across the country where PulteGroup operates. 'In a country that has a growing population that is already short several million housing units, it is reasonable to expect demand will be there in the future,' Marshall said. Pulte posted strong first-quarter earnings of $523 million, or $2.57 per share, compared to net income of $663 million, or $3.10 per share, a year Street analysts had expected the homebuilder to report first-quarter earnings of $2.43 a share on revenue of $3.8 billion, according to FactSet. Industrywide, PulteGroup's first quarter snapshot highlights the difficulty faced by homebuilders across the United States. Housing experts say prospective homebuyers are caught between a strong desire for homeownership and high selling prices that outstrip household budgets. Last week, the nation's largest homebuilder, D.R. Horton Inc., also reported declining home sales and reduced interest from potential buyers. The Arlington, Texas-based company said home sales fell 15 percent to $7.7 billion in the second quarter of its fiscal year 2025, which ended on March 31, compared to $9.1 billion a year earlier. Home closings in the quarter dropped 15 percent to 19,276, down from 22,548 a year ago. During the beginning of the critical spring selling season, net sales orders for D.R. Horton declined 15 percent to 22,437 homes at $8.4 billion. The company's sales order backlog of homes under contract decreased 21 percent to 14,164 homes at a value of $5.5 billion versus 17,873 homes at $7 billion in the first three months of 2024. 'We will continue to adjust our product offerings, sales incentives, and number of homes in inventory based on the level of demand for new homes in each of our local markets,' D.R. Horton CEO Paul Romanowski For the quarter, D.R. Horton reported earnings of $810.4 million, or $2.58 per diluted share, down 27 percent from $1.2 billion, or $3.52 per diluted share, a year ago. Analysts surveyed by FactSet had expected the Texas homebuilder to report quarterly earnings of $2.63 a share on about $8 billion in revenue. Looking ahead, PulteGroup has set a full-year home delivery guidance of 29,000-30,000 homes, expecting a 3 to 5 percent increase in quarterly community count. However, the East Coast homebuilder did not offer a yearly financial outlook, saying it remained focused on high returns over the housing cycle, despite potential tariff impacts and market volatility. At D.R. Horton, the company has revised its earlier full-year outlook due to microeconomic uncertainty. For 2025, the Texas homebuilder with 126 markets in 36 states now expects a range of $33.3 billion to $34.8 billion and home closings from 85,000 to 87,000 homes. In his first quarter earnings preview of D.R. Horton, PulteGroup, and other national and regional homebuilders, Wedbush Securities analyst Jay McCanless told the Epoch Times, 'uncertainty reigns' in the housing market today. 'Our biggest unanswered questions are what impact will the tariffs have on jobs and how much consumer inflation, if any, will be spurred by the tariffs,' he said in a research note sent to The Epoch Times. For the remainder of 2025, McCanless said profit margins for homebuilders may become more unstable as mortgage volatility pushes more homebuyers to the sidelines. He said the mortgage rate dip in the first quarter has been reversed as buyer affordability has lessened demand. 'If [interest] rates remain at current levels or higher, the consensus gross margin estimates for fiscal 2025 and potentially early 2026 may need to be reduced as rate buydown pressures could intensify,' McCanless said. Despite the rocky road ahead for the housing market, PulteGroup's shares rose in the April 22 trading session on Wall Street. The company's shares closed up 8.36 percent at $100.89 on the New York Stock Exchange. However, the stock has decreased by more than 20 percent over the past 12 months. D.R. Horton's shares closed up 3.48 percent, at $124.96. The stock is down nearly 13 percent over the past year.
Yahoo
22-04-2025
- Business
- Yahoo
PulteGroup beats quarterly results estimates as incentives lift housing demand
(Reuters) -PulteGroup's first-quarter profit and revenue beat Wall Street estimates on Tuesday, as the company's incentives helped improve housing demand. Homebuilders have been employing buyer incentives such as buydowns, discounts and smaller home offerings to help induce demand as high interest rates in the U.S. weigh on affordability, dissuading consumers. "As the quarter progressed, buyers responded favorably to interest-rate declines, but consumers remain caught between a strong desire for home ownership and the affordability challenges of high selling prices and monthly payments that are stretched," said CEO Ryan Marshall. The Atlanta-based company posted quarterly revenue of $3.89 billion, compared with analysts' average estimate of $3.82 billion, according to data compiled by LSEG. On an adjusted basis, it earned $2.57 per share in the first quarter, compared with analysts' average estimate of $2.42 a share. Sign in to access your portfolio
Reuters
22-04-2025
- Business
- Reuters
PulteGroup beats quarterly results estimates as incentives lift housing demand
April 22 (Reuters) - PulteGroup's (PHM.N), opens new tab first-quarter profit and revenue beat Wall Street estimates on Tuesday, as the company's incentives helped improve housing demand. Homebuilders have been employing buyer incentives such as buydowns, discounts and smaller home offerings to help induce demand as high interest rates in the U.S. weigh on affordability, dissuading consumers. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. "As the quarter progressed, buyers responded favorably to interest-rate declines, but consumers remain caught between a strong desire for home ownership and the affordability challenges of high selling prices and monthly payments that are stretched," said CEO Ryan Marshall. The Atlanta-based company posted quarterly revenue of $3.89 billion, compared with analysts' average estimate of $3.82 billion, according to data compiled by LSEG. On an adjusted basis, it earned $2.57 per share in the first quarter, compared with analysts' average estimate of $2.42 a share.
