Voxtur Analytics Corp.

Good day, and thank you for standing by. Welcome to the Voxer Analytics Corp. Second Quarter Financial Results Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone. If you require any further assistance, please press star 0. I would now like to hand the conference over to your speaker today, Jordan Ross, Chief Investment Officer. Thank you. Please go ahead.

Thank you, Stephanie. Good morning, everyone, and welcome to the Boxster Analytics second quarter 2021 earnings call. A release announcing our results was issued after market closed yesterday. It's an MD&A on CDAR.com as well as our website. Joining us today are our Executive Chairman, Gary Yeoman, CEO, Jim Albertelli, and CFO, Angela Little. We will start with prepared remarks and then move into the Q&A session. If we are able to take your question, please feel free to contact me directly by email, jordan at voxter.com. Angela will begin by outlining our financial performance, and then you'll hear from Jim, who will provide an update on the business operations. Finally, the priorities for the remainder of the year. The information we share today may contain. We caution you not to place undue reliance on. Undertake no duty or obligation to update to update any forward looking statements as a result of new information, future events or changes in our expectations. On today's call, we will report using both IFRS and non-GAAP financial measures. We use these non-GAAP financial measures internally for financial and operational decision-making purposes and as a means to evaluate period-to-period comparisons as we believe that they provide meaningful information with respect to the financial performance and the value of the company. Non-GAAP financial measures are presented in addition to and not as a substitute for financial measures calculated in accordance with IFRS. To see the reconciliation of these non-GAAP measures, please refer to our management's discussion and analysis. Finally, please note that all references to amounts or currency during today's call are to Canadian dollars unless otherwise stated. I will now turn the call over to our CFO, Angela Little.

Thank you, Jordan, and thank you all for joining in the call this morning. We had a busy start to 2021, and Q2 was no different as the company continued to execute on our strategic growth initiatives, including completion of the ANOW acquisition. ANOW is an automated workflow management platform for the global appraisal market, servicing lenders, servicers, appraisers, and appraisal management companies. This strategic and pivotal acquisition bolstered our recurring revenue stream and accelerated the build-out of our data ingestion engine. Additionally, the company has continued to make investments in our technology platforms, as well as expand our global sales and marketing efforts. Sales pipelines gained momentum across all business units and expanded to our highest levels during Q2 2021. Notwithstanding the continued challenges related to COVID-19 and the foreclosure moratorium, the company is pleased to report that our Q2 and year-to-date 2021 revenue and gross profit increased quarter-over-quarter as well as year-over-year. Q2 2021 revenue was $18 million, which represents a 25% increase over Q1 2021 and a 301% increase over Q2 2020. Year-to-date revenue is $32 million, which represents a 238% increase over year-to-date 2020. Revenue from U.S. operations represented approximately 89% of total revenue for Q2 in year-to-date 2021, up from approximately 59% for the same time period in 2020, a result of our continued expansion into U.S. markets following the Apex and Boxster acquisitions. Turning to the balance sheet, we ended the quarter with cash and cash equivalents of $38 million. This leaves the company well-positioned to continue executing on its strategic growth plans, including the acquisitions of Zom and Benutech, which Gary Yeoman will be discussing in more detail. Looking ahead to Q3, we are seeing renewed momentum in the loan default space since the foreclosure moratorium was lifted in the U.S. on July 31st. Title and settlement, valuation, InfoX, and default services have already seen significant increases in volume during August. We expect this to continue through the second half of 2021. I will now turn the call over to CEO Jim Albertelli to highlight our operational and business success within the quarter.