Voxtur Analytics Corp.

Good day, and thank you for standing by. Welcome to the Voxter Analytics 2021 Q3 Financial Results Conference Call. At this time, all participants are in a 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, 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.

Good morning, everyone. Thank you for joining us for the Voxter third quarter earnings call, where we will discuss our financial results for the period ended September 30th, 2021. Please note that our results were released yesterday and can be accessed on CDAR or on our website at voxter.com. Joining me today are Executive Chairman Gary Yeoman, CEO Jim Albertelli, and CFO Angelo Little. We will begin with prepared remarks and then move into Q&A. If we are unable to get to your question, you are always welcome to contact me directly at jordan.voxter.com. Angela Little will begin by discussing our financial results. You will then hear from Gary Yeoman, who will outline our strategic vision, the milestones we have achieved, including our recent announcement regarding the acquisition of Benutech, and our strategic priorities for the fourth quarter and into 2022. Finally, you will hear from Jim Albertelli, who will provide an update on the execution of our strategic vision through organic growth opportunities and operational improvements. Before we get started, please be advised that some of the information that we will share on this call may contain forward-looking statements. We caution you not to place undue reliance on forward-looking statements and undertake no duty or obligation to update any forward-looking statements as a result of new information, future events, or changes in our expectations. Further, 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, as we believe that they provide a meaningful measurement of financial performance and valuations. These 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 press release distributed November 29th and our management discussion and analysis, both of which are available at CDAR.com and on our website at voxter.com. A replay of today's call will also be posted on our website. 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. Good morning, everyone, and thank you for joining us. Q3 was a strong quarter for the company. We continue to reinvest in the company as well as execute against our strategic growth initiatives, including completion of the zone acquisition on September 1st. We are pleased to report that revenue and gross margin for Q3 and year to date 2021 increased both quarter over quarter, as well as year over year. Q3 2021 revenue was 24.7 million, which represents a 37% increase over Q2 2021, and a 402% increase over Q3 2020. Year-to-date revenue is 57.2 million, which represents a 294% increase over year-to-date 2020. Q3 gross profit was 9.5 million, representing a 15% increase over Q2 2021 and a 359% increase over Q3 2020. Year-to-date gross profit was $25 million, representing 280% increase over year-to-date 2020. Revenue from U.S. operations represented approximately 91% of total revenue for Q3 and 88.6% of total revenue for year-to-date 2021, up from 61% over Q3 2020 and 60% over year-to-date 2020. This is a result of our continued expansion into U.S. markets following the Boxster and Zoom acquisitions in 2021. Turning to the balance sheet, we ended the quarter with cash and cash equivalents of $37.9 million, leaving the company well-positioned to continue executing on our strategic growth plan, including the acquisition of Venutex, which will close before the end of 2021. Looking ahead to Q4 in 2022, our focus continues to be on revenue growth. We expect to see increased volumes in valuation, title, and default services as a result of the foreclosure moratorium being fully lifted on 12-31. We also anticipate significant revenue growth from new clients as a result of the investment in our sales efforts throughout 2021. As a result of the increased revenue, combined with efficiencies and synergies gained from the investments we have made over 2021, we are anticipating positive EBITDA starting in Q1 2022. I will now turn the call over to our Executive Chairman, Gary Yeoman, to provide additional guidance as to the company's strategic focus for the remainder of 2021 and 2022. Sounds like we may have time.