Voxtur Analytics Corp.

Welcome to the Voxter Earnings Conference Call. My name is John Melb, your operator for today's call. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. During the question-and-answer session, if you do have a question, press 01 on your touchtone phone. As a reminder, the conference is being recorded. And now I'll turn the call over to Chief Investment Officer Jordan Ross. Jordan, you may begin. Good morning, everyone.

Thank you for joining us for the Boxster fourth quarter and fiscal year earnings call, where we will discuss our financial results for the period ended December 31st, 2021. Please note that our results were released this morning and can be accessed on SADAR or on our website at boxster.com. Joining me today are Executive Chairman Gary Yeoman, CEO Jim Albertelli, CFO, Angela 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've achieved, and our strategic priorities moving forward. 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 valuation. These non-GAAP financial measures are presented in addition to and not as a substitute for the financial measures calculated in accordance with IRFS. To see the reconciliation of these non-GAAP measures, please refer to our press release distributed this morning, May 2nd, and our management's discussion and analysis, both of which are available at SADAR.com and on our website at Boxster.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 in 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. Q4 was another strong quarter for our company. Consistent with earlier quarters in 2021, we continued to reinvest in the company and execute our strategic growth initiative. This included the completion of the Benutech acquisition on December 30th, 2021. With that said, we are pleased to report that revenue and gross profit continue to increase on both a quarter-over-quarter and year-over-year basis. Q4 2021 revenue was $38.7 million, which represents a 57% increase over Q3 2021 and a 548% increase over Q4 2020. Fiscal year 2021 revenue is 95.9 million, which represents a 368% increase over fiscal year 2020. Q4 gross profit was 12.6 million, representing a 33% increase over Q3 2021. And fiscal year 2021 gross profit was 37.3 million, representing a 300% increase over fiscal year 2020. Revenue from U.S. operations represented approximately 91% of the total revenue for fiscal year 2021, up from approximately 63% for fiscal year 2020. This is a result of the continued expansion into U.S. markets, including the APEX acquisition in 2020 and the Boxster, Zoom, and Benutech acquisitions in 2021. In addition to significant reinvestments in the company and five successful acquisitions during 2020, the company ended 2021 with positive adjusted EBITDA. Turning to the balance sheet, we ended the year with cash and cash equivalents of approximately $41.5 million, leaving the company well-positioned to continue executing on its strategic growth plans. For 2022, our focus continues to be on revenue growth. We are beginning to see increased volumes in valuation, title, and default services as a result of the foreclosure moratorium being fully lifted on December 31, 2021. We also anticipate significant continued revenue growth from new clients due to the ongoing sales efforts. As a result of the increase in revenue combined with efficiencies and synergies gained from the investments made over the last year, we anticipate positive adjusted EBITDA during the latter part of 2022. I will now turn the call over to our Executive Chairman, Gary Yeoman, to provide additional insight as to the company's strategic focus.