Business
Vox Announces Q3 2023 Financial Results and Declares Quarterly Dividend
All amounts in U.S. dollars unless otherwise indicated. TORONTO, ON / ACCESSWIRE / November 8...
About this update from Vox Royalty Corp
[{"type":"text","content":"Vox Announces Q3 2023 Financial Results and Declares Quarterly DividendAll amounts in U.S. dollars unless otherwise indicated.TORONTO, ON / ACCESSWIRE / November 8, 2023 / Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) (\" Vox \" or the \" Company \"), a returns focused mining royalty company, is pleased to announce its operating and financial results for the third quarter ended September 30, 2023.Kyle Floyd, Chief Executive Officer stated: \"Our third quarter reflects record quarterly and year-to-date gross profits, underpinned by strong revenue that is in line with the annual revenue guidance we announced on April 27,2023. Our differentiated, returns-focused strategy continues to generate significant fundamental value for investors. To complement the organic growth of our portfolio, we have strategically acquired 10 royalties in Australia over the past two months. We expect these to unlock medium- to long-term revenue from key gold and copper assets such as Red Hill, Plutonic East and Horseshoe Lights. In addition to these recent asset acquisitions, we were pleased to announce an innovative coal IP licensing transaction aimed at unlocking latent value for Vox shareholders.\"Third Quarter 2023 HighlightsQ3 2023 revenue of $3,514,929 and record year-to-date revenue of $9,313,168 (compared to revenue of $3,181,574 and $6,403,347 for the three and nine months ended September 30, 2022, respectively);Record gross profit of $3,109,818 and $7,906,163 for the three and nine months ended September 30, 2023 (compared to $2,463,007 and $5,072,178 for the three and nine months ended September 30, 2022, respectively);Q3 2023 net income of $1,046,532 and year-to-date net income of $316,850 (compared to $83,940 and $276,117 for the three and nine months ended September 30, 2022, respectively);Generated cash flows from operations of $1,359,501 and $2,929,309 for the three and nine months ended September 30, 2023 (compared to $966,106 and $351,452 for the three and nine months ended September 30, 2022, respectively);Strong balance sheet position at quarter end, including:Cash and accounts receivable of $12,474,468;Working capital of $9,749,118; andTotal assets of $50,720,916.Summary of Quarterly Results Three months ended September 30, 2023 Three monthsendedSeptember 30, 2022 Nine months ended September 30, 2023 Nine monthsendedSeptember 30, 2022 $ ...