Business
Vox Royalty Announces Record Preliminary 2021 Revenue, Application For Nasdaq Listing And Corporate Update
TORONTO, March 10, 2022 /CNW/ - Vox Royalty Corp. (TSXV: VOX) ("Vox" or the "Company"), a high growth precious metals focused royalty company, is pleased to pro
About this update from Vox Royalty Corp
[{"type":"text","content":" TORONTO, March 10, 2022 /CNW/ - Vox Royalty Corp. (TSXV: VOX) (\"Vox\" or the \"Company\"), a high growth precious metals focused royalty company, is pleased to provide a number of corporate updates to its shareholders. Kyle Floyd, Chief Executive Officer stated: \"We are pleased to share a number of exciting developments with Vox shareholders, including a potential secondary listing of Vox common shares on the Nasdaq and record preliminary 2021 annual revenue. The Company has grown tremendously since its initial public listing in May 2020 and is embarking on its next chapter of growth via a secondary listing. We expect enhanced trading liquidity in the US market will be a key step for Vox to continue delivering on its differentiated strategy of exponential growth and sector-leading returns on capital invested.\" Q4 and Annual 2021 Preliminary Record Revenue The Company is pleased to announce that it has realized preliminary quarterly royalty revenue of C$728,000 (US$574,200)(1) for the three-month period ended December 31, 2021. The Company is also pleased to report that its preliminary annual royalty revenue for the year ended December 31, 2021 was C$4,584,000 (US$3,651,700)(1), a preliminary revenue record in the Company's 8 year history. Noting the Company's original 2021 revenue forecast of C$1,700,000 – C$2,500,000 and its subsequent increase to C$4,000,000 – C$5,000,000 on July 27, 2021, Vox management is pleased to deliver on its revenue forecasts as anticipated. Quarterly, year to date, and annual revenue guidance figures are summarized in the below table: Three months ended December 31, 2021 Twelve months ended December 31, 2021 (Fiscal 2021) 2021 Annual Guidance Royalty revenue (C$) $728,000 $4,584,000 $4,000,000 – $5,000,000 Royalty revenue (US$) $574,200(1) $3,651,700(1) $3,200,000 – $4,000,000 Application for NASDAQ Listing The Company is pleased to announce that it has submitted an initial application to list its common shares on The Nasdaq Stock Market (\"Nasdaq\") in order to support the Company's ongoing capital markets and liquidity enhancement initiatives. Pursuing a Nasdaq listing provides the Company with further opportunities to broaden its institutional and retail investor base and enhance the Company's visibility. Vox anticipates that a secondary listing will provide further exposure to the ...