Vox Royalty releases 2024 shareholder letter

The company said, “We are pleased to publish our second annual investor letter. The last twelve months have been highly productive for Vox. We look forward to this opportunity to share with you the developments, insights and analysis on Vox and the variables affecting our business and industry. I should also note, this letter was not AI generated – human insight is still very much needed! Our 2023 financial results scorecard exceeded our own high expectations, with annual records in each of the following categories: revenue of $12.3M, gross profit of $10M, and cash flows generated from operations of $5.3M. These figures represent 45% annual revenue growth, exceeding the midpoint of 2023 revenue guidance, and 157% growth in annual cash flows generated from operations. These strong financial results combined with securing a $25M revolving credit facility with BMO, which significantly reduces our cost of capital, will set the stage for further progress in 2024.”