Operational Cost Reduction
The company reduced its monthly operating expenses from USD 2.7 million in January 2024 to approximately USD 1.6 million to 1.7 million by the end of 2024.
Streamlined Operations and Focus on Profitability
Voxtur shut down projects and initiatives that did not generate revenue or had less than an 80% probability of doing so in the next 12 months, streamlining operations and focusing on cost-effective solutions.
Projected Gross Profit Increase
Voxtur is forecasting a gross profit of $25 million to $28.3 million for 2024, with an expected increase to $30.3 million to $33 million in 2025 with a growth rate of 11% to 15% from current signed SOWs.
Potential EBITDA Positivity
The company is on track to achieve EBITDA positivity in 2025, with projected expenses under $26.6 million once all changes are in place.