Vox Royalty Corp (TSX-V:VOX) continued its outperformance in its third quarter, posting net income of US$63,940 in the three months to September 30, up from a loss of US$1.25 million in the third quarter of 2021.
Revenue in the quarter came in at US$3.2 million, compared to US$1.2 million in Q3, 2021.
Vox, which boasts a portfolio of over 50 royalties and streams spanning eight jurisdictions, also declared an inaugural quarterly cash dividend of US$0.01 per share on September 20, 2022, to be paid to shareholders on November 4, 2022.
"Our recent results demonstrate Vox's consistent outperformance for investors over the past several quarters, setting multiple production, revenue and profitability records notwithstanding a turbulent macroeconomic and geopolitical backdrop," said Kyle Floyd, the CEO in a statement.
"The introduction of a quarterly dividend and Vox's Nasdaq listing highlight management's commitment to investor returns, liquidity, and accretive growth."
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The firm highlighted that in Q3, it had recognized revenues of US$3,181,574, record year-to-date revenues of US$6,403,347 and record year-to-date royalty receipts of US$7,612,264.
Post quarter-end, on October 10 this year, it had also began trading on the Nasdaq Exchange, it added.
Vox increased its producing royalty asset count to seven during the nine months to September 30, with the May acquisition of the Wonmunna royalty and the commencement of production at Otto Bore, it added.
Cash and accounts receivable at quarter end were US$6,486,583.
Contact the writer at giles@proactiveinvestors.com