Quarterly ResultMay 12, 2026, 01:17 PM
Cleartronic Q2 Revenue +18.6% to $1.13M; Returns to Profit
AI Summary
Cleartronic, Inc. reported strong financial results for the three months ended March 31, 2026, with revenue increasing by 18.6% to $1.13 million and a return to net income of $63,771, compared to a net loss in the prior year. For the six-month period, revenue grew by 24.07% to $2.39 million, and the company achieved a net income of $258,577. The company also significantly reduced its stockholders' deficit and improved cash flow from operations.
Key Highlights
- Q2 2026 revenue increased 18.6% to $1,133,502 from $955,703 YoY.
- Q2 2026 net income was $63,771, up from a $28,092 net loss YoY.
- Six-month revenue grew 24.07% to $2,386,041 from $1,923,027 YoY.
- Six-month net income was $258,577, up from a $77,217 net loss YoY.
- Stockholders' deficit improved to $(98,073) from $(356,650) as of Sep 30, 2025.
- Cash and cash equivalents were $1,059,508 as of March 31, 2026.
- Q2 2026 Licensing revenue increased 13.28% to $997,213.
- Q2 2026 Hardware Sales and Consulting revenue surged 80.68% to $136,289.