Quarterly ResultAug 12, 2026, 03:11 PM
Cleartronic Q3 Net Income $75K, Revenue Up 14.5%
AI Summary
Cleartronic, Inc. reported a significant turnaround in its financial performance for the third quarter and nine months ended June 30, 2026. The company achieved a net income of $75,237 in Q3 2026, reversing a loss from the prior year, with revenue growing 14.5% to $1.24 million. Year-to-date, net income reached $333,814 on a 20.6% increase in revenue to $3.62 million, and the stockholders' deficit was substantially reduced. While cash and cash equivalents saw a slight decrease, the overall shift to profitability and revenue growth indicates a positive trend.
Key Highlights
- Q3 2026 net income was $75,237, reversing a net loss of $50,862 in Q3 2025.
- Q3 2026 revenue increased 14.5% to $1.24 million from $1.08 million in Q3 2025.
- Year-to-date net income reached $333,814, up from a $128,079 loss in the prior year.
- Year-to-date revenue grew 20.6% to $3.62 million from $3.00 million.
- Stockholders' deficit significantly reduced by 93.6% to $(22,836) from $(356,650).
- Licensing of ReadyOp Software revenue increased 14.25% year-to-date to $3.06 million.
- Hardware Sales and Consulting revenue increased 74.06% year-to-date to $558,874.
- Cash and cash equivalents decreased to $1.01 million from $1.12 million since September 2025.
Price Impact
More from CLRI