Credit Clear's Revenue Jumps 23% in October; Shares Fall 5%

MT Newswires Live2024-11-25

Credit Clear's (ASX:CCR) revenue reached AU$4.3 million in October, reflecting a 23% increase compared to the same month last year, according to a Friday filing with the Australian bourse.

The company's year-to-date revenue is AU$16.3 million, up 20% from the same period last year.

Credit Clear is developing revenue from eight potential tier-1 clients,which represent AU$8 million to AU$10 million in additional future earnings.

The digital payment technology company expects to meet or potentially exceed its fiscal 2025 guidance of AU$48 million to AU$50 million in revenue and an additional AU$ 7 million in underlying earnings before interest, taxes, depreciation, and, amortization after the first four months of the year.

The company saw digital collections of AU$11.9 million a 23% increase from last year.

Credit Clear's shares fell 4% at market close.

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