Cleartronic, Inc. reported significant financial improvements in its latest 10-Q filing for the quarter ending March 31, 2026. The company achieved revenues of $1.13 million, marking an 18.6% increase from $955,703 in the same quarter of the previous year. For the six-month period, revenues rose by 24.1% to $2.39 million, compared to $1.92 million in the prior year. The growth was primarily driven by increased sales from the ReadyOp and Alastar platforms, which saw revenue rise from $880,274 to $997,213, alongside a notable increase in hardware sales from $11,300 to $100,500.
Despite the revenue growth, Cleartronic's cost of revenue also increased, rising 26.1% to $227,861 for the three months ended March 31, 2026, attributed to higher sales and marketing expenses. Gross profit for the quarter was reported at $905,641, up from $775,052 a year earlier. Operating expenses increased by 5.3% to $853,407, driven mainly by higher administrative costs due to an increase in headcount and general business expenses. The company reported a net income of $53,652 for the quarter, a turnaround from a net loss of $38,210 in the same period last year.
Operationally, Cleartronic has made strategic moves, including the acquisition of assets from Alastar, Inc. for $50,000, which included intellectual property and a client list. This acquisition is expected to enhance the company's offerings and client base. The company continues to support existing Alastar clients while integrating its functionalities into the ReadyOp platform. As of March 31, 2026, Cleartronic reported a customer base of over 1,000 end-users across the United States and 18 foreign countries for its AudioMate IP gateways.
The company’s cash position at the end of the reporting period was $1.06 million, down from $1.12 million at the beginning of the period. Cleartronic's net cash used in operations was $55,927, a significant improvement from $124,945 in the same period last year, reflecting better operational efficiency. Looking ahead, Cleartronic anticipates continued growth driven by its expanding product offerings and customer base, although it acknowledges potential challenges related to market conditions and operational costs. The company remains focused on enhancing its platforms and increasing its market share in the communications sector.
About Cleartronic, Inc.
Cleartronic, Inc. develops communication software and hardware solutions, including the proprietary ReadyOp and ReadyMed platforms, serving government, healthcare, and enterprise markets. The company offers web-based emergency management, secure healthcare communication, and IP gateways for unified group communications. Its business model focuses on SaaS subscriptions, hardware sales, and licensing, leveraging proprietary technology, strategic acquisitions, and contract manufacturing to provide cost-effective, integrated communication solutions.
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