Cleartronic Reports 7.3% Revenue Growth but Faces Net Loss in Latest Quarter

Cleartronic, Inc. reported a revenue increase of 7.3% for the three months ended June 30, 2025, reaching $1,078,530 compared to $1,005,050 in the same period of 2024. For the nine months ending June 30, 2025, revenue surged by 37.5% to $3,001,557, up from $2,183,110 year-over-year. The growth was primarily driven by increased sales from the ReadyOp platform and the addition of the Alastar platform, which contributed significantly to the revenue stream. However, sales of ReadyOp hardware products saw a decline, dropping from $302,604 in 2024 to $17,550 in 2025.

Despite the revenue growth, Cleartronic experienced a net loss attributable to common stockholders of $61,093 for the three months ended June 30, 2025, compared to a net income of $74,625 in the prior year. For the nine-month period, the net loss was $158,771, a significant increase from a loss of $6,373 in the same period of 2024. The losses were attributed to a 44.2% rise in operating expenses, which totaled $874,887 for the quarter, driven by increased administrative costs and headcount. The company also reported a notable increase in general and administrative expenses, which rose by 49.6% due to higher business expenses and personnel costs.

Operationally, Cleartronic's total operating expenses for the nine months ended June 30, 2025, reached $2,493,718, a 53.1% increase from $1,628,603 in the previous year. The company maintained its research and development expenses at $2,000 for the three months ended June 30, 2025, consistent with the prior year, but saw a decrease in R&D spending for the nine-month period, down to $8,000 from $18,603. The company’s other income also decreased significantly, dropping 63.2% to $23,180 for the nine months ended June 30, 2025, primarily due to a lack of gains from extinguished liabilities that were present in the previous year.

In terms of strategic developments, Cleartronic acquired a group of assets from Alastar, Inc. for $50,000 on August 1, 2024, which included intellectual property and a client list that will be amortized over five years. The company continues to focus on expanding its market presence through its ReadyOp and ReadyMed platforms, which are utilized by various sectors including government agencies and healthcare providers. Looking ahead, Cleartronic anticipates that the integration of the Alastar platform will enhance its service offerings and contribute positively to future revenue growth, although it acknowledges the challenges posed by rising operational costs and market conditions.