Cleartronic Reports 14.5% Revenue Growth in Q3 2026, Achieves Net Income Turnaround

Cleartronic, Inc. reported a notable increase in financial performance for the third quarter and the first nine months of fiscal year 2026, as detailed in its latest 10-Q filing. For the three months ended June 30, 2026, the company generated revenue of $1,235,269, reflecting a 14.5% increase from $1,078,530 in the same period last year. The nine-month revenue also rose by 20.7% to $3,621,310, compared to $3,001,557 in the prior year. The growth was primarily driven by increased sales from the ReadyOp and Alastar platforms, as well as a rise in hardware sales and consulting fees.

Despite the revenue growth, Cleartronic's cost of revenue increased by 19% to $313,629 for the three months ended June 30, 2026, and by 8.7% to $716,453 for the nine months. This rise in costs was attributed to higher expenses related to platform sales and marketing activities. Gross profit for the quarter was reported at $921,640, up from $815,021, while the nine-month gross profit increased to $2,904,857 from $2,342,459. Operating expenses saw a slight decrease of 1.97% for the quarter, totaling $857,638, while they increased by 4.5% for the nine months to $2,605,832, largely due to higher administrative costs associated with an increase in headcount.

The company achieved a net income of $65,006 for the three months ended June 30, 2026, compared to a net loss of $61,093 in the same quarter of the previous year. For the nine-month period, net income attributable to common stockholders was $303,121, a significant turnaround from a net loss of $158,771 in the prior year. This improvement in profitability was primarily due to increased revenues, which offset the rise in operating expenses.

Operationally, Cleartronic's total assets decreased to $1,397,648 as of June 30, 2026, down from $1,606,538 at the end of the previous fiscal year. Current liabilities also decreased significantly from $1,963,188 to $1,420,484, contributing to a reduction in stockholders' deficit from $356,650 to $22,836. The company reported a decrease in accounts receivable and inventory, indicating improved cash flow management and operational efficiency.

Looking ahead, Cleartronic plans to continue enhancing its product offerings and expanding its market presence, particularly through the integration of Alastar functionalities into the ReadyOp platform. The company remains focused on increasing its customer base and improving engagement metrics, with a strategic emphasis on leveraging its software as a service (SaaS) model to drive future growth.