Credit Clear Limited ( (AU:CCR) ) has shared an announcement.
Credit Clear Limited reported strong financial results for the first half of FY25, with a 16% increase in revenue to $23.2 million and a 66% rise in underlying EBITDA to $2.9 million. The company is on track to meet its FY25 revenue guidance of $48-50 million and underlying EBITDA of over $7 million. The growth is attributed to improved operational leverage, increased client acquisition, and a favorable macroeconomic environment, which has heightened demand for Credit Clear’s services as more businesses prepare for an increase in overdue accounts.
More about Credit Clear Limited
Credit Clear Limited is an Australian technology and debt collection provider. The company focuses on digital collections and offers an integrated end-to-end service to various industry sectors, including banking and finance, energy retailers, telecommunications, and insurers.
YTD Price Performance: -17.65%
Average Trading Volume: 277,204
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$118.7M
See more data about CCR stock on TipRanks’ Stock Analysis page.