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Cleartronic Inc (PK:CLRI)

Business Focus: N/A

Sector:  Technology Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 8000 North Federal Highway, Suite 100
BOCA RATON FL 33487
Tel: N/A
Website: https://www.cleartronic.com
IR: See website
Key People
Richard J. Martin
Chairman of the Board
Larry M. Reid
President, Chief Financial Officer, Secretary, Director
Michael M. Moore
Chief Executive Officer, Director
Business Overview
Cleartronic, Inc. is a diversified holding company that creates and acquires operating subsidiaries to manufacture and sell products, services, and integrated systems to governmental agencies, private and not-for-profit business enterprises, and the general public. The Company operates through its wholly owned subsidiary, ReadyOp Communications, Inc. (ReadyOp). ReadyOp facilitates the marketing and sales of subscriptions to the ReadyOp and ReadyMed platform and the AudioMate IP gateways. ReadyOp is a Web-based planning, communications and operations platform for planning, managing, communicating, and directing operations and emergency response. ReadyOp is used by local, state and federal government agencies, corporations, school districts, utilities, hospitals and others to manage and report daily operations. ReadyMed is a Web-based secure communications platform designed for the healthcare industry. It also offers Internet protocol (IP) gateways branded as AudioMate 360 IP Gateway.
Financial Overview
For the three months ended 31 December 2023, Cleartronic Inc revenues increased 20% to $606K. Net income applicable to common stockholders increased 9% to $7K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was partially offset by Administrative expenses increase of 26% to $406K (expense), Selling expenses increase of 77% to $120K (expense).