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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 N Federal Hwy # 401
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 technology company that creates and acquires operating subsidiaries to develop, manufacture and sell products, services and integrated systems, and operates through its subsidiaries, VoiceInterop, Inc. and ReadyOp Communications, Inc. The Company, through VoiceInterop, Inc., designs, builds and installs unified group communication solutions, including hardware and customized software for public and private enterprises, and markets those services and products under the VoiceInterop brand name. The Company, through ReadyOp Communications, Inc., facilitates the marketing and sales of ReadyOp software. ReadyOp software is a Web-based planning and communications platform for planning, managing, communicating and directing activities within a single organization or in a unified command structure. The Company's AudioMate 360 IP Gateway provides an Internet protocol (IP) gateway to users of unified group communications.
Financial Overview
For the nine months ended 30 June 2020, CleartronicInc revenues increased 58% to $1.3M. Net income applicableto common stockholders excluding extraordinary itemstotaled $14K vs. loss of $286K. Revenues reflect anincrease in demand for the Company's products and servicesdue to favorable market conditions. Net Income reflectsResearch and development decrease of 27% to $115K (expense), Selling expenses decrease of 5% to $389K (expense).