This was an encouraging update

Credit Clear is showing strong business momentum, with October revenue hitting a record $4.29m, up 23% year-on-year. YTD revenue stands at $16.3m, a 20% increase, and gross margins have risen from 53% to 56%. They're on track to meet or exceed FY25 guidance of $48–50m revenue and $7m+ EBITDA.

The potential from eight new tier-1 clients is worth emphasising, with an additional $8-10m in future annual revenue. These include major players in energy and telecommunications, marking an important step into new sectors. This builds on their dominance in insurance, where they already serve five tier-1 clients.

As discussed with the CEO recently, each new tier-1 client acts as a strong reference, helping to accelerate further sales. Existing clients also seem to be broadening their relationship with CCR, adding more depth to their revenue streams.

With six consecutive quarters of positive operating cash flow and a strong cash buffer, Credit Clear appears in excellent financial health. And one of those rare businesses that can benefit from any economic malaise.

Disclosure: Held