CCR
Director Trades
| Date | Director | Value |
|---|---|---|
| 4/12/24 | P. Dwyer | $503,250 |
| 4/12/24 | A. Smith | $1,006,500 |
Company News
Credit Clear to acquire ARMA Group Holdings in $46m deal
Technology company Credit Clear (ASX: CCR) has confirmed it will spend $46 million on the purchase of established Australasian debt collection service company ARMA Group Holdings. The acquisition will accelerate Credit Clear’s growth by leveraging its scalable digital billing and communications technology platform across ARMA’s portfolio of more than 400 active clients. It will also […]
Credit Clear makes ‘exceptional progress’ in 2022 following transformational ARMA acquisition
It’s been a record-breaking year for account receivables technology company Credit Clear (ASX: CCR), with chairman Hugh Robertson saying “exceptional progress” had been made particularly since the “transformational acquisition” of ARMA Group in February. At the annual general meeting this week, Mr Robertson said 2022 had brought with it a new chief executive officer in […]
Credit Clear gains new chairman, completes final capital raising stage of ARMA acquisition
Digital receivables management company Credit Clear (ASX: CCR) has appointed a new chairman after completing the final stage of a $29.5 million capital raising to fund its previously announced acquisition of Australasian debt collection entity ARMA Group Holdings. Hugh Robertson has joined Credit Clear’s board a non-executive chairman to support the company as it continues […]
Credit Clear achieves cash flow positive status in first quarter of new financial year
The first quarter of the new financial year has seen Australian receivables management solution provider Credit Clear (ASX: CCR) achieve cash flow positive status, generating $531,000 from its operating activities. Underpinning the cash flow positive period, was record revenue of $8.9 million. The figure represents a 162% jump on the previous corresponding period. The quarterly […]
Credit Clear predicts 150% boost to insurance revenue for new financial year
Receivables management solutions provider Credit Clear (ASX: CCR) has significantly expanded its scope of work with one of Australia’s largest insurance groups and signed three new providers from the sector to its books. The new providers are Zurich Australian Insurance, Aioi Nissay Dowa Insurance Company Australia (ADICA) and another specialist motor insurance provider. Based on […]
Credit Clear continues profitability trajectory with record monthly revenue for August
Credit Clear (ASX: CCR) has achieved four consecutive months of profitability after revealing record monthly revenue for August of $3.28 million. This has boosted Credit Clear’s annual revenue run rate to $39.4 million. Underpinning the record $3.28 million for August were “strong contributions” from large clients onboarded in recent months, as well rising debt referrals […]
Credit Clear reveals 95% increase in revenue to $21.5m for FY2022
Following a new monthly record, Credit Clear (ASX: CCR) has posted a 95% rise in revenue to $21.5 million for the 2022 financial year ended June (FY2022). In its latest annual report, Credit Clear noted the company has been expanding at a compound annual growth rate of 183% since FY2018 when revenue came in at […]
Credit Clear continues rapid growth with 35 new clients in July
Credit Clear (ASX: CCR) revealed 35 new clients had signed-on in July, which are expected to bring in an extra $1.17 million in revenue over the next 12 months. So far, this brings Credit Clear’s cumulative expected revenue to $10.35 million for the next 12 months from new clients onboarded during the 2022 calendar year […]
Credit Clear’s investment in technology pays off with record revenues
Receivables management solution provider Credit Clear (ASX: CCR) has delivered a strong fourth quarter with record revenue of $8.63 million, up 41% quarter-on-quarter and 160% compared to a year ago. The quarter’s results were boosted by a record monthly revenue of $3.12 million for June, taking the company’s annualised revenue run rate of $37.44 million. […]
Credit Clear becomes profitable ahead of schedule, driven by record revenue in May
Credit Clear (ASX: CCR) has hit a major milestone after revealing it achieved profitability ahead of schedule in May 2022, which was propelled by record revenue. The company had previously noted it was on track to achieve this goal from July this year. Profitability was achieved following $3.03 million in revenue coming in during May, […]
