Earnings release
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29 October 2021 ASX Announcement creditclear limited Credit Clear reports record client wins in Q1 FY22 , record total revenue and record digital revenue Key highlights¹ : • • 58 new clients signed for the quarter , up 152 % on prior quarter ( Q4 FY21 ) , including Victoria's largest toll road operator Maintained a 99 % client retention rate and +43 NPS score for the quarter • Record quarterly total revenue of $ 3.4m achieved , up 22 % on pcp • Record quarterly digital revenue of $ 1.3m achieved , up 77 % on pcp • Launch of first campaigns using CCR's strategy manager module ( " Optimiser " ) that have proven significant uplift in client collection rates Credit Clear Limited ( ASX : CCR ) ( " Credit Clear " or the " Company " ) , the market leading digital technology platform for optimising account receivables and customer relationships , is pleased to provide an update on business activities and lodge its latest Appendix 4C cashflow report for the quarter ended September 2021 ( Q1 FY22 ) . David Hentschke , Credit Clear's CEO said : " Credit Clear's strategic initiatives for long - term growth have been significantly progressed during the quarter under review . This quarter's results were underpinned by significant sales efforts , translating to 58 new clients signed for the period , another CCR record and up 152 % on last quarter . Of particular note is Victoria's largest toll road operator , which will begin to utilise our digital platform in the coming months . Just as important is our client retention , which I'm delighted to say remains at 99 % . Winning new clients and retaining existing clients is a resounding vote of confidence in Credit Clear's technology . We have also continued to deliver strong growth in revenue , improving on our last quarter's performance with another period of record achievement . This achievement is particularly pleasing given that there is now significant pent - up demand created by the collection limits put in place during Q1 FY22 . Looking ahead to Q2 , we are therefore well positioned to capitalise on growth , including growth into new international markets where we are actively in discussions with potential partners . We look forward to disclosing these potential partnerships as they become material . " Record quarterly revenue achieved¹ Credit Clear achieved record quarterly revenue in Q1 FY22 of $ 3.4m , which represents an increase of 22 % on pcp . Credit Clear's digital platform continues to perform strongly , achieving record quarterly digital revenue of $ 1.3m , which represents an increase of 77 % on pcp . Note : ( 1 ) All financial results are presented in AUD and are unaudited . Credit Clear Limited Level 4 , 6 Riverside Quay Southbank VIC 3006 W : creditclear.com.au E : investorrelations@creditclear.com.au P : 1300 909 934