Yep - I agree Very solid report - and all trending in the right...

Yep - I agree

Very solid report - and all trending in the right direction.

Especially the 99% retention rate, the increasing revenues, the OPEX, and the EBITDA numbers.

Also thought the Chairman & CEO "letters" read really well, and are well worth a read.

Below are the highlights from the CCR summary (sorry in advance for the crappy formatting):

• • Revenue of $35.0m up 63% YoY and a strong end to the year with record monthly revenue in June 2023
  Normalised EBITDA1 inclusive of Technology Development (OPEX) of $0.2m for the year
• Cash used in operations2 improved by $6.4m or 73% to -$2.3m
• New clients signed during the year included several tier-1 clients and potential revenue3 of $11.6m
• The volume of debt files referred by clients grew 40% to 1.2m and the value of files under management grew 59% to $2.1bn
• High margin digital collections grew 88% YoY to $71.m driven by strong adoption from ARMA’s largest collections team (Consumer Division)
• Cost of living pressures intensified significantly during FY23, and Australian companies are preparing for an increase in overdue accounts by strengthening their collection capabilities, resulting in more work for Credit Clear
• $12m cash at bank and no debt