In what is normally a weaker quarter for revenue & cash receipts...

In what is normally a weaker quarter for revenue & cash receipts (Oct - Dec), we were looking for CCR's revenue & cash receipts this quarter to both be over $10m.

And management delivered on both fronts.

Revenue was $10.02m & up 19% from PCP - which surely puts them in line for a revenue guidance upgrade at some stage over the next month or two.

And cash receipts were very strong for the quarter at $11.67m - with a positive nett cash from operating activities of $1.33m.

So CCR's cash at bank increased by $853,000 (to over $13m & no debt) - and this is despite paying out approximately $500,000 on the aquisition.

Digital collection % up strongly - which is significantly increasing the overall gross profit margin for this business.

Plus another 111 new clients signed.

IMO this report was excellent, this business continues to progress strongly - and it is only time (despite the current tough market conditions for micro caps) for the market to realise just how cheap CCR currently is.

Have a great week everyone