Yep - great interview with Andrew Smith - the CEO of CCR Couple...

Yep - great interview with Andrew Smith - the CEO of CCR

Couple of key points that I took away from it:

Whilst the first half was a good result (EBITDA & cashflow positive), Andrew said "I expect a far better result in the second half of the year - which should then drop straight through to the CCR bottom line".

And IMO he hinted at upgrading their guidance even further down the track

And he was very bullish about the operation leverage they had now achieved , "they were now past the inflection point", and gross margins continued to improved as more & more customers moved from anologue to digital.

And sounds like international expansion is well & truly on the cards - which will probably be through an existing client (eg global insurance company) as previously mentioned on these boards.

Sounds like they have learnt their lessons from the previous expansion in South Africa.

Here is a quick article that I found about CCR's half year result yesterday:

The Aussie tech-debt collection provider Credit Clear (ASX:CCR) upgraded guidance for FY24 following a strong 1H’24 result, which included better margins, revenue, mre customers and a decent balance sheet.

CCR is now tracking ahead of FY24 guidance, and consequently here’s the newly upgraded forecast:

FY24 revenue guidance up from $39m – $41m to $40m – $42m, and FY24 Underlying EBITDA1 guidance up from $1m – $2m to in excess of $3m.

CCR revenue jumped up 15% pcp to over $20mn; Underlying EBITDA improved some $1.8m on the pcp and Statutory EBITDA improved $5.4m on pcp; Gross margin expanded to 54%, up from 50% in 1H’23 .

CCR says it signed on 225 new clients, a 24% increase on pcp, including tier-1 clients in banking, insurance, and essential services (utilities).

And we all like a strong balance sheet: CCR now has $13m cash at the bank, an improvement of $3.7m on pcp. Investors like a lot of that.