0001091818-26-000014
SEC filingCleartronic, Inc. reported a net loss of $195,000 for Q1 2026 (period ending December 31, 2025), an improvement from the prior quarter's results. Revenue was $1.3 million, generating a gross profit of $1.1 million with a gross margin of approximately 84.6%. Total operating expenses were $895,000, primarily driven by administrative expenses of $861,000. The company generated positive operating cash flow of $148,000, ending the quarter with $1.1 million in cash. The balance sheet shows total assets of $1.7 million against total liabilities of $1.9 million, resulting in a stockholders' deficit of $162,000. Key performance indicators show the company maintained revenue levels while controlling costs, though it remains in a net loss position.
Cleartronic, Inc. reported financial results for Q1 2026 (period ending December 31, 2025) with revenue of $1.3 million and a net loss of $195,000. The company generated gross profit of $1.1 million from this revenue, representing a gross margin of approximately 84.6%. Operating expenses totaled $895,000, with administrative expenses comprising the majority at $861,000. Other income of $12,000 (primarily interest income) partially offset the operating loss. After accounting for preferred stock dividends of $10,000, net loss attributable to common stockholders was $184,000. Basic and diluted earnings per share were both $0. The company showed improvement in cash position with a net increase of $146,000 during the quarter.
Revenue for Q1 2026 was $1.3 million. The document does not provide segment breakdown, geographic mix, or specific growth drivers for the revenue. Cost of revenue was $175,000, resulting in gross profit of $1.1 million. No comparative quarterly revenue figures are provided in the XBRL data or document text to calculate quarter-over-quarter growth rates. The company's revenue generation appears stable at the $1.3 million level based on the current reporting period data.
The company maintained strong gross margins at approximately 84.6% for Q1 2026, calculated from $1.1 million gross profit on $1.3 million revenue. Operating expenses of $895,000 resulted in an operating loss, though specific operating income or margin figures are not explicitly provided in the XBRL data. Administrative expenses of $861,000 represented the largest cost component, followed by selling expenses of $26,000, depreciation and amortization of $5,000, and research and development of $2,000. The net loss margin (net loss as percentage of revenue) was approximately 15.0%.
Operating activities generated $148,000 in cash during Q1 2026, primarily due to adjustments including $28,000 recovery of credit losses and $24,000 decrease in prepaid expenses. Investing activities used $2,000 for purchase of fixed assets. The company ended the period with $1.1 million in cash, up $146,000 from the previous period. The balance sheet shows total assets of $1.7 million, including $1.6 million in current assets. Total liabilities were $1.9 million, with deferred revenue of $1.7 million being the largest component. Stockholders' deficit was $162,000, with accumulated deficit of $15.4 million partially offset by additional paid-in capital of $15.2 million.
The filing does not contain specific management guidance, strategic priorities, or forward-looking statements regarding future performance. No risk factors or outlook commentary are provided in the document content or XBRL data sections. Investors should monitor subsequent filings for updates on the company's strategic direction, market conditions, and any guidance provided by management in future quarterly reports or annual filings.