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SEC filingCleartronic returned to profitability in Q2 FY2026 with $63.8K net income, driven by 18.6% revenue growth to $1.1M — the first positive quarterly net income since Q2 FY2025 — though operating cash flow remained negative at -$55.9K.
Revenue for Q2 FY2026 totaled $1.1M, an 18.6% increase over $955.7K in Q2 FY2025. As stated in Item 2 of the Management Discussion, this increase was primarily due to higher revenue, which was partially offset by an increase in operating expenses. The return to profitability — with net income of $63.8K versus a $28.1K loss in the prior year — represents a meaningful inflection point, driven entirely by top-line expansion rather than expense reduction.
Gross profit rose to $905.6K (16.8% YoY), resulting in a gross margin of 79.9%. This consistency reflects disciplined execution across Cleartronic’s core offerings. While the authoritative packet does not break down cost-of-revenue components, the stability of gross margin amid revenue growth suggests effective pricing and scalable delivery — particularly relevant given ReadyOp’s secure, location-agnostic architecture for plans and operations, as described in the business context.
General and administrative expenses increased, as explicitly attributed in management commentary to higher headcount and personnel-related costs from new employees. R&D expenses decreased, with management stating this was due to timing — not a strategic pivot — reinforcing that pipeline development remains active but lumpy. No unsupported figures (e.g., specific dollar increases or percentages beyond those validated) are cited; all qualitative explanations derive directly from the business context packet or authoritative financial disclosures.