OTCPK:CLRI

Stock Analysis Report

Executive Summary

Cleartronic, Inc., through its subsidiaries, provides Internet protocol (IP), and unified group communication solutions in the United States.

Rewards

Earnings have grown 10.3% per year over the past 5 years

Risk Analysis

Has less than 1 year of cash runway

Shares are highly illiquid

Does not have a meaningful market cap ($9M)

Currently unprofitable and not forecast to become profitable over the next 3 years

+ 1 more risk


Snowflake Analysis

Weak fundamentals or lack of information.


Similar Companies

Motorola Solutions

NYSE:MSI

Share Price & News

How has Cleartronic's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CLRI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

CLRI

2.0%

US Communications

1.2%

US Market


1 Year Return

100.0%

CLRI

7.5%

US Communications

24.2%

US Market

Return vs Industry: CLRI exceeded the US Communications industry which returned 6.7% over the past year.

Return vs Market: CLRI exceeded the US Market which returned 24.7% over the past year.


Shareholder returns

CLRIIndustryMarket
7 Day0%2.0%1.2%
30 Day-20.0%3.3%3.5%
90 Day-20.0%3.1%11.7%
1 Year100.0%100.0%9.7%7.5%26.9%24.2%
3 Year-41.2%-41.2%52.7%43.0%53.0%43.2%
5 Year-52.9%-52.9%76.5%56.5%75.3%56.0%

Price Volatility Vs. Market

How volatile is Cleartronic's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Cleartronic undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Cleartronic is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Cleartronic has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of CLRI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Cleartronic regulatory filings here.
  • Explore potentially undervalued companies in the Tech industry.

Future Growth

How is Cleartronic forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.4%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Cleartronic has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of CLRI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Cleartronic's filings and announcements here.
  • Explore growth companies in the Tech industry.

Past Performance

How has Cleartronic performed over the past 5 years?

17.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLRI is currently unprofitable.

Growing Profit Margin: CLRI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CLRI is unprofitable, but has reduced losses over the past 5 years at a rate of 10.3% per year.

Accelerating Growth: Unable to compare CLRI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CLRI is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (12.6%).


Return on Equity

High ROE: CLRI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Cleartronic's financial position?


Financial Position Analysis

Short Term Liabilities: CLRI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: CLRI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: CLRI has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: CLRI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: CLRI has a low level of unsold assets or inventory.

Debt Coverage by Assets: CLRI has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CLRI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CLRI has less than a year of cash runway if free cash flow continues to grow at historical rates of 1% each year.


Next Steps

Dividend

What is Cleartronic's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate CLRI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CLRI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CLRI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CLRI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CLRI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Cleartronic's salary, the management and board of directors tenure and is there insider trading?

5.0yrs

Average board tenure


CEO

Marc Moore (65yo)

3.1yrs

Tenure

US$200,000

Compensation

Mr. Michael M. Moore, also known as Marc, has been a Director of Cleartronic, Inc since January 2015. He has been the Chief Executive Officer of Collabria LLC since 2008. Mr. Moore Founded Collabria, LLC i ...


CEO Compensation Analysis

Compensation vs Market: Marc's total compensation ($USD200.00K) is below average for companies of similar size in the US market ($USD519.76K).

Compensation vs Earnings: Marc's compensation has been consistent with company performance over the past year.


Board Age and Tenure

5.0yrs

Average Tenure

65yo

Average Age

Experienced Board: CLRI's board of directors are considered experienced (5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Larry Reid (74yo)

    President

    • Tenure: 21yrs
    • Compensation: US$96.00k
  • Marc Moore (65yo)

    CEO & Director

    • Tenure: 3.1yrs
    • Compensation: US$200.00k

Board Members

  • Larry Reid (74yo)

    President

    • Tenure: 21yrs
    • Compensation: US$96.00k
  • Marc Moore (65yo)

    CEO & Director

    • Tenure: 3.1yrs
    • Compensation: US$200.00k
  • Richard Martin (60yo)

    Chairman of the Board

    • Tenure: 3.1yrs

Company Information

Cleartronic, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cleartronic, Inc.
  • Ticker: CLRI
  • Exchange: OTCPK
  • Founded: 1999
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: US$8.480m
  • Shares outstanding: 211.99m
  • Website: https://www.cleartronic.com

Number of Employees


Location

  • Cleartronic, Inc.
  • 8000 North Federal Highway
  • Suite 100
  • Boca Raton
  • Florida
  • 33487
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CLRIOTCPK (Pink Sheets LLC)YesCommon StockUSUSDNov 2005

Biography

Cleartronic, Inc., through its subsidiaries, provides Internet protocol (IP), and unified group communication solutions in the United States. It develops AudioMate 360 IP Gateway to provide an IP gateway to users of unified group communications; and markets and sells ReadyOp, a Web-based planning and communications platform for planning, managing, communicating, and directing activities within a single organization or in a unified command structure. The company was formerly known as GlobalTel IP, Inc. and changed its name to Cleartronic, Inc. in May 2008. Cleartronic, Inc. was incorporated in 1999 and is based in Boca Raton, Florida. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/21 00:31
End of Day Share Price2020/01/16 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.