CLEARSTAR, INC. Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2018; Provides Earnings Guidance for the Full Year of Fiscal 2018 and Revenue Guidance for Fiscal Year 2019
September 17, 2018 at 02:00 am EDT
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CLEARSTAR, INC. unaudited consolidated earnings results for the six months ended June 30, 2018. For the six months, the company reported net revenue of USD 9,886,000 against USD 8,919,000 a year ago. Loss from operations was USD 610,000 against USD 974,000 a year ago. Net loss before taxes was USD 645,000 against USD 980,000 a year ago. Net loss was USD 666,000 against USD 1,031,000 a year ago. Net cash provided by operating activities was USD 283,000 against net cash used in operating activities was USD 323,000 a year ago. Acquisition of property and equipment was USD 22,000 against USD 15,000 a year ago. Basic and diluted loss per share was USD 0.02 against USD 0.03 a year ago. Achieved adjusted EBITDA positive of USD 65,000 against loss of USD 165,000 a year ago.
The company expects of achieving full year 2018 revenue growth in line with market expectations and being EBITDA positive.
The company expects to deliver accelerated revenue growth in 2019.
ClearStar Inc. (ClearStar) is a technology and service provider to the background check industry, supporting background screening companies, employers and employees with their recruitment and employment application decisions. ClearStar provides employment intelligence to its clients through a suite of information technology (IT) applications for day-to-day use in their business. Its technology includes ScreenMeNow, ClearMD, ClearID and ClearConnect. ScreenMeNow helps users verify candidates by allowing them to enter info and e-signature consent from mobile devices. ClearMD streamlines the drug and clinical test ordering process, which enables to eliminate the errors and hassles of paper forms. ClearID uses on-the-spot identity (ID) validation and facial recognition to make hiring contract labor a snap. With ClearContact, users can organize and schedule their contract workers in one place.
CLEARSTAR, INC. Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2018; Provides Earnings Guidance for the Full Year of Fiscal 2018 and Revenue Guidance for Fiscal Year 2019
CLEARSTAR, INC. 