Credit Clear upgrades its FY24 guidance

Australian technology and debt collection provider Credit Clear have announced a further guidance upgrade for its FY24 results following the previous upgrade announced on 26 February 2024.

Following the completion of the year-to-date management accounts to 31 May 2024, the full-year underlying guidance has been upgraded as follows:

• FY24 revenue is expected to be at the upper end of the $40 million – $42 million guidance; and

• FY24 Underlying EBITDA guidance is up from “in excess of $3 million” to in excess of $3.7 million, representing a ~23% increase in minimum expectations.

The guidance upgrade reflects an improving Underlying EBITDA margin, which is a key focus and expectation in Credit Clear’s continued growth.