CV1 Reports Strong B2B Growth During Q1FY20

  • Oct 30, 2019 AEDT
  • Team Kalkine

CV Check Limited (ASX: CV1), a leading online integrated screening and verification company, reported a record revenue during Q1FY20.

  • The company reported revenue of $3.5 million, with $2.6M coming from B2B customers reporting a B2B growth of 24% on pcp.
  • Sales in the B2C customer segment were 15% weaker as compared to Q1FY19 as the Company shifted the bias toward generating higher quality B2B revenue;
  • Booked Annual Recurring Revenue (ARR) increased to $9.6M, from $9.2M for the 12 months ended 30 June 2019.

At AEST 02:13 PM, the stock was trading at $0.155 per share.

 

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