CVCheck ARR Tips $ 10Mn, Reports 6% Revenue Improvement for Q3FY20 Despite Market Turbulences

April 30, 2020 12:57 PM AEST
Team Kalkine

Background screening and verification company, CV Check Limited (ASX: CV1) has announced its March Quarterly 2020 results reporting 6% rise in revenue to $ 3.3 million, which comprises nearly $ 2.4 million revenue from B2B segment and $ 0.9 million from the B2C segment. This is despite the events impacting Australia, New Zealand and globally in recent months due to COVID-19.

The Company’s Booked Annualised Recurring Revenue (ARR) has increased to $ 10.2 million, exceeding $ 10 million for the first time. CVCheck’s balance sheet remains strong with cash at bank $ 4.9 million as at 31 March 2020 with no debt.

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