Clarocity Corp CLRYF

Clarocity Corp is a California based firm. The company is engaged in the development of real estate valuation software product and related technological products. Its products and services are MarketValue Pro Appraisal, Traditional Appraisal, AQC Appraisal Review, BPOPro, ANMPro and BPOMerge. The company also provides alternative valuation and appraisal fulfillment services. Most of its revenue is earned through the United States market.

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Clarocity Corp

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Post by SpiderWeb101on Jun 06, 2017 2:21pm

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Clarocity (TSXV:CLY)

Clarocity reported Q1 2017 financial results this month, amassing $3.2m in revenue, in sync with previously announced results. The company grew 81% YoY, with minimal impact from many of the recently announced contracts. Accordingly, the company expects that May and June will contain a larger portion of results from some of the contracts announced in 2017 and continued monthly growth throughout the year.
April’s revenue of $1.2m was relatively in line with the pattern of growth the company has displayed over the last 5 months. While slightly down from March’s $1.3m, the management team at Clarocity has expressed confidence that they are well in line with internal revenue projections for the year. The nature of Clarocity’s business is that revenue can be lumpy – we believe this to be the case for the month of April.