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 railbirdon Jul 11, 2017 2:27pm

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Virtus Advisory Group July Newsletter segment

Clarocity Corporation (TSXV:CLY)

In June, Clarocity held their AGM where investors received an update on the company’s operations. With CAD $5.8m in unaudited revenue for the first five months of 2017 after reporting a total of $6.2m revenue in FY’16, the company has expressed confidence that they will hit the milestones they outlined early this year, including continued growth in monthly revenue and cash flow breakeven by end of year.
The company expects revenue to ramp up in the remaining two quarters of 2017 as they are now operationally set. While contracts have taken longer to onboard than expected as a result of some bad data received along the way from some clients, the lack of quick ramp up is not a reflection of Clarocity’s technology or any sort of mismanagement.
The company is in the process being eligible to trade through OTCQB and expects to receive approval shortly. This will allow American investors a much clearer path to entry and ultimately benefit Canadian shareholders as liquidity improves.