Cleartronic Inc (OTC: CLRI) is a communications software and hardware company that develops and sells web-based planning and communications platforms along with proprietary IP gateway devices. Revenue comes from recurring subscription fees for its ReadyOp and ReadyMed software platforms, hardware sales of AudioMate 360 IP Gateway units, and consulting and conference fees. Deferred revenue totaled $1,791,311 as of September 30, 2025, up from $1,373,325 as of September 30, 2024, reflecting the subscription-forward nature of the business. The company serves emergency management, healthcare, and operations coordination clients in the United States and 18 foreign countries, with more than 1,000 end-users having purchased AudioMate gateways. Cleartronic acquired the Alastar software platform and client list for $50,000 on August 1, 2024, integrating that functionality into ReadyOp. The company does not pay common stock dividends and carries a cumulative arrearage of undeclared Series A Convertible Preferred Stock dividends of $288,365 as of September 30, 2025. Operating expenses rose 32.72% to $3,397,977 for the year ended September 30, 2025.

Revenue model

Recurring subscription fees for ReadyOp and ReadyMed software platforms, one-time hardware sales of AudioMate 360 IP Gateway devices sold directly and through Value Added Resellers, and consulting and conference registration fees. Customer billings for services not yet rendered are deferred and recognized as revenue as services are delivered.

Products and services

ReadyOp: proprietary web-based planning and communications platform for managing and directing operations. ReadyMed: secure communications platform initially designed for the healthcare industry, marketed under the ReadyOp brand. Alastar platform: acquired August 1, 2024, being transitioned into ReadyOp. AudioMate 360 IP Gateway: proprietary Internet Protocol Gateway hardware for unified group communications, sold directly and through VARs.

Customers and end markets

Emergency management organizations, hospitals, clinics, doctor's offices, health insurance companies, workers compensation insurance companies, and operations coordination clients. More than 1,000 end-users across the United States and 18 foreign countries have purchased AudioMate gateways as of the 10-K filed 2025-12-30.

Value-chain role

Software developer and hardware manufacturer selling directly to end-users and through Value Added Resellers. Holds an exclusive license from the University of South Florida Research Foundation for certain patent rights, effective April 25, 2017. Integrates acquired platforms (Alastar, ReadyMed) into its primary ReadyOp product.

Geographic exposure

Primary operations in the United States. AudioMate hardware sold in the United States and 18 foreign countries as of the 10-K filed 2025-12-30. No further geographic revenue breakdown disclosed in the filing excerpts.

Source: SEC 10-K, filed 2025-12-30

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