- ClearVue Technologies (CPV) has tabled its half-year report, showing a 51.6 per cent increase to reported revenue from ordinary activities
- The company spent the six month period focused on international sales and marketing activities as well as beginning construction at the world’s first solar greenhouse
- Additionally, ClearVue managed to appoint a new U.S. manufacturer and distributor during the period
- CPV’s board also underwent a refresh during the six months, with a new CEO assigned as well
- Financially, ClearVue ended December 31 with a $1.8 million loss which is an increase on the previous corresponding period’s $1.22 million loss
- The company’s bank balance grew to $2.39 million after it carried out a successful capital raising in August and September
ClearVue Technologies (CPV) has tabled its half-year report for the 2021 financial year, revealing a 51.6 per cent increase to reported revenue from ordinary activities.
Finances & activities
The industrial stock’s revenue totalled more than $574,000 at the end of the half-year, up from just over $378,000 at the end of 1H FY20.
The company ended December 31 with a $1.8 million loss, which is an increase on the previous corresponding period’s $1.22 million loss
ClearVue’s bank balance also grew to $2.39 million by the end of the half-year after it successfully carried out a capital raising in August and September.
Activities wise, the company spent much of the six months to December 31 focused on international sales and marketing efforts.
CPV signed a new distributor for Sao Paulo, Brazil and also received an order from that same distributor for a project which is due to kickoff this year.
Additionally, ClearVue received an order relating to a greenhouse at Fujisan Winery, which is based in Japan.
In a big development for the business, the half-year period also marked the beginning of construction on the world’s first solar greenhouse.
Leadership changes
CPV used the six months to December to refresh its board with the appointment of Roger Steinepreis and with Jamie Lyford and Sean Rosenberg both resigning.
Jamie is staying with the business but has instead moved into both the Chief Operating Officer and General Counsel role.
Additionally, Kenan Jagger stepped into the interim CEO role. Since the end of the half-year though, Kenan has left the company and Dieter Moor has been awarded the European CEO role.