FINANCIALS: US background check firm ClearStar reveals revenue rise

US-based ClearStar has seen revenue increase 11% year-on-year, according to interim results for the six months to 30 June 2018.

The results, released by the technology and service provider to the background check industry, today reveals group revenue increased to $9.9m (£7.5m), driven by revenue from its medical information services business.

Commenting on the group’s performance, ClearStar CEO Robert Vale said: “In our core growth streams of medical information services and direct sales, we saw a strong increase in revenue as we capitalised on our competitive-lead in product offering and our expanding brand awareness. 

“We also established new channels-to-market and implemented measures to strengthen our sales & marketing infrastructure, which are already helping to add to our pipeline. 

“With good visibility over revenue and increasing interest in ClearStar’s services, especially for medical screening, we are confident of achieving full year 2018 revenue growth in line with market expectations and being EBITDA positive, and we expect to deliver accelerated revenue growth in 2019.”

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