<a href="https://laohu8.com/S/CLPMF">Clip Money Inc.</a> Reports 248% YoY Revenue Growth in <a href="https://laohu8.com/S/QTWO">Q2</a> 2025, Driven by New Products and User Expansion
Clip Money Inc. (TSX-V: CLIP) (OTCQB: CLPMF) has announced its financial results for the second quarter of 2025, reporting substantial revenue growth. Revenue for Q2 2025 reached $1.35 million, reflecting a 248% increase from $387,955 in the same quarter of 2024 and a 39% increase from the first quarter of 2025. This growth was driven by an increase in new deposit users and contributions from new products like change orders and implementation fees, which accounted for 13% of total revenue in Q2 2025. The company also noted that its cost of revenues rose by 60% year-over-year to $1.15 million, which was significantly outpaced by the revenue growth. Clip Money's network expansion, in partnership with Green Dot, has extended its cash deposit services to over 4,000 big-box retail locations, enhancing customer access and convenience. The company's ClipChange service has achieved over 8,000 change orders since its launch in 2024, further supporting its operational growth. Specific figures for net income, profit, or loss were not provided in the announcement.
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