Core Insights - Clip Money Inc. has expanded its partnership with Centennial, enabling more than a dozen Centennial locations to host ClipDrops, providing cash deposit solutions for over 1,600 retail and restaurant tenants [1][2]. Group 1: Partnership and Expansion - The collaboration with Centennial marks a significant milestone in Clip's mission to modernize cash-handling for retailers across North America, increasing Clip's mall network to over 500 shopping centers [2]. - The partnership aims to reduce friction in cash deposits for retailers, allowing employees to focus on retail operations while saving time and money [4]. Group 2: Industry Context and Benefits - Retailers are facing challenges due to bank branch closures and reduced hours, making ClipDrop a valuable solution by offering an indoor deposit option available during extended retail hours [3][6]. - The expansion is timely for the holiday season, when cash volumes increase and operational demands intensify, highlighting the need for reliable and trackable deposit solutions [5]. Group 3: Company Overview - Clip Money operates a multi-bank self-service deposit system, allowing businesses to deposit cash at various locations, with funds credited to their bank accounts typically within one business day [6]. - The company combines hardware, customer support, a digital platform, and a cloud-based transaction engine to enhance business banking transactions across the U.S. and Canada [6].

Core Insights - Clip Money Inc. reported a significant revenue growth of 175% year-over-year for Q3 2025, reaching $1,435,501 compared to $521,316 in Q3 2024, while costs of revenue increased by only 55% during the same period, indicating strong operating leverage [1][5][6] Financial Performance - Q3 2025 core revenue (excluding non-recurring revenue) increased by 26% quarter-over-quarter compared to Q2 2025, driven by new sales growth and existing customer penetration [5] - Cost of revenue for Q3 2025 was $1,301,817, reflecting a 55% year-over-year increase, significantly lower than the revenue growth rate [5] - Operating expenses for Q3 2025 were $1,987,589, a 24% increase year-over-year, with a 16% increase quarter-over-quarter, primarily due to higher operating expense accruals [5] - Comprehensive loss for Q3 2025 was $2,764,599, a 19% increase year-over-year, largely attributed to a non-cash change in the fair value of derivative liabilities [5] Network and Customer Growth - Clip Money expanded its U.S. business deposit network, becoming the largest non-bank network for business cash deposits in the U.S. with over 8,100 deposit locations [5][6] - The company added 1,110 new user locations in Q3 2025, including approximately 780 locations from Claire's, a nationwide retailer [5][6] - ClipChange recorded a 19% order growth in Q3 2025 compared to Q2 2025, enhancing the company's cash management strategy [6] Business Model and Strategy - Clip Money operates a multi-bank self-service deposit system, allowing businesses to deposit cash at various retail locations, which are credited to their bank accounts typically within one business day [11] - The company combines functional hardware, a mobile app, and a cloud-based transaction engine to maximize business-banking transactions, providing a cost-effective solution for business banking deposits [11]

Core Insights - Clip Money Inc. reported a significant revenue growth of 175% in Q3 2025 compared to Q3 2024, with total revenue reaching $1,435,501 [5][6] - The company maintained high operating leverage, as the cost of revenues increased by only 55% during the same period [5][6] - Comprehensive loss for Q3 2025 was $2,764,599, reflecting a 19% increase YoY, primarily due to a non-cash change in the fair value of derivative liabilities [5][6] Financial Performance - Q3 2025 revenue was $1,435,501, up from $521,316 in Q3 2024, indicating a 175% YoY growth [5] - Core revenue (excluding non-recurring revenue) increased by 26% QoQ compared to Q2 2025 [5] - Cost of revenue for Q3 2025 was $1,301,817, up 55% YoY, significantly lower than revenue growth [5] - Operating expenses rose to $1,987,589 in Q3 2025, a 24% increase YoY, but were 16% higher QoQ due to accruals [5][6] Network and Customer Growth - The company expanded its U.S. business deposit network, becoming the largest non-bank network for business cash deposits in the U.S. with over 8,100 deposit locations [5][6] - Organic growth added 1,110 new user locations in Q3 2025, driven by new retail brands and existing customer expansion [5][6] - Claire's, a fashion retailer, joined the Clip network with approximately 780 locations utilizing all three deposit channels [5][6] Product Development - Revenue from new products, including change orders, accounted for 12% of total revenue in Q3 2025, up from 8% in Q3 2024 [5] - ClipChange recorded a 19% order growth in Q3 2025 compared to Q2 2025, enhancing the cash management strategy for customers [6]

Core Insights - Clip Money Inc. reported a significant revenue growth of 248% year-over-year for Q2 2025, reaching $1,349,587 compared to $387,955 in Q2 2024, while costs of revenue increased by only 60% during the same period, indicating strong operating leverage [1][5][6] Financial Performance - Revenue for Q2 2025 was $1,349,587, reflecting a 39% increase quarter-over-quarter from Q1 2025 [5] - Costs of revenue for Q2 2025 were $1,147,057, up 60% year-over-year, significantly lower than the revenue growth rate [5] - Operating expenses for Q2 2025 were $1,719,300, a slight increase of 1% year-over-year, and 6% lower compared to Q1 2025 [5] - Comprehensive loss for Q2 2025 was $2,427,185, an improvement of 5% compared to $2,548,297 in Q2 2024 [5] Network and Customer Expansion - The company expanded its U.S. business deposit network by launching ClipCenter in partnership with Green Dot, adding over 4,000 deposit locations, bringing the total to 8,500 [5][6] - Clip Money added 294 new users in Q2 2025, driven by organic growth and the deployment of new mall locations [5] - The company welcomed new strategic retailers, including Earthbound Trading Company and Tumi, enhancing its customer base [5][6] Product Development - ClipChange achieved a milestone of delivering over 8,000 change orders since its launch in 2024, providing businesses with secure packages of notes and coins [6] - Revenue from new products, including change orders and implementation fees, accounted for 13% of total revenue in Q2 2025, up from 7% in Q2 2024 [5]

Core Insights - Clip Money Inc. reported a significant revenue growth of 225% year-over-year for Q1 2025, reaching $972,706 compared to $299,176 in Q1 2024, while costs of revenue increased by only 35% during the same period, indicating strong operating leverage [1][5]. Financial Performance - Q1 2025 revenue was $972,706, a 225% increase from Q1 2024, but down 16% quarter-over-quarter due to seasonal factors [5]. - Costs of revenue for Q1 2025 were $1,009,557, up 35% year-over-year, reflecting a much lower increase compared to revenue growth [5]. - Operating expenses rose by 9% year-over-year to $1,832,196, and net loss improved by 5% year-over-year to $2,280,281 [5]. Customer and Network Expansion - The company added 29 new shopping center locations, bringing the total to 473 ClipDrop deposit units [5]. - A partnership with Green Dot will expand the network by adding over 4,000 over-the-counter deposit locations, enhancing the scale and convenience of the Clip Network [4][5]. Product Development - Revenue from new products, including Change Orders and implementation fees, accounted for 22% of total revenue in Q1 2025, up from 9% in Q1 2024 [5]. - The company experienced a 153% increase in new deposit users and a 10% increase in average monthly deposit revenue per user [5]. Strategic Initiatives - The company is focused on expanding its U.S. business deposit network, aiming to build the largest and most convenient business deposit network in the U.S. [5]. - The board approved the grant of 965,000 restricted share units and 27,500 options to recognize performance in 2024, with vesting schedules outlined [6][7].