CV Check Ltd (ASX:CV1) has been granted a trading halt ahead of an announcement regarding a strategic acquisition and capital raising.
The halt will remain in place until the beginning of trade on Wednesday, February 10, or when an announcement is released to the market, whichever occurs earliest.
Record $3.5 million revenue
The company notched up record revenue of more than $3.5 million during the December quarter with $2.7 million coming from business to business booking and $800,000 from business to client bookings.
Another record of $7 million has been set in the first half of FY2021 while more than $10.2 million was achieved for the 12-months ARR to December 31, 2020.
The strong revenue performance was accompanied by continued strength in total website usage and new account sign-ups.
CV Check CEO Rod Sherwood said: “All channels performed strongly: direct sales, revenues booked through integration partners and the nascent international white label channel where our first marquee client Netforce Global LLC already features among our group-wide top 30 customers for the quarter.”