08:16 AM EDT, 05/31/2024 (MT Newswires) -- Clip Money ( CLPMF ) , which jumped 17% from near 52-week lows yesterday, overnight Thursday reported a wider comprehensive loss for the first quarter as revenue soared 851% on a surge in new users making deposits and the introduction of new products.

The company reported a first-quarter comprehensive loss of US$2.5 million, or US$0.02 per share, 5% wider than a loss of US$2.4 million, or US$0.03 per share, a year earlier.

Revenue for the quarter ended March 31 was US$299,176, up from $31,465 a year earlier.