07:50 AM EST, 11/20/2025 (MT Newswires) -- Clip Money ( CLPMF ) , which gained 14% on Wednesday, reported overnight Wednesday a third-quarter comprehensive loss which widened, while revenue rose.

The company's comprehensive loss for the third quarter was US$2.8 million, compared to a comprehensive loss of $2.3 million in the corresponding year-ago quarter, which represents an increase of 19%. The company said that the majority of the increase was driven by a non-cash change in the fair value of the company's derivative liabilities, which accounted for 14% of the increase.

The company's net loss for the third quarter was reported at $2.9 million, compared to a net loss of $2.4 million in the year-ago quarter.

Third-quarter revenue was $1.4 million, up 175% from $521,316 in the third quarter of 2024.

"Overall, we added over 1,100 new user locations during the quarter, achieving a record pace of growth, and began marketing our platform more broadly to potential channel partners, where we're seeing meaningful engagement across the ecosystem," said Chief Executive Officer and Co-Founder, Joseph Arrage. "We also continue to demonstrate strong year-over-year revenue growth, with revenue expanding faster than our cost of revenue-a clear indication of the scalability and operating leverage in our business model."