Here’s why the Clover (ASX:CLV) share price is rising today

The Clover Corporation Limited (ASX: CLV) share price is trading higher by 1.10% today, after the company announced in its annual general meeting (AGM) that it has a pipeline of new product releases, and that it has won additional business in FY21.

What was said in today’s AGM

Clover says that during FY20, it has faced incredible hardship with bushfires, COVID‐19, and regulatory challenges. Despite all that, the company says it was still able to deliver a solid result for the full year, which was announced in September.

Clover reported a revenue growth of 15% to $88 million, and a 35% increase in its earnings before interest, tax, depreciation and amortisation (EBITDA) to $18.9 million for the full year. The company says that…