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The latest update is out from Carly Holdings Limited ( (AU:CL8) ).
In the December 2024 quarter, Carly Holdings Limited reported significant growth in active subscribers, driven by consumer and corporate expansion and increased electric vehicle subscriptions. Key financial highlights included a 41% increase in customer receipts and record-high subscription revenue, while operational costs decreased through staff and marketing optimizations. Carly’s strategic fleet management included the disposal of $556,000 in vehicles, aligning with customer demand. The EV Trial initiative continued its expansion, offering potential car buyers a cost-effective way to experience electric vehicles. These developments underscore Carly’s strengthened position in the vehicle subscription market, with implications for continued growth and operational efficiency.
More about Carly Holdings Limited
Carly Holdings Limited operates in the vehicle subscription industry, providing flexible car subscription services to both consumer and corporate customers. The company focuses on expanding its electric vehicle offerings and collaborating with automotive dealers and manufacturers to monetize their vehicles through subscriptions.
YTD Price Performance: 30.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$3.49M
See more data about CL8 stock on TipRanks’ Stock Analysis page.
