Cluey Ltd (AU:CLU) has released an update.
Cluey Ltd has reported a substantial improvement in its financial performance for FY24, with a 56% reduction in Group Underlying EBITDA loss and significant cost savings. The company’s strategic cost-saving measures, including a reduction in operating and marketing costs by 36% and a 58% decrease in full-time staff, have been key to this turnaround. Additionally, their customer acquisition costs have seen considerable improvement, hitting the lowest level since the company’s inception.
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