Cycliq Group Ltd (AU:CYQ) has released an update.
Cycliq Group Ltd experienced positive cash flow from operating activities, reporting $316,000 for the current quarter, but a year-to-date deficit of $292,000. The firm’s end-of-quarter cash and cash equivalents stood at $619,000, a notable increase from the beginning of the quarter’s $345,000. Despite this, both investing and financing activities showed a net cash outflow, highlighting a focus on maintaining operations over expansion or capital raising.
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