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Cycliq Group Ltd ( (AU:CYQ) ) has shared an update.
Cycliq Group Ltd reported strong Q2 FY2025 results, with a 15% increase in cash receipts and a closing cash position of $1.122 million, driven by higher average transaction values. The company also focused on enhancing its eCommerce platform and supply chains, while preparing for new product developments. The appointment of new directors and the establishment of an Advisory Board with expertise in Edge AI is expected to enhance Cycliq’s strategic capabilities. The company’s strategic initiatives, including an eCommerce and CRM platform upgrade, are aimed at maintaining sales growth and preparing for future product expansions, which could strengthen its market position.
More about Cycliq Group Ltd
Cycliq is an Australian-based company known for its innovative smart safety, action, and sport cycling products, including the Fly6 and Fly12, which are combined light and camera systems. With operations in Australia and China, Cycliq markets its products directly to consumers via its website and Amazon, and through over 6,000 retail points in regions including the USA, UK, EU, and Asia-Pacific. Cycliq’s cameras, which include safety lights, serve as black boxes during incidents, providing cyclists peace of mind. Since its inception in 2012, the company has shipped over 200,000 products to more than 50 countries.
Current Market Cap: A$2.3M
Find detailed analytics on CYQ stock on TipRanks’ Stock Analysis page.
