InvestSMART

Clever Culture Systems Limited (ASX:CC5)

ALERT: Price-sensitive ASX Announcement for CC5
Current share price for CC5 : $0.018 -0.011 (-37.93%)+
Announcement
Release
17 Feb 2026 9:51AM
Price at Release
$0.029
Full Release
download
Summary
Clever Culture Systems Limited, along with its subsidiary Clever Culture Systems AG, reported a net loss of $1.3 million for the half year ending 31 December 2025, primarily due to the absence of government grants and increased expenses in staff and development. The total revenue for the period was $2.6 million, predominantly from sales of their APAS® Independence instruments and related services. The company's cash position improved to $3.1 million, supported by short-term receivables and a tax incentive claim. Although no dividends were proposed, the net tangible assets per share increased from 0.16 to 0.22 cents. There were no significant changes in control over entities, and no substantial subsequent events were declared. The directors expressed confidence in the company's ability to meet its financial obligations.
Key Points
  • Net loss of $1.3 million for the half year ending 31 December 2025.
  • Revenue of $2.6 million mainly from APAS® Independence instruments.
  • Improvement in cash position to $3.1 million.
  • No dividends proposed for this period.
  • Increase in net tangible assets per share to 0.22 cents.
  • No significant changes in control over entities.
  • Directors confident in meeting financial obligations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.