InvestSMART

Cluey Ltd (ASX:CLU)

ALERT: Price-sensitive ASX Announcement for CLU
Current share price for CLU : $0.007 -0.013 (-65%)+
Announcement
Release
29 Apr 2026 8:29AM
Price at Release
$0.020
Full Release
download
Summary
Cluey Ltd reported its March 2026 Quarterly Activities Report, highlighting a 16% improvement in operating cash outflow to $0.79 million. The company's gross profit margin increased to 58.1%, driven by 5% new student growth in its online tutoring division and the launch of Stage 1 of its AI-driven Cluey+ products. Despite an underlying EBITDA loss of $2.11 million, due to higher customer acquisition costs, Cluey maintained $4.81 million in cash as of March 31, 2026. Investing activities saw a net cash usage increase to $0.34 million, attributed to Cluey+ development, while payments to directors and related parties amounted to $99,000. Customer acquisition costs were adversely affected by a 13% rise in paid search and social media expenses.
Key Points
  • Operating cash outflow improved to $0.79 million, a 16% reduction from the previous corresponding period.
  • Group gross profit margin increased to 58.1%.
  • New student growth of 5% in the online tutoring division.
  • Release of Stage 1 of AI-driven Cluey+ products.
  • Underlying EBITDA loss of $2.11 million, reflecting increased customer acquisition costs.
  • Total cash on hand as of 31 March 2026 was $4.81 million.
  • Net cash from operating activities was ($0.79) million for Q3 FY26.
  • Net cash used in investing activities was ($0.34) million, an increase due to investment in Cluey+.
  • Payments to directors and related parties totaled $99,000.
  • Customer acquisition costs impacted by 13% inflation in paid search and social media.
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.