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Cluey Ltd (ASX:CLU)

ALERT: Price-sensitive ASX Announcement for CLU
Current share price for CLU : $0.010 0.003 (42.86%)+
Announcement
Release
29 Jul 2026 9:03AM
Price at Release
$0.007
Full Release
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Summary
Cluey Ltd's June 2026 Quarterly Activities Report and Appendix 4C highlighted a 14% improvement in underlying EBITDA despite a 7% decrease in revenue to $6.27 million and a 6% fall in student sessions compared to the prior year. The gross profit margin increased to 59.6% due to favorable currency exchanges, while a significant organizational restructure contributed to a $1.23 million annual cost saving. The company continued to invest in product and technology, resulting in a $231,000 increase in spending to support AI-driven learning and Cluey+ products. Despite a cash burn of $1.35 million, Cluey aims to focus on AI learning investments, close its loss-making UK Code Camp business, and consider de-listing from the ASX to grow its core online tutoring business.
Key Points
  • Cluey Ltd reported an underlying EBITDA loss of $0.66 million for Q4 FY26, representing a 14% improvement compared to the prior corresponding period (PCP).
  • The Group Gross Profit Margin increased to 59.6%, a 3.8% improvement from the previous year.
  • A major organizational restructure saved $1.23 million in annualized costs, reducing full-time equivalent employees by 7.
  • Revenue decreased by 7% to $6.27 million, while student sessions fell by 6% compared to the PCP.
  • The company experienced a cash burn of $1.35 million in Q4 FY26, a decline from a positive cash flow of $0.34 million in the PCP.
  • Investments in product and technology increased by $231,000 to support the rollout of AI-driven learning initiatives and Cluey+ products.
  • Cluey plans to focus on product and technology investments, close its UK Code Camp business, and de-list from the ASX.
  • Cluey reported net cash used in operating activities as ($1.11) million adjusted for one-off costs, with cash on hand amounting to $3.41 million as of 30 June 2026.
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.