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Cycliq Group Ltd (ASX:CYQ)

ALERT: Price-sensitive ASX Announcement for CYQ
Current share price for CYQ : $0.004 -0.002 (-33.33%)+
Announcement
Release
23 Apr 2026 7:28PM
Price at Release
$0.006
Full Release
download
Summary
Cycliq Group Ltd released its March 2026 Quarterly Report highlighting a 23% decrease in customer receipts compared to Q3 FY2025, with a significant improvement in March due to the UpRide Birthday campaign. The company recorded a net cash outflow of $626k, primarily due to settling significant Q2-related costs. Q4 is expected to see normalized operating costs, strengthening cash flow through cost reductions and increased sales momentum. Cycliq continues to focus on product development and strategic partnerships in the cycling safety sector. The report details operational expenses and related party payments, with the announcement authorized by the Board of directors.
Key Points
  • Customer receipts for the quarter were $561k, a 23% decrease compared to Q3 FY2025.
  • March performance improved significantly with $435k in customer receipts.
  • The UpRide Birthday campaign generated $256k in revenue.
  • Cycliq recorded a net operating cash outflow of $626k for the quarter.
  • Q4 is expected to show normalised operating costs.
  • Cash flow position is anticipated to strengthen due to cost reductions and sales momentum.
  • Cycliq continues to develop new products and partnerships with cycling safety organizations.
  • Cycliq's operational expenses primarily comprised of product and manufacturing costs, administrative and corporate costs, and staff costs.
  • Payments to related parties totaled approximately $38,000.
  • The announcement was authorized by the Board of directors of Cycliq.
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.