Cycliq Group Ltd ( (AU:CYQ) ) has shared an announcement.
Cycliq Group Ltd reported a strong sales performance in Q3 FY2025, with a 29% increase in receipts from customers compared to the previous year, totaling $731,000. This growth is attributed to strategic marketing initiatives and an enhanced product offering strategy. The company also saw significant digital engagement, particularly on its UpRide platform, which increased brand visibility and awareness of cycling safety. Cycliq is preparing to launch a new e-commerce platform on Shopify to improve the shopping experience and is focusing on software development to expand its digital ecosystem. The company is gearing up for significant sales events, which are expected to drive further sales growth.
More about Cycliq Group Ltd
Cycliq Group Ltd is an Australian-based company specializing in smart safety, action, and sport cycling products. It is known for manufacturing and marketing the Fly6 and Fly12, which are world-first, all-in-one light and camera safety systems. Cycliq operates in Australia and China, selling directly to consumers through its website and Amazon, and has a significant retail presence in the USA, UK, EU, and Asia-Pacific regions. The company’s products are designed to enhance cycling safety with ultra-high-definition cameras that integrate safety lights and function as a black box during incidents.
Current Market Cap: A$921K
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