Will list middle of next month, being sold in 25 countries now with over 35000 units sold, about to expand into South Africa, Asia and South America
Revenue doubled last year but lot of room for growth, estimated market 60 bill.
Teamed up with Trek Wiggle Strava and raleigh
Gross margins of between 40% and 90%
Launching new product final quarter
Cycling accessories market massive and look at the latte sippers on the weekend they all want to have the latest and best, cycliq will be expanding into other areas with a recognised brand name now
