Q4 Highlights
Year-to-date positive cashflows of $476,000.
Third consecutive quarter with closing cash of $1 million and continued strong inventory position.
Cash receipts from customers of $1 million - 14% higher than Q4 2022.
Third consecutive quarter generating positive operating cash flows.
CYQ has released its Appendix 4C Quarterly Report for the quarter ending 30 June 2023.
Q4 Performance Cycliq continues to build sales momentum and strengthen its global distribution.
Q4 marks the third consecutive quarter of generating positive operating cashflows.
Year-to-date cashflows demonstrate strong improvement.
Receipts from customers reached an all-time high of $5.2 million,
bringing year-on-year growth to 15.3%.
A year-to-date net operating cashflow of $476,000 demonstrates the company’s successful transition to a cashflow positive operation.
Cycliq maintains a strong (unaudited) inventory position of $534,000 and a healthy cash balance in excess of $1 million.
Investment in product development is continuing with a new “Hero” product due for launch in September 2023 In Q4 Cycliq received $28,000 as part of the Australian Government EMDG Grant scheme.
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Must be the cheapest cash flow positive stock on the ASX.
Looking forward to seeing that trend continue....
