Cellular Goods Plc (GB:CLAI) has released an update.
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Cel AI PLC, previously known as Cellular Goods, has announced a significant reduction in operating losses by 66%, net cash of £1m, and the appointment of Mike Edwards as the new CEO. The UK-based company, specializing in AI-driven personalized beauty advice and CBG-powered skincare, is rebranding to focus on innovation and market leadership. Despite a 42% sales decline in the first half of the year, Cel AI has launched a ‘Meet Cel’ campaign for customer engagement and is refocusing efforts on their AI tool for future growth.
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