tiprankstipranks
Cluey Ltd Achieves Major Financial Turnaround in FY24
Company Announcements

Cluey Ltd Achieves Major Financial Turnaround in FY24

Cluey Ltd (AU:CLU) has released an update.

Don't Miss our Black Friday Offers:

Cluey Ltd has reported a substantial improvement in its financial performance for FY24, with a 56% reduction in Group Underlying EBITDA loss and significant cost savings. The company’s strategic cost-saving measures, including a reduction in operating and marketing costs by 36% and a 58% decrease in full-time staff, have been key to this turnaround. Additionally, their customer acquisition costs have seen considerable improvement, hitting the lowest level since the company’s inception.

For further insights into AU:CLU stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App