Cluey Ltd (AU:CLU) has released an update.
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Cluey Ltd reports a significant 65% improvement in Q3 FY24 Underlying EBITDA loss and a 53% reduction in operating and marketing costs, signaling a strong move towards profitability. Despite a decrease in revenue, new students, and sessions, the company saw a Gross Profit Margin increase and a 50% reduction in customer acquisition costs due to strategic cost-saving initiatives and marketing optimizations.
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