Cycliq Group Ltd (AU:CYQ) has released an update.
Cycliq Group Ltd reported a stellar 32% increase in customer receipts in Q4 2024, bolstered by the successful launch of their advanced Fly6 Pro camera and a sales surge during the UpRide 4th Birthday sale. The company is gearing up for a busy Q1 2025 with replenished stock for the Fly12 Sport and aims to streamline U.S. distribution ahead of Black Friday. Meanwhile, Cycliq is defending against a legal claim from Cycliq Research and Development (HK) Limited, with case proceedings initiated in the Supreme Court of Western Australia.
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