How Cycliq’s AI Deal and Viral Videos Are Reshaping Its Growth Story
Cycliq Group Limited reported a 3.8% revenue increase to AUD 4.78 million for FY2025 alongside a significant reduction in net loss, driven by strategic product enhancements and a new AI partnership. The company also strengthened its board and launched a revamped e-commerce platform, positioning itself for growth despite ongoing legal and operational risks.
- FY2025 revenue up 3.8% to AUD 4.78 million
- Net loss narrowed by 40% to AUD 470,689
- 10-year AI license agreement with BeEmotion.ai Ltd
- New non-executive directors appointed, one resignation
- Launch of upgraded Shopify e-commerce platform
Financial Performance and Operational Highlights
Cycliq Group Limited has reported a modest but meaningful improvement in its financial results for the year ended 30 June 2025. Revenue rose 3.8% to AUD 4.78 million, reflecting the company's focus on enhancing its product offerings and marketing strategies. Meanwhile, the net loss attributable to members narrowed substantially by nearly 40%, from AUD 920,198 in FY2024 to AUD 470,689 in FY2025.
This progress comes despite challenging economic conditions and ongoing operational risks, underscoring Cycliq's commitment to refining its core cycling safety technology products, including the Fly6 Pro and Fly12 Sport camera and light systems.
Strategic Advances and AI Partnership
A key highlight for the year was the signing of a 10-year license agreement with NVISO Group Ltd (soon to be BeEmotion.ai Ltd) to integrate advanced artificial intelligence capabilities into Cycliq's Fly camera range. This partnership aims to leverage computer vision and AI to enhance cyclist safety, a critical value proposition for the company’s product suite.
To support this initiative, Cycliq completed a capital raise of AUD 352,000, which funded payments under the license agreement. The company also provided BeEmotion.ai with a curated dataset of approximately 13,000 high-quality cycling videos, positioning the AI models for robust development and real-world application.
Board Changes and Digital Growth
Governance changes included the appointment of two new non-executive directors, Gareth Jakeman and Andrew Cotterill, both bringing expertise in technology strategy and scaling fast-growth businesses. Their arrival coincided with the resignation of Chris Mews, who stepped down to focus on other interests.
On the digital front, Cycliq significantly boosted its online presence. The UpRide platform saw viral success on Instagram and TikTok, with millions of views that helped raise brand awareness and drive customer acquisition. This digital momentum complements the launch of a new Shopify e-commerce platform in August 2025, designed to improve mobile functionality and customer experience.
Risks and Outlook
Despite these positive developments, Cycliq faces material uncertainties. The company reported net liabilities of AUD 107,024 at year-end and highlighted ongoing legal disputes with its Hong Kong joint venture partner. Manufacturing reliance on contractors in mainland China and foreign exchange exposure add layers of operational risk.
Management remains confident in the going concern status, supported by cash flow forecasts and cost containment measures. Looking ahead, Cycliq plans to build inventory ahead of the Cyber November sales period, aiming to capitalize on the enhanced e-commerce platform and digital engagement to drive growth in FY2026.
Bottom Line?
Cycliq’s strategic AI partnership and digital upgrades set the stage for growth, but legal and operational risks warrant close investor attention.
Questions in the middle?
- How will the ongoing legal disputes with the Hong Kong joint venture partner resolve, and what financial impact might they have?
- What commercial milestones and product enhancements will emerge from the AI integration with BeEmotion.ai?
- Can Cycliq sustain improved cash flows and profitability amid manufacturing and foreign exchange risks?
