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Cardiex Cuts Costs, Launches New Product, Eyes Capital Raise Amid Cash Burn
3:59am on Monday 2nd of June, 2025 AEST
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Healthcare
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Cardiex Cuts Costs, Launches New Product, Eyes Capital Raise Amid Cash Burn
3:59am on Monday 2nd of June, 2025 AEST
Key Points
Q3 operating cash outflow of A$2.06 million, year-to-date outflow of A$8.14 million
30% cost base reduction delivering annualized savings of A$4.7 million
Launch of CONNEQT Pulse and App generating new revenue streams
Received A$1.46 million R&D tax incentive refund used to repay loans
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CARDIEX (ASX:CDX)
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