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Why Did Cardiex’s Revenue Plunge 67% While Losses Nearly Doubled in FY2025?
12:49am on Sunday 21st of December, 2025 AEDT
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Healthcare
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Why Did Cardiex’s Revenue Plunge 67% While Losses Nearly Doubled in FY2025?
12:49am on Sunday 21st of December, 2025 AEDT
Key Points
67% decline in revenue to $3.55 million, excluding one-off trial revenue revenue up 10%
Net loss nearly doubled to $13.23 million due to lower revenue
Cost-cutting initiatives reduced expenses in second half of FY2025
Raised over $14.7 million through placements, entitlements, and debt conversion
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CARDIEX (ASX:CDX)
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