Cardiex Limited (AU:CDX) has released an update.
CardieX Limited has reported a net increase in cash and cash equivalents of $4,296,000 for the current quarter, with a year-to-date increase of $716,000, despite a net cash outflow from operating activities. The company saw cash inflows from financing activities, including proceeds from equity securities, partially offset by payments related to research, staff, and other operating costs. The financial results reflect the company’s spending on research and development, and manufacturing, while also securing additional funds through financing activities.
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