CardieX Limited Reports Revenue Surge and Reduced Loss

CardieX Limited (AU:CDX) has released an update.

CardieX Limited reported a significant 137% increase in revenue for FY 2024, totaling $10.9 million, largely attributed to the early completion of a multi-year clinical trial. Despite this revenue surge, the company still registered a net loss, although reduced by 60% to $7.6 million compared to the previous year. The balance sheet improved with a strengthened net asset position, but no dividends were declared for the period.

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