Cardiex Limited (ASX: CDX), announced record quarterly research sales in Q1 FY24, with sales more than doubling compared to the same period in the prior year. It’s on track to exceed AU$12 million in revenue for FY24, compared to AU$6.01 million in FY23. The company’s strong performance is attributed to growth in both its research and pharmaceutical sales channels, as well as continued investment in new product development. The company also increased spending of AU$1.54 million on product development and operating costs for new and existing products during the March 2024 quarter.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
