CardieX Limited Faces Cash Flow Challenges
Company Announcements

CardieX Limited Faces Cash Flow Challenges

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

CardieX Limited reported a challenging quarter with a net cash outflow from operating activities totaling $2.8 million, contributing to a year-to-date deficit of $7.6 million, despite receiving government grants and tax incentives. The company’s financial activities generated a cash inflow, primarily from equity securities, leading to a modest overall increase in cash and cash equivalents by $716,000 over the past 12 months. Significant expenses were attributed to staff costs, administration, and corporate costs.

For further insights into AU:CDX stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskCardieX Begins U.S. Pre-orders for CONNEQT Pulse
TipRanks Australian Auto-Generated NewsdeskCardieX Limited Announces Annual General Meeting
TipRanks Australian Auto-Generated NewsdeskCardieX Stakeholder Regal Funds Alters Shareholding
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App