CDX 0.00% 5.9¢ cardiex limited

Ann: CardieX Announces Major New Clinical Trial Services Contract, page-29

  1. 484 Posts.
    lightbulb Created with Sketch. 23
    Nice announcement, will keep them afloat and help reach their revenue target.
    However targeting the clinical trial market (after all these years) doesn't excite the market, because of the one-off revenue from the contract. Also how big is this market?

    Cdx needs recurring revenue, and the faster they transition to a SaaS model and cut costs the better.
 
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