Cardiex March 2024 Quarter Update

Cardiex Limited (ASX:CDX) (Cardiex, the Company) is pleased to present its Quarterly Report.

Highlights:

• On track for record annual company revenues (>$11m).
• Inventory/production update and marketing activities ahead of commercial launch of the Pulse biometric monitor.
• CONNEQT Pulse accepted for inclusion in the American Medical Association’s Validated Device Listing (VDL), affirming its clinical accuracy and reliability.
• Successful completion of HEARTsense Wearable Study validating SphygmoCor® biomarker technology in wearables.
• New patent awarded by USPTO for wearable PPG sensor technology.
• Completion of Institutional Placement.
• Completion of Entitlement Offer partially underwritten by C2 Ventures (C2V).
• Increase in the Funding Commitment Agreement (FCA) with C2V due to partial underwriting of the Entitlement Offer.
• Cash and committed funding (under FCA) > $10m to fund growth initiatives, operations and achievement of business objectives.
• Appointment of new non-executive Director.
• Extraordinary General Meeting on or shortly after 24 May to approve the FCA.
• Relisting of shares on ASX.
• Post quarter investor webinar scheduled for 24 April.
• CEO Final Comments.

On behalf of management and the Board, I am pleased to provide shareholders with an update on recent activities.

As we move towards the end of fiscal year 2024 we also move closer towards a number of significant and material milestones for the Company. Headlining this update is record Company revenue and other income of over $11m underpinned by continuing strong performance in our Clinical Trial Services Group – a revenue trend we expect to continue into FY 2025.

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