Cambridge Cognition Holdings PLC Trading Update and Notice of Results (2125T)
21 Julio 2022 - 1:00AM
UK Regulatory
TIDMCOG
RNS Number : 2125T
Cambridge Cognition Holdings PLC
21 July 2022
21 July 2022
Cambridge Cognition Holdings Plc
("Cambridge Cognition", the "Company" or the "Group")
Trading Update and Notice of Results
Continued strong growth and outlook with revenue increased by
31% on prior year
Cambridge Cognition Holdings Plc (AIM: COG), which develops and
markets digital solutions to assess brain health, is pleased to
announce strong growth for the six months ended 30 June 2022.
The unaudited financial highlights for the six months ended 30
June 2022 are:
-- Increase in like-for-like sales orders of 44% to GBP7.2
million (H1 2021: GBP8.6 million including GBP3.6 million of
one-off orders)
-- Growth in revenue of 31% to GBP5.9 million (H1 2021: GBP4.5 million)
-- Increase in contracted order book of GBP1.5m million since
the last year end to GBP18.6 million (31 December 2021: GBP17.1
million)
-- Profit after tax in line with expectations at GBP0.02 million (H1 2021: GBP0.1 million)
-- Continued growth in cash balances at 30 June 2022 to GBP8.6
million (31 December 2021: GBP6.8 million)
The Company followed up its strong performance in 2021 with a
considerable growth in revenues to GBP5.9 million in the first half
of 2022, which is up 31% on H1 2021 (H1 2021: GBP4.5 million).
Order intake was in line with the Board's expectations at GBP7.2
million, up 44% on a like-for-like basis on H1 2021 (H1 2021:
GBP8.6 million including GBP3.6 million of one-off orders) and the
Company has a healthy and growing qualified pipeline of
opportunities for the second half of 2022.
The contracted order book was GBP18.6 million at 30 June 2022,
an increase of GBP1.5 million since the start of the year. The
order book provides the Company with visibility over future
revenues and provides a solid foundation from which the Company can
continue with its plans to invest in product and commercial
development to further expand the business.
Trading conditions continue to be positive and the Company has
high levels of engagement with existing and potential new clients.
With continued investment in commercial activities and product
development, the Company expects to achieve further year-on-year
revenue growth. The cash position continues to grow to GBP8.6
million at 30 June 2022 and provides the business with the platform
to make considered investments as opportunities arise.
Notice of Results
The interim results for the six months ended 30 June 2022 will
be announced on 20 September 2022.
The Company will conduct a live presentation and Q&A session
for investors on the same day at 5:30 pm BST. The presentation is
open to all existing and potential shareholders. Those wishing to
attend should email cog@investor-focus.co.uk and they will be
provided with log in details. There will be the opportunity for
participants to ask questions at the end of the presentation.
Questions can also be emailed to the above address ahead of the
presentation.
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018.
Upon the publication of this announcement via the Regulatory
Information Service, this inside information is now considered to
be in the public domain.
For further information, please contact:
Cambridge Cognition Holdings Plc Tel: 01223 810 700
Matthew Stork, Chief Executive Officer press@camcog.com
Stephen Symonds, Chief Financial Officer
Panmure Gordon (UK) Ltd
(NOMAD and Joint Broker) Tel: 020 78862500
Freddy Crossley / Emma Earl / Mark (Corporate Advisory)
Rodgers
Rupert Dearden (Corporate Broking)
Dowgate Capital Limited (Joint Broker) Tel: 020 3903 7715
David Poutney / James Serjeant
IFC Advisory Ltd (Financial PR and Tel: 020 3934 6630
IR)
Tim Metcalfe / Graham Herring / Zach cog@investor-focus.co.uk
Cohen
Notes to Editors
About Cambridge Cognition
Cambridge Cognition is a technology company developing digital
health products to better understand, detect and treat conditions
affecting brain health. The Company's software products assess
cognitive health in patients worldwide to improve clinical trial
outcomes, identify and stratify patients early and improve global
efficiency in pharmaceutical and healthcare industries.
For further information visit www.cambridgecognition.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTVBLFLLDLFBBZ
(END) Dow Jones Newswires
July 21, 2022 02:00 ET (06:00 GMT)
Cambridge Cognition (LSE:COG)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Cambridge Cognition (LSE:COG)
Gráfica de Acción Histórica
De May 2023 a May 2024