CogState Ltd
ASX:CGS

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CogState Ltd
ASX:CGS
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Price: 2.54 AUD 0.79% Market Closed
Market Cap: 435.9m AUD

CogState Ltd
Investor Relations

Cogstate Ltd. is a global cognitive science company. The firm provides computerized cognitive tests across various domains and support electronic clinical outcome assessment (eCOA) solutions. The firm's segment includes Clinical trials, Healthcare and Research. In the Clinical trials segment, the Company's technology and associated services are used to quantify the effect of disease and of drugs, devices or other interventions on human subjects participating in clinical trials primarily conducted by pharmaceutical and biotechnology companies. In the Healthcare segment, the technology and associated services are being developed as a tool for primary care physicians to assess cognitive decline. Research segment offers various research studies and academic collaborations across various indication of diseases.

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Last Earnings Call
Fiscal Period
Q4 2022
Call Date
Jul 27, 2022
AI Summary
Q4 2022

Record Revenue: Cogstate delivered $45 million in revenue for FY2022, up 38% year-over-year, driven mainly by growth in Alzheimer's clinical trial contracts.

Margin Expansion: EBIT margin improved to 23%–24% of revenue, exceeding previous guidance, reflecting strong operating leverage and cost control.

Contracted Backlog: Revenue backlog reached $139 million at June 30, 2022, up 37% year-over-year, positioning the company for future growth.

Alzheimer's Focus: 84% of FY2022 sales contracts were related to Alzheimer's trials, and upcoming Phase III data readouts from key drugs could be major catalysts.

Strong Cash Position: Net cash increased to $28.7 million, with over $30.5 million in total cash and $9.7 million in operating cash inflow for the year.

Decentralized Trials: Adoption of virtual and home-based clinical trials is accelerating, benefiting Cogstate’s digital assessment technology.

Guidance Maintained: Management expects EBIT margin of 20%–24% to continue, with potential upside if the healthcare segment grows.

Key Financials
Revenue
$45 million
Operating Expense to Revenue Ratio
30%–31%
EBIT Margin
23%–24% of revenue
EBIT
about $10.5 million
Operating Cash Flow
$9.7 million
Net Cash
$28.7 million
Total Cash
just over $30.5 million
Clinical Trial Sales Contracts Executed
$82.5 million
Contracted Revenue Backlog
$139 million
Alzheimer's Share of Sales Contracts
84%
June Quarter Revenue
$12.6 million
Earnings Call Recording
Other Earnings Calls
2022
2021

Management

Mr. Bradley John O'Connor B.Bus, C.A., CA
CEO, MD & Executive Director
No Bio Available
Mr. Darren Watson
Chief Financial Officer
No Bio Available
Ms. Rachel Colite
Executive VP of Clinical Trials
No Bio Available
Prof. Paul Maruff BBSc (Hons), Ph.D.
Founder & Chief Innovation Officer
No Bio Available
Ms. Kristi Geddes
General Counsel, Joint Company Secretary & Director
No Bio Available
Mr. Kenneth Billard
Chief Commercial Officer
No Bio Available
Dr. Kaycee Sink M.D.
Chief Medical Officer
No Bio Available
Mr. David James Franks BEc, C.A., F Fin, J.P.
Joint Company Secretary
No Bio Available

Contacts

Address
VICTORIA
Suite 117, 425 Smith Street, Fitzroy
Contacts
+61396641300.0
cogstate.com