Cambridge Cognition Holdings (COG)

Sector:

Health Care

Index:

FTSE AIM All-Share

23.50p
   
  • Change Today:
    -0.70p
  • 52 Week High: 82.50
  • 52 Week Low: 23.00
  • Currency: UK Pounds
  • Shares Issued: 27.64m
  • Volume: 38,590
  • Market Cap: £6.50m
  • RiskGrade: 350

Cambridge Cognition shares tumble after profit warning

By Iain Gilbert

Date: Tuesday 27 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Digital solutions developer Cambridge Cognition warned on Tuesday that interim losses looked set to widen after revenues dwindled and costs grew in the six months ended 30 June.
Cambridge Cognition saw losses widen 68.9% to £1.74m during the first half of the year, while revenues fell 21% to £2.17m.

While Cambridge Cognition reported a "strong" order book of £6.43m, up from £5.95m the previous year, the group also warned that with some "challenging" trading conditions in other units, full-year losses were expected to be around £2.8m, almost double the £1.44m loss in 2018.

The AIM-listed group said this was largely a result of the reduction in revenue and a 30% increase in research and development investment.

Chief executive Matthew Stork said: "Whilst trading has been difficult this year for the core product range, the company is taking steps to improve commercialisation and to improve sales in the second half of 2019 and beyond into 2020."

At 0915 BST, Cambridge Cognition shares were down 42.40% to 36p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

COG Market Data

Currency UK Pounds
Share Price 23.50p
Change Today -0.70p
% Change -2.89 %
52 Week High 82.50
52 Week Low 23.00
Volume 38,590
Shares Issued 27.64m
Market Cap £6.50m
RiskGrade 350

COG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.3% below the market average12.3% below the market average12.3% below the market average12.3% below the market average12.3% below the market average
44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average
Price Trend
95.09% below the market average95.09% below the market average95.09% below the market average95.09% below the market average95.09% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
38.04% below the market average38.04% below the market average38.04% below the market average38.04% below the market average38.04% below the market average
37.14% below the sector average37.14% below the sector average37.14% below the sector average37.14% below the sector average37.14% below the sector average

COG Dividends

No dividends found

Trades for 21-Feb-2020

Time Volume / Share Price
12:49 787 @ 23.00p
11:00 39,970 @ 23.20p
11:00 34,999 @ 23.40p
09:15 313 @ 23.95p
08:38 2,491 @ 23.04p

COG Key Personnel

Chair Michael Geoffrey Lewis
CFO Nick Walters
CEO Matthew Stork

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