Preliminary unaudited results for the year ended 31 December 2023, trading update and Board changes
Cambridge Cognition Holdings plc (AIM: COG), which develops and markets digital solutions to assess brain health, is pleased to announce its preliminary unaudited results for the year ended 31 December 2023 as well as an update on its outlook and current trading. Financial highlights · Revenue up 7% to £13.5m (2022: £12.6m). · Gross profit increased by 8%, with margin improving from 73.9% to 79.9%. · Adjusted operating loss of £1.1m for the year (2022: £0.1m profit), exceeding market expectations, with profitability achieved in the second half. · Loss per share 10.1 pence (2022: 1.3 pence loss per share). · Cash balance of £3.2m at 31 December 2023 (31 December 2022: £8.3m). · Continued reduction in cost base post year-end. Corporate and operational highlights · Successful integration of … Continue reading Preliminary unaudited results for the year ended 31 December 2023, trading update and Board changes
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