Cogstate (ASX:CGS) eyes revenue and profit growth in FY25 with increased contract value

Wed 30 Oct 24, 01:18 AM | Team Kalkine

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Highlights

FY24 revenue rose 7% year-on-year (YoY) to USD 43.4 million, with a 9% increase in clinical trial revenue.

CGS partnered with Medidata to deliver comprehensive solutions for CNS disease assessments.

CGS plans to increase profit in FY25, with significant clinical trial sales contracts already executed.

Cogstate Limited (ASX:CGS) is an ASX-listed neuroscience technology company engaged in optimising cognitive assessments to aid the development of new therapeutics and delivering earlier brain health insights in clinical care.

Over the past more than 20 years, CGS’ revenue has increased consistently as it has established itself as a trusted partner for biotechnology and pharmaceutical organisations. In the last three years, revenue was higher than USD 40 million every year. In the financial year 2024 (FY24), CGS’ revenue jumped 7% YoY to USD 43.4 million, with 9% YoY surge in clinical trial revenue and 9% YoY drop in healthcare revenue.

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