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Cogstate (CGS) investor relations material

Cogstate Investor Presentation summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Investor Presentation summary24 Nov, 2025

Strategic positioning and market opportunity

  • Specializes in CNS endpoint solutions, offering digital cognitive testing and advanced analytics for neuroscience clinical trials.

  • Holds a 25-year track record with proprietary assessment IP, validated in real-world and peer-reviewed research.

  • Partners with leading pharma/biotech and leverages a global network of 300+ neuropsychiatric professionals across 50+ languages.

  • Strategic alliances, including with Medidata, enhance integrated digital offerings and trial efficiency.

  • Estimated CNS endpoint market segment to grow from $600–700M to $1.0–1.3B by 2030, with 10–15% CAGR expected.

Growth, diversification, and innovation

  • Expanded offerings and product innovation drive increased market share and contract value.

  • Network now includes over 360 consulting clinicians supporting 51 languages, enabling centralized assessment and telehealth visits.

  • Channel partnerships and integrations with industry leaders like Medidata, THREAD, and Clinical Ink support growth.

  • Sales contracts in psychiatry/mood trials reached $6.9M in 1Q26, up from $3.2M in all FY25.

  • 1Q26 sales contracts totaled $21.4M, up 88% year-over-year, with diversification across Alzheimer's, depression, rare diseases, and more.

Financial performance and shareholder structure

  • FY25 revenue reached $53.1M (up 22%), with clinical trials revenue at $50.6M (up 28%).

  • Profit before tax was $13.9M (up 96%), and NPAT was $10.1M (up 86%).

  • Gross margin was 61%, EBITDA margin 30%, and EBIT margin 25%.

  • Operating cash flow was $11.5M, with a cash balance of $35.6M after a $4.8M share buy-back.

  • Paid a fully franked dividend of A$0.02 in Sep 2025, with a payout ratio of 20–50% NPAT annually.

Explain 1Q26 sales contract diversification
How do channel partners drive market share?
Impact of centralized assessment on revenue
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Frequently asked questions

Cogstate Limited is a cognitive science company, which provides computerized cognitive tests for clinical trials, academic research, healthcare and brain health applications. Cogstate has three internationally accredited test laboratories in Australia, UK, and Italy/France. These non-invasive tests are focused on memory and attention based aspects of cognition and also include specific modules to assess other functions such as reaction time and impulsivity. Cogstate Limited was incorporated in 1999 and is based in Fitzroy, Australia.

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