Cambridge Cognition Holdings (GB:COG) has released an update.
Cambridge Cognition Holdings has reported a revenue increase of 7% to £13.5m for the year ended 31 December 2023, with a significant improvement in gross margin from 73.9% to 79.9%. Despite a challenging economic climate, the company successfully integrated acquisitions and launched new products, leading to profitability in the second half of the year. Looking forward, the company aims to continue strengthening its commercial capabilities, focusing on CNS clinical trials, and managing a reduced cost base to drive future profitable growth.
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