• Thu. Sep 22nd, 2022

Cambridge Cognition benefits from a continued surge in orders – Business Weekly

ByWikafever

Sep 21, 2022

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A bulging order book has laid the foundations for further growth for Cambridge Cognition Holdings Plc which develops and markets digital solutions to assess brain health.
For the six months to June 30, Cambridge Cognition Holdings followed its strong 2021 performance with a 31 per cent growth in revenues to £5.9 million. 
Order intake was in line with the board’s expectations at £7.2m, up 44 per cent on a like-for-like basis on H1 2021 and the company reveals a growing, qualified pipeline of opportunities for the second half of 2022.
The contracted order book was £18.6m at June 30 – increasing from £17.1m at December 31. The order book provides the company with visibility over future revenues and provides a solid foundation from which it can continue to invest in product and commercial development to further expand the business.
It says that trading conditions continue to be positive and that it enjoys high levels of engagement with existing and potential new clients.
With continued investment in commercial activities and product development, Cambridge Cognition expects to achieve further year-on-year revenue growth. 
The cash position continued to grow to £8.6m at June 30 and provides the business with the platform to make considered investments as opportunities arise.
CEO Matthew Stork said: ‘I am delighted with our continued progress over the last six months. Our contracted order book is at its highest level and, along with a healthy sales order pipeline and strong cash generation, puts us in a great position to continue to invest in strategies to grow the business further.”
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