May 10 (Reuters) - CogState Ltd (CGS) :
- ANNOUNCED A RESTRUCTURE THAT WILL SEE APPROXIMATELY 13% OF COMPANY'S FULLTIME WORKFORCE EXIT CO
- ONE-OFF RESTRUCTURE COSTS OF A$0.6 MILLION WILL BE INCURRED IN CURRENT JUNE 2023 QUARTER
- MOST OF HEADCOUNT REDUCTIONS COME FROM CLINICAL TRIALS BUSINESS UNIT
- RESTRUCTURE REDUCING ANNUAL COSTS BY APPROXIMATELY A$2.6 MILLION ONCE RESTRUCTURE IS FULLY IMPLEMENTED
- FY23 REVENUE IS EXPECTED TO BE IN RANGE OF A$39M - A$41M
- EXPECT COST REDUCTIONS WILL HELP US TO RESTORE CLINICAL TRIALS OPERATING MARGINS, AND TO DELIVER PROFIT GROWTH, IN 2024 FY
- RESTRUCTURE WILL BE FULLY IMPLEMENTED, AND ALL RESTRUCTURE COSTS WILL BE FULLY ABSORBED, PRIOR TO 30 JUNE
- FY23 EBITDA, FROM NORMAL OPERATIONS, EXPECTED TO BE IN RANGE OF A$3.5M - A$4.5M
- OPERATING CASHFLOW FOR 2H23 IS EXPECTED TO BE IN RANGE OF LOSS OF A$1.0M - PROFIT OF A$1.0M
- SEES FY NET PROFIT BEFORE TAX, INCLUDING RESTRUCTURE COSTS AND INTEREST REVENUE, IN RANGE OF A$0.6M - A$1.6M
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$1.75 |
Change
0.005(0.29%) |
Mkt cap ! $295.6M | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.79 | $1.70 | $215.1K | 124.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.75 | 2646 | 1 |
View Market Depth
| Last trade - 16.10pm 01/07/2025 (20 minute delay) ? |
| CGS (ASX) Chart |