company
Cognate
+21.41%
closure:0
opening:3.8
High:4.29
low:3.78
cycle:—
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In the last fiscal quarter that ended at the end of last January, recorded revenues of NIS 73.2 million, 41% below the figure for the corresponding quarter last year. The company’s gross profit was 28.4 million dollars, reflecting a gross profit rate of 61%. Operating expenses of $65 million led the company to record an operating loss of $21 million. The bottom line recorded a net loss attributable to the shareholders of $27.1 million – a loss per share (non-gap) of $0.16, the analysts’ expectation was for a loss of $0.18 per share.
In an annual view, the company recorded revenues of $312 million, above analysts’ expectations of $306 million. The company recorded a gross profit of 120 million dollars and a net loss attributable to the shareholders amounting to 114 million dollars. In terms of expectations for next year, the company expects revenues of $300 million and a diluted loss per share of $0.6, the analysts’ forecast so far was revenues of $287 million and a loss of $0.69 per share.
Upon publishing the reports, the company’s CEO, Elad Sharon, said: “I am happy to report that our non-gap preparations for the last quarter of the year came in at the upper end of our estimates. We continue to win large deals and increase our backlog, which helps raise our revenue forecast for next year.”
The company’s total cash and cash equivalents, as of the beginning of February, stands at $39 million, a drop of 86% compared to the figure for the same period last year. The company’s total assets are 443 million dollars, of which 28% are attributed to goodwill.
Cognite – the cyber and data analysis company, is a spin-off carried out a little less than two years ago from the Verint company managed by Dan Bonder. Vernit stayed with the business intelligence in the civil sector and Cognate with the security side. Elad Sharon, who was the president of the company’s cyber division and became the CEO of Cognite. The company trades at a value of $283 million and since the beginning of the year the company’s stock has increased by 33%. The company’s shares began trading on Nasdaq in early February 2021 at a price of $36 per share, since The stock fell by 89%.
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