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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Cogstate
Cogstate (CGS) investor relations material
Cogstate AGM 2026 presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2026 presentation summary14 Oct, 2026
Financial performance review
FY26 sales contracts $89.0m, up 116%; 90 trial starts vs 35; contracted revenue $118.5m, including $48.3m for FY27, up 54%.
FY26 revenue $60.9m, up 15%; gross profit $35.4m at 58% margin, with 2H26 margin of 62%; PBT $16.1m, up 16%; cash $34.8m and no debt.
1Q27 net sales contracts $25.13m, up 17% YoY; nine new trials included four Phase 3 trials.
Contracted revenue reached $143.7m, with $56.8m expected to be recognised in FY27; FY28 contracted revenue was $39.7m.
Clinical trials backlog run-off totalled $132.3m at 30 September 2026, versus $107.1m at 30 June 2026.
Board and executive committee updates
Martyn Myer was Non-Executive Chairman; Brad O'Connor was Managing Director and CEO.
Ingrid Player chaired Audit, Risk & Compliance; Kim Wenn chaired Remuneration and Nomination; committee memberships also included Richard Mohs and Darryl Inns.
Dividend announcements
FY26 annual dividend increased to A$0.04 per share, fully franked; payout ratio was ~40% of after-tax profit, within the 20%–50% target range.
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Latest events from Cogstate
- $25.13m in Q1 contracts and 41% growth in contracted revenue, led by Phase 3 wins.CGS
Q1 2027 TU - Record FY26 revenue and profit growth driven by CNS trials, new indications, and tech investment.CGSH2 2026
- FY26 sales contracts hit AUD 67.1m, driven by diversification and solution expansion.CGSStatus update
- Revenue up 12% and net profit after tax up 16%, with record Clinical Trials contracts.CGSH1 2026
- Record revenue, profit, and strategic expansion marked the year, with a maiden dividend declared.CGSAGM 2025
- Record revenue, profit, and Medidata partnership drive expansion in CNS and digital trials.CGSH2 2025
- Cogstate and Medidata's partnership accelerates CNS trial innovation with digital and AI solutions.CGSStudy Update
- Profit before tax jumped 135% on 7% revenue growth, with strong cash flow and new IP control.CGSH2 2024
- Record revenue and profit growth in 1H25, led by Clinical Trials and Medidata partnership.CGSH1 2025
Next Cogstate earnings date
H1 202717 Feb, 2027
Cogstate
Next Cogstate earnings date
H1 202717 Feb, 2027
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