Cambridge Cognition revenues to be below forecast

Cambridge Cognition Holdings expects revenue for the year ended 31 Dec to be marginally below the £6.9m reported in 2016 but with the sales order pipeline value up 56% on the prior year.

The company said it had expected to sign two large contracts with a combined value of approximately £2.3m in the last quarter and whilethe contracts were at an advanced stage, they were now expected to commence in the first half of this year.

The company said it now expects to be broadly break even for the year at the EBITDA line (before share based payment charges).

At 9:25am: (LON:COG) Cambridge Cognition Holdings share price was -26.5p at 127.5p