Cognition Therapeutics (NASDAQ:CGTX) Announces Earnings Results, Beats Expectations By $0.03 EPS

Cognition Therapeutics (NASDAQ:CGTX) issued its quarterly earnings data on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.03, FiscalAI reports.

Here are the key takeaways from Cognition Therapeutics’ conference call:

• Cognition says it has aligned with the FDA on a planned Phase III trial of zervimesine for mild-to-moderate DLB, with one pivotal study potentially sufficient, subject to FDA review of the completed data. The company aims to start the trial in mid-2027.
• The planned trial will use hallucinations and delusions, measured by the NPI-2, as its primary endpoint, with daily living activities as a key secondary endpoint. Management cited favorable Phase II SHIMMER results across DLB symptoms, but the Phase III study will need to confirm whether the treatment slows disease progression.
• The company is evaluating funding options for the DLB trial. Management said the revised design requires less than half the roughly 750 participants initially contemplated, but did not provide a new trial cost; current cash is expected to fund operations only into the fourth quarter of 2027.
• The 545-participant START Phase II study in mild cognitive impairment and early Alzheimer’s disease is fully enrolled and funded by the NIA, with top-line results expected in the second half of 2027. Management said baseline data have not yet been analyzed for comparison with the prior SHINE study.

Cognition Therapeutics Stock Up 8.1%

Shares of NASDAQ CGTX traded up $0.05 during mid-day trading on Friday, hitting $0.69. 282,194 shares of the company were exchanged, compared to its average volume of 605,701. The stock has a 50 day simple moving average of $0.88 and a 200-day simple moving average of $1.05. Cognition Therapeutics has a 1-year low of $0.55 and a 1-year high of $1.82. The firm has a market cap of $65.33 million, a price-to-earnings ratio of -4.58 and a beta of 1.84.

Wall Street Analyst Weigh In

CGTX has been the subject of a number of research reports. HC Wainwright reaffirmed a “buy” rating on shares of Cognition Therapeutics in a report on Monday, October 5th. Wall Street Zen lowered Cognition Therapeutics from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cognition Therapeutics in a research report on Monday, September 21st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.33.

Cognition Therapeutics Company Profile

Cognition Therapeutics, Inc is a clinical-stage biotechnology company focused on developing therapies for neurodegenerative diseases. The company’s research centers on the sigma-2 receptor, also known as the sigma-2 receptor complex or PGRMC1, a target believed to play a role in the cellular mechanisms associated with synaptic dysfunction and neurodegeneration.

Cognition Therapeutics’ lead product candidate is CT1812, an orally administered small-molecule therapy designed to modulate the sigma-2 receptor complex.