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Cozart
Cozart plc develops, manufactures and markets immunodiagnostic and other in-vitro tests for the detection of drugs of abuse for both on-site and laboratory-based sample analysis from biological specimens that include saliva, urine, blood, and hair.
Philips agreement is another major milestone
- Philips also exercises option to increase holding
- Fair value per share kept at 47p
Home Office contract
Perfect fit…or obvious fit
Cozart’s new financial year has started in earnest with another significant contract from the Home Office following a OJEC (Official Journal of the European Communities) competitive tendering process. This contract further strengthens the existing relationship between the two organisations and considerably enhances Cozart’s position in the oral fluid drug of abuse testing market.
Acquisition a perfect fit
- Cozart acquired Nemesis Scientific
- Specialists in workplace drug and alcohol market
- Prior experience working together will aid swift integration
Cozart passes the test
- Strong results : positive pbt and EPS
- Revenues more than 100% higher than comparable period 2005/06
- Healthy cash balance
- Good progress on joint development projects
- Fair value seen at 46p/share
Cozart; profitable and growing
- Cozart now profitable again
- Strong increase in RapiScan sales
- Transforming acquisitions increase products and reach
- Fair value 39p vs current 31.5p
