Cognition Therapeutics, Inc. (CGTX) vs VAXART, INC. (VXRT)

Cognition Therapeutics, Inc. and VAXART, INC. are both Biotechnology companies. Cognition Therapeutics, Inc. and VAXART, INC. are of similar size ($92.4M and $90.7M). Cognition Therapeutics, Inc. has negative trailing earnings, so its P/E is not meaningful; VAXART, INC. trades at 2.8×. VAXART, INC. has the higher net margin (15.9% vs 0.00%) and the higher return on invested capital (134.6% vs 0.00%). Across the 13 metrics below, VAXART, INC. leads on 12 and Cognition Therapeutics, Inc. on 1.

Valuation

Metric CGTX VXRT Biotechnology median
P/E n/m 2.81 7.88
P/S n/m 0.45 11.47
P/B 2.58 1.32 2.52
Price to free cash flow n/m 3.26 21.16
EV/EBITDA n/m 1.49 0.74
EV/Sales n/m 0.28 10.73
Earnings yield (18.09%) 35.56% (28.84%)
Free cash flow yield (20.77%) 30.65% (23.03%)

Profitability

Metric CGTX VXRT Biotechnology median
Gross margin 0.00% 100.00% 65.16%
Operating margin 0.00% 16.30% 0.00%
Net margin 0.00% 15.88% 0.00%
Free cash flow margin 0.00% 13.74% 0.00%
Return on equity (83.76%) 66.97% (57.72%)
Return on assets (57.33%) 23.44% (49.22%)
Return on invested capital 0.00% 134.59% 0.00%

Growth

Metric CGTX VXRT Biotechnology median
Revenue growth (TTM) — 201.10% 5.64%
EPS growth (last fiscal year) 62.79% 121.21% —
Revenue growth, 5-year CAGR — 125.76% 8.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CGTX VXRT Biotechnology median
Debt to equity 0.00 0.00 0.00
Current ratio 7.03 1.60 4.73
Net debt to EBITDA 0.78 (2.42) 0.96

Dividend

Metric CGTX VXRT Biotechnology median
Dividend yield — 3.63% 2.10%
Payout ratio 0.00 0.00 0.00

Size

Metric CGTX VXRT Biotechnology median
Market cap 90.68m 92.41m 162.10m

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