The Kingsholm club lost 52-12 but Cornwell insisted his side had worked exceptionally hard and had tries from Rob Thirlby and Luke Narraway to show for their efforts.
"We fronted up throughout," Cornwell said. "We worked very, very hard but our worry was that Wasps' strength may tell in the final 10 or 15 minutes and that is exactly what happened.
"They scored three tries in that period but there were positives from our performance. Mark Davies (stand-off) had an outstanding game - he played very, very well. Jack Adams carried ball and so did Adam Balding.
"Narraway stood up out of position in the second row so there is encouragement in certain areas."
Mark Davies is the brother of outside half Brad, who kicked the equalising penalty against Leicester on Saturday.
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