Financial Snapshot

Revenue
$7.321M
TTM
Gross Margin
53.01%
TTM
Net Earnings
-$41.28M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
691.68%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$63.78M
Q3 2024
Cash
Q3 2024
P/E
-0.8585
Nov 13, 2024 EST
Free Cash Flow
-$26.84M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue $6.812M $34.22M $97.89M $74.55M $210.0K $40.00K $10.00K $0.00 $10.00K $0.00
YoY Change -80.09% -65.04% 31.3% 35400.0% 425.0% 300.0% -100.0%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue $6.812M $34.22M $97.89M $74.55M $210.0K $40.00K $10.00K $0.00 $10.00K $0.00
Cost Of Revenue $4.185M $5.481M $11.57M $16.59M $110.0K $10.00K $0.00 $0.00 $0.00 $0.00
Gross Profit $2.627M $28.74M $86.31M $57.96M $100.0K $30.00K $10.00K $0.00 $10.00K $0.00
Gross Profit Margin 38.57% 83.98% 88.18% 77.75% 47.62% 75.0% 100.0% 100.0%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Selling, General & Admin $21.14M $21.61M $24.80M $12.94M $4.560M $4.740M $3.520M $920.0K $1.130M $710.0K
YoY Change -2.16% -12.86% 91.63% 183.77% -3.8% 34.66% 282.61% -18.58% 59.15%
% of Gross Profit 804.7% 75.19% 28.73% 22.33% 4560.0% 15800.0% 35200.0% 11300.0%
Research & Development $22.96M $17.44M $14.96M $3.190M $1.370M $1.360M $1.000M $730.0K $810.0K $310.0K
YoY Change 31.68% 16.55% 369.03% 132.85% 0.74% 36.0% 36.99% -9.88% 161.29%
% of Gross Profit 874.07% 60.68% 17.33% 5.5% 1370.0% 4533.33% 10000.0% 8100.0%
Depreciation & Amortization $1.230M $1.283M $335.4K $140.0K $70.00K $50.00K $50.00K $40.00K $40.00K $10.00K
YoY Change -4.07% 282.49% 139.54% 100.0% 40.0% 0.0% 25.0% 0.0% 300.0%
% of Gross Profit 46.84% 4.46% 0.39% 0.24% 70.0% 166.67% 500.0% 400.0%
Operating Expenses $45.33M $55.72M $40.09M $16.27M $6.000M $6.150M $4.570M $1.690M $1.980M $1.030M
YoY Change -18.64% 38.96% 146.43% 171.17% -2.44% 34.57% 170.41% -14.65% 92.23%
Operating Profit -$42.71M -$26.98M $46.22M $41.69M -$5.900M -$6.120M -$4.560M -$1.690M -$1.970M -$1.030M
YoY Change 58.29% -158.38% 10.86% -806.61% -3.59% 34.21% 169.82% -14.21% 91.26%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Interest Expense $3.506M $371.1K -$384.8K $880.0K -$300.0K -$150.0K -$320.0K -$240.0K -$80.00K -$10.00K
YoY Change 844.72% -196.43% -143.73% -393.33% 100.0% -53.13% 33.33% 200.0% 700.0%
% of Operating Profit -0.83% 2.11%
Other Income/Expense, Net $4.596M $8.133M -$429.2K
YoY Change -43.49% -1995.02%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Pretax Income -$38.11M -$18.85M $45.64M $42.57M -$6.200M -$6.270M -$6.960M -$1.930M -$2.040M -$1.050M
YoY Change 102.21% -141.3% 7.2% -786.61% -1.12% -9.91% 260.62% -5.39% 94.29%
Income Tax -$2.778M -$4.609M $8.977M $90.00K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 19.67% 0.21%
Net Earnings -$35.33M -$14.24M $36.66M $42.48M -$6.200M -$6.270M -$6.960M -$1.930M -$2.040M -$1.050M
YoY Change 148.15% -138.84% -13.7% -785.16% -1.12% -9.91% 260.62% -5.39% 94.29%
Net Earnings / Revenue -518.68% -41.61% 37.45% 56.98% -2952.38% -15675.0% -69600.0% -20400.0%
Basic Earnings Per Share -$1.20 -$0.45 $1.27
Diluted Earnings Per Share -$1.20 -$0.45 $1.226M $1.517M -$369.9K -$502.4K -$635.0K -$195.3K -$217.9K -$133.6K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Cash & Short-Term Investments $58.55M $81.26M $89.86M $47.31M $890.0K $950.0K $3.530M $1.000M $30.00K $210.0K
YoY Change -27.95% -9.57% 89.94% 5215.73% -6.32% -73.09% 253.0% 3233.33% -85.71%
Cash & Equivalents
Short-Term Investments $43.63M $58.29M $1.255M $4.340M
Other Short-Term Assets $1.597M $761.2K $2.413M $920.0K $360.0K $70.00K $910.0K $210.0K $120.0K $10.00K
YoY Change 109.82% -68.46% 162.33% 155.56% 414.29% -92.31% 333.33% 75.0% 1100.0%
Inventory $1.665M $5.310M $2.004M $8.000M $200.0K $20.00K $10.00K
Prepaid Expenses
Receivables $303.9K $3.454M $20.84M $12.14M $130.0K $10.00K
Other Receivables $26.95K $1.945M $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $62.14M $92.73M $115.1M $68.36M $1.580M $1.050M $4.450M $1.210M $150.0K $220.0K
YoY Change -32.99% -19.45% 68.4% 4226.58% 50.48% -76.4% 267.77% 706.67% -31.82%
Property, Plant & Equipment $6.003M $2.912M $1.933M $950.0K $200.0K $160.0K $170.0K $90.00K $110.0K $40.00K
YoY Change 106.16% 50.61% 103.5% 375.0% 25.0% -5.88% 88.89% -18.18% 175.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $773.4K $672.7K $1.005M $1.930M $430.0K $350.0K $40.00K
YoY Change 14.97% -33.06% -47.93% 348.84% 22.86% 775.0%
Other Assets $500.0K $110.0K
YoY Change
Total Long-Term Assets $33.18M $30.35M $44.91M $2.880M $640.0K $500.0K $210.0K $90.00K $220.0K $40.00K
YoY Change 9.31% -32.42% 1459.55% 350.0% 28.0% 138.1% 133.33% -59.09% 450.0%
Total Assets $95.32M $123.1M $160.0M $71.24M $2.220M $1.550M $4.660M $1.300M $370.0K $260.0K
YoY Change
Accounts Payable $1.482M $952.3K $607.5K $600.0K $10.00K $150.0K $40.00K $100.0K $110.0K $110.0K
YoY Change 55.63% 56.75% 1.25% 5900.0% -93.33% 275.0% -60.0% -9.09% 0.0%
Accrued Expenses $3.011M $1.232M $3.860M $3.610M $320.0K $290.0K $220.0K $790.0K $390.0K $10.00K
YoY Change 144.5% -68.09% 6.92% 1028.13% 10.34% 31.82% -72.15% 102.56% 3800.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.910M $2.950M $490.0K
YoY Change 502.04%
Total Short-Term Liabilities $5.748M $3.873M $12.60M $4.510M $330.0K $2.350M $270.0K $3.850M $990.0K $120.0K
YoY Change 48.38% -69.25% 179.32% 1266.67% -85.96% 770.37% -92.99% 288.89% 725.0%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $450.0K $520.0K $0.00
YoY Change -100.0% -13.46%
Other Long-Term Liabilities $3.559M $2.275M $5.733M $30.00K $150.0K $260.0K $540.0K
YoY Change 56.47% -60.32% 19010.63% -80.0% -42.31% -51.85%
Total Long-Term Liabilities $3.559M $2.275M $5.733M $30.00K $150.0K $260.0K $540.0K $450.0K $520.0K $0.00
YoY Change 56.47% -60.32% 19010.63% -80.0% -42.31% -51.85% 20.0% -13.46%
Total Liabilities $9.307M $8.566M $25.56M $4.540M $480.0K $2.610M $810.0K $4.290M $1.520M $120.0K
YoY Change 8.65% -66.48% 462.98% 845.83% -81.61% 222.22% -81.12% 182.24% 1166.67%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Basic Shares Outstanding 29.35M shares 31.48M shares 28.87M shares
Diluted Shares Outstanding 29.35M shares 31.48M shares 29.90M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $35.442 Million

About Co-Diagnostics Inc

Co-Diagnostics, Inc. engages in the development and innovation of molecular tools for detection of infectious diseases, liquid biopsy for cancer screening, and agricultural applications. The company is headquartered in Salt Lake City, Utah and currently employs 155 full-time employees. The company went IPO on 2017-07-12. The Company’s technologies are utilized for tests that are designed using the detection and/or analysis of nucleic acid molecules (DNA or RNA). The firm also uses its proprietary technology to design specific tests for its Co-Dx PCR platform and to locate genetic markers for use in applications other than infectious disease. Its diagnostics systems enable dependable, low-cost, molecular testing for organisms and genetic diseases by automating or simplifying historically complex procedures in both the development and administration of tests. The company is developing a portable diagnostic device and test system designed for point-of-care and at-home use. The system consists of its PCR instrument that it refers to as the Co-Dx PCR Pro instrument, its proprietary diagnostic test cup system and a mobile application to be installed on the user’s mobile device.

Industry: Surgical & Medical Instruments & Apparatus Peers: Abbott Laboratories /entities/trxdw DarioHealth Corp Electromed Inc Fonar Corp Owlet Inc KORU Medical Systems Inc Stereotaxis, Inc.