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CODX $1.40 -6.04%
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CODX · Co-Diagnostics, Inc.

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$1.40 -0.09 (-6.04%) At close · Aug 14
Market Cap
$8.75M
Shares
6.25M
All earnings calls

Earnings call · FY2024 Q3

Co-Diagnostics, Inc. Q3 FY2024 Earnings Call

Co-Diagnostics, Inc. Q3 FY2024 Earnings Call

Concluded Nov 7, 2024
Nov 7, 2024 11 turns
Period
FY2024 Q3
Runtime
Sources
3 artifacts

Executive readout · one minute

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International expansion and regulatory submissions 31 Tuberculosis (TB) test development 22 FDA 510(k) review for Co-Dx PCR Pro OTC 21 CoSara Diagnostics joint venture / India manufacturing 20 Upper respiratory multiplex test 9 HPV multiplex test 7

Management tone

Positive

Net tone +35 · moderate hedging

Grounding quotes
  • “we are pleased with the progress we have made”
  • “the company can't predict the remaining review process timeline or outcomes”
  • “We continue to manage our spend as we look to maintain a healthy balance sheet to position ourselves for long-term growth”
  • “We are very excited about our continued progress and remain optimistic about 2025 and the future developments within our test pipeline”

Research coverage

3 live sources

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Revenue $641,141 -73.9% YoY
Diluted EPS -$9.60
Gross margin 53.6% -36.0 pp YoY
Net income -$9.70M

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Quarter detail

How the reported period landed and where the business moved.

Revenue · products & services

Grant Revenue$434,265 -81.3% YoY
Product Revenue$206,876 +51.5% YoY
Full-screen source Call document