Co-Diagnostics, Inc. Reports Full Year 2023 Financial Results [Yahoo! Finance]
Co-Diagnostics, Inc. (CODX)
US:NASDAQ Investor Relations:
ir.codiagnostics.com/investor-relations
Company Research
Source: Yahoo! Finance
for the development of molecular diagnostic tests, today announced financial results for the full year ended December 31, 2023 Full Year 2023 Financial Results: Revenue of $6.8 million , down from $34.2 million during the prior year primarily due to the decline in global demand for the Logix Smart® COVID-19 tests. Grant revenue totaled $5.8 million while product revenue totaled $1.0 million Operating expenses of $45.3 million decreased by 18.6% from the prior year due to goodwill impairment charges in the prior year, offset by an increase in research and development costs incurred for the development of our Co-Dx™ PCR platform in the current year Operating loss of $42.7 million compared to operating loss of $27.0 million in 2022 Net loss of $35.3 million , compared to net loss of $14.2 million in the prior year, representing a loss of per fully diluted share, compared to a loss of per fully diluted share in the prior year Adjusted EBITDA loss of $33.0 million Repurchased
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CODX
Earnings
- 11/9/23 - Beat
CODX
Sec Filings
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- CODX's page on the SEC website