We Think Co-Diagnostics (NASDAQ:CODX) Needs To Drive Business Growth Carefully [Yahoo! Finance]
Co-Diagnostics, Inc. (CODX)
US:NASDAQ Investor Relations:
ir.codiagnostics.com/investor-relations
Company Research
Source: Yahoo! Finance
listing, if you had bought and held the shares since 1999, you would have made a fortune. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed. So should Co-Diagnostics NASDAQ:CODX ) shareholders be worried about its cash burn? In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. See our latest analysis for Co-Diagnostics How Long Is Co-Diagnostics' Cash Runway? A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. In December 2023, Co-Diagnostics had US$59m in cash, and was debt-free. Looking at the last year, the company burnt through US$23m. That means it had a cash runway of about 2.5 years as of December 2023. That's decent, giving the company a couple years
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CODX
News
- Co-Diagnostics, Inc. Announces First Quarter 2024 Earnings Release Date and WebcastPR Newswire
- Co-Diagnostics, Inc. to Host Booth and Deliver Presentation at APRC 2024 in Taiwan [Yahoo! Finance]Yahoo! Finance
- Co-Diagnostics, Inc. to Host Booth and Deliver Presentation at APRC 2024 in TaiwanPR Newswire
- Co-Diagnostics, Inc. Inaugurates New Manufacturing Facility in Utah with Ribbon Cutting Event [Yahoo! Finance]Yahoo! Finance
- Co-Diagnostics, Inc. Inaugurates New Manufacturing Facility in Utah with Ribbon Cutting EventPR Newswire
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