USD 1.1
↓ -0.01 (-0.9%)
| ticker | 1 day return % | 1 week return % | 1 month return % | 3 months return % | 6 months return % | 1 year return % | 3 years return % | 5 years return % | 10 years return % | maximum return % |
|---|---|---|---|---|---|---|---|---|---|---|
| CODX | -0.9 | -5.2 | -12.7 | -11.3 | -1.8 | -20.9 | -88.6 | 24.4 | -81.1 | -81.1 |
| S&P 500 | -0.6 | -0.5 | 2.3 | 7.3 | 12.1 | 32.1 | 27.0 | 90.7 | 191.4 | 33587.3 |
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| Attribute | Value |
|---|---|
| symbol | CODX |
| name | Co-Diagnostics, Inc. |
| price | 1.10 |
| changes percentage | -0.90 |
| change | -0.01 |
| day low | 1.07 |
| day high | 1.12 |
| year high | 2.23 |
| year low | 1 |
| market cap | 35122780 |
| price avg 50 | 1.24 |
| price avg 200 | 1.22 |
| exchange | NASDAQ |
| volume | 159178 |
| avg volume | 246403 |
| open | 1.11 |
| previous close | 1.11 |
| eps | -1.38 |
| pe | -0.80 |
| earnings announcement | 2025-03-13T04:00:00.000+0000 |
| shares outstanding | 31929800 |
| timestamp | 2024-11-14 21:00:02 |
We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0001692415 | |||
| revenue | 6812038 | 34218209 | -80.09 |
| gross profit | 2627089 | 28737117 | -90.86 |
| gross profit ratio | 0.39 | 0.84 | -54.08 |
| research and development expenses | 22962593 | 17438098 | 31.68 |
| operating expenses | 44102849 | 40328407 | 9.36 |
| interest income | 1161913 | 704044 | 65.03 |
| interest expense | 0 | 14882963 | -100.00 |
| ebitda | -41475760 | -10308573 | -302.34 |
| ebitdaratio | -6.09 | -0.08 | -7,669.41 |
| operating income | -42706234 | -11591290 | -268.43 |
| operating income ratio | -6.27 | -0.34 | -1,750.72 |
| net income | -35332865 | -14238249 | -148.15 |
| net income ratio | -5.19 | -0.42 | -1,146.53 |
| eps | -1.2 | -0.45 | -166.67 |
Revenue Growth: revenue increased to 7 million in 2023 from 34 million in 2022 representing a change of -80.09%. This indicates a sales growth, which is a positive sign for the company.
Research and Development (R&D) Expenses: R&D Expenses increased to 23 million in 2023 from 17 million in 2022 representing a change of 31.68%. This shows that the company continues to invest in innovation and product development, which is crucial for long-term growth.
EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to -41 million in 2023 from -10 million in 2022 representing a change of -302.34%. The increase in EBITDA indicates improved operational efficiency and profitability.
Operating Income: Operating income increased to -43 million in 2023 from -12 million in 2022 representing a change of -268.43%. The increase in operating income indicates better operational performance and increased profitability.
Net Income: Net income increased to -35 million in 2023 from -14 million in 2022 representing a change of -148.15%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.
Gross Profit: Gross Profit decreased to 3 million in 2023 from 29 million in 2022 representing a change of -90.86%. This indicates a sales profitability decline, which is a negative sign for the company.
Operating Expenses: Operating Expenses increased to 44 million in 2023 from 40 million in 2022 representing a change of 9.36%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.
Earnings per Share (EPS): EPS increased to -1.2 in 2023 from -1.2 in 2022 representing a change of -166.67%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.
| 2024Q3 | 2024Q2 | Q/Q change % | |
|---|---|---|---|
| 0001692415 | |||
| revenue | 641141 | 161102 | 297.97 |
| gross profit | 343738 | -389381 | 188.28 |
| gross profit ratio | 0.54 | -2.42 | 122.18 |
| research and development expenses | 4880315 | 5612691 | -13.05 |
| operating expenses | 10281272 | 9786319 | 5.06 |
| interest income | 263335 | 342188 | -23.04 |
| interest expense | 0 | 0 | NaN |
| ebitda | -9323031 | -7341627 | -26.99 |
| ebitdaratio | -14.54 | -61.06 | 76.19 |
| operating income | -10234937 | -10175700 | -0.58 |
| operating income ratio | -15.96 | -63.16 | 74.73 |
| net income | -9696455 | -7599318 | -27.60 |
| net income ratio | -15.12 | -47.17 | 67.94 |
| eps | -0.32 | -0.25 | -28.00 |
Revenue Growth: revenue increased to 1 million in 2024Q3 from 0 million in 2024Q2 representing a change of 297.97%. This indicates a sales growth, which is a positive sign for the company.
Gross Profit: Gross Profit increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 188.28%. This indicates a sales profitability growth, which is a positive sign for the company.
Operating Expenses: Operating Expenses decreased to 10 million in 2024Q3 from 10 million in 2024Q2 representing a change of 5.06%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.
EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to -9 million in 2024Q3 from -7 million in 2024Q2 representing a change of -26.99%. The increase in EBITDA indicates improved operational efficiency and profitability.
Operating Income: Operating income increased to -10 million in 2024Q3 from -10 million in 2024Q2 representing a change of -0.58%. The increase in operating income indicates better operational performance and increased profitability.
Net Income: Net income increased to -10 million in 2024Q3 from -8 million in 2024Q2 representing a change of -27.6%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.
Research and Development (R&D) Expenses: R&D Expenses decreased to 5 million in 2024Q3 from 6 million in 2024Q2 representing a change of -13.05%. This shows that the company decreased investment in innovation and product development, which is not a good sign for long-term growth.
Earnings per Share (EPS): EPS increased to -0.32 in 2024Q3 from -0.32 in 2024Q2 representing a change of -28.0%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0001692415 | |||
| total assets | 95320660 | 123086280 | -22.56 |
| total liabilities | 9307045 | 8566288 | 8.65 |
| total equity | 86013615 | 114519992 | -24.89 |
| cash and cash equivalents | 14916878 | 22973803 | -35.07 |
| short term investments | 43631510 | 58289066 | -25.15 |
| long term investments | 773382 | 672679 | 14.97 |
| total current assets | 62141108 | 92733670 | -32.99 |
| total non current assets | 33179552 | 30352610 | 9.31 |
| total current liabilities | 5747570 | 3873424 | 48.38 |
| total non current liabilities | 3559475 | 4692864 | -24.15 |
| common stock | 36108 | 34754 | 3.90 |
| retained earnings | 4598166 | 39931030 | -88.48 |
| total debt | 2990567 | 347917 | 759.56 |
Total Assets: Total Assets decreased to 95 million in 2023 from 123 million in 2022 representing a change of -22.56%. Suggesting a decrease in asset holdings.
Total Liabilities: Total Liabilities increased to 9 million in 2023 from 9 million in 2022 representing a change of 8.65%. This indicates an increase in overall liabilities.
Total Equity: Total Equity decreased to 86 million in 2023 from 115 million in 2022 representing a change of -24.89%. This indicates a decrease in shareholders' equity.
Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 15 million in 2023 from 23 million in 2022 representing a change of -35.07%. This indicates a decrease in available liquid assets.
Short Term Investments: Short Term Investments decreased to 44 million in 2023 from 58 million in 2022 representing a change of -25.15%. This indicates a decrease in short-term investment holdings.
Total Current Assets: Total Current Assets decreased to 62 million in 2023 from 93 million in 2022 representing a change of -32.99%. This indicates a worsen liquidity position.
Total Current Liabilities: Total Current Liabilities increased to 6 million in 2023 from 4 million in 2022 representing a change of 48.38%. This indicates a higher short-term debt burden.
Retained Earnings: Retained Earnings decreased to 5 million in 2023 from 40 million in 2022 representing a change of -88.48%. This indicates an accumulated losses.
Total Debt: Total Debt increased to 3 million in 2023 from 0 million in 2022 representing a change of 759.56%. This indicates an increase in overall debt burden.
Common Stock: Common Stock increased to 0 in 2023 from 0 in 2022 representing a change of 3.9%. This indicates an increase in ownership interest.
| 2024Q3 | 2024Q2 | Q/Q change % | |
|---|---|---|---|
| 0001692415 | |||
| total assets | 72381171 | 80701468 | -10.31 |
| total liabilities | 8597231 | 8303813 | 3.53 |
| total equity | 63783940 | 72397654 | -11.90 |
| cash and cash equivalents | 10797630 | 13858866 | -22.09 |
| short term investments | 26864571 | 31020811 | -13.40 |
| long term investments | 0 | 627924 | -100.00 |
| total current assets | 40103158 | 48219239 | -16.83 |
| total non current assets | 32278013 | 32482229 | -0.63 |
| total current liabilities | 5797977 | 5305385 | 9.28 |
| total non current liabilities | 2799254 | 2998428 | -6.64 |
| common stock | 36778 | 36760 | 0.05 |
| retained earnings | -22009650 | -12313195 | -78.75 |
| total debt | 2368845 | 2581891 | -8.25 |
Total Assets: Total Assets decreased to 72 million in 2024Q3 from 81 million in 2024Q2 representing a change of -10.31%. Suggesting a decrease in asset holdings.
Total Liabilities: Total Liabilities increased to 9 million in 2024Q3 from 8 million in 2024Q2 representing a change of 3.53%. This indicates an increase in overall liabilities.
Total Equity: Total Equity decreased to 64 million in 2024Q3 from 72 million in 2024Q2 representing a change of -11.9%. This indicates a decrease in shareholders' equity.
Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 11 million in 2024Q3 from 14 million in 2024Q2 representing a change of -22.09%. This indicates a decrease in available liquid assets.
Short Term Investments: Short Term Investments decreased to 27 million in 2024Q3 from 31 million in 2024Q2 representing a change of -13.4%. This indicates a decrease in short-term investment holdings.
Total Current Assets: Total Current Assets decreased to 40 million in 2024Q3 from 48 million in 2024Q2 representing a change of -16.83%. This indicates a worsen liquidity position.
Total Current Liabilities: Total Current Liabilities increased to 6 million in 2024Q3 from 5 million in 2024Q2 representing a change of 9.28%. This indicates a higher short-term debt burden.
Retained Earnings: Retained Earnings decreased to -22 million in 2024Q3 from -12 million in 2024Q2 representing a change of -78.75%. This indicates an accumulated losses.
Common Stock: Common Stock increased to 0 in 2024Q3 from 0 in 2024Q2 representing a change of 0.05%. This indicates an increase in ownership interest.
Total Debt: Total Debt decreased to 2 million in 2024Q3 from 3 million in 2024Q2 representing a change of -8.25%. This indicates a reduction in overall debt burden.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0001692415 | |||
| net change in cash | -8056925 | -65633431 | 87.72 |
| operating cash flow | -22081865 | 6568737 | -436.17 |
| free cash flow | -23447171 | 5141225 | -556.06 |
| capital expenditure | -1365306 | -1427512 | 4.36 |
| depreciation and amortization | 1230474 | 1282718 | -4.07 |
| deferred income tax | -2417987 | -4810457 | 49.73 |
| stock based compensation | 8336855 | 7543223 | 10.52 |
| accounts payables | 1768326 | -2483821 | 171.19 |
| inventory | 413140 | -3525210 | 111.72 |
| acquisitions net | 0 | 1593 | -100.00 |
| investments in property plant and equipment | -1365306 | -1427512 | 4.36 |
| net cash used for investing activites | 15388869 | -58168172 | 126.46 |
| debt repayment | 0 | 0 | NaN |
| common stock issued | 0 | 0 | NaN |
| common stock repurchased | -1363929 | -14211866 | 90.40 |
| dividends paid | 0 | 0 | NaN |
| net cash used provided by financing activities | -1363929 | -14033996 | 90.28 |
| cash at end of period | 14916878 | 22973803 | -35.07 |
| accounts receivables | 2536988 | 14956529 | -83.04 |
| cash at beginning of period | 22973803 | 88607234 | -74.07 |
Net Change in Cash: Net Change in Cash increased to -8 million in 2023 from -66 million in 2022 representing a change of 87.72%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.
Accounts Payables: The absolute value of Accounts Payables decreased to 2 million in 2023 from 2 million in 2022 representing a change of 171.19%. This indicates that the company has reduced its outstanding obligations to its suppliers.
Accounts Receivables: Accounts Receivables decreased to 3 million in 2023 from 15 million in 2022 representing a change of -83.04%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.
Operating Cash Flow: Operating Cash Flow decreased to -22 million in 2023 from 7 million in 2022 representing a change of -436.17%. This indicates that the company generated less cash from its core business operations.
Free Cash Flow: Free Cash Flow decreased to -23 million in 2023 from 5 million in 2022 representing a change of -556.06%. This indicates a decrease in cash generated after accounting for capital expenditures.
Capital Expenditure: Capital Expenditure increased to -1 million in 2023 from -1 million in 2022 representing a change of 4.36%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.
Deferred Income Tax: Deferred Income Tax increased to -2 million in 2023 from -5 million in 2022 representing a change of 49.73%. This indicates that the company's tax liability for future periods has increased.
Stock-Based Compensation: Stock-Based Compensation increased to 8 million in 2023 from 8 million in 2022 representing a change of 10.52%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.
| 2024Q3 | 2024Q2 | Q/Q change % | |
|---|---|---|---|
| 0001692415 | |||
| operating cash flow | -7229507 | -5204198 | -38.92 |
| free cash flow | -7403950 | -5302827 | -39.62 |
| capital expenditure | -174443 | -98629 | -76.87 |
| depreciation and amortization | 351235 | 338335 | 3.81 |
| deferred income tax | 0 | 0 | NaN |
| stock based compensation | 1045583 | 1499658 | -30.28 |
| accounts receivables | 324055 | -90350 | 458.67 |
| accounts payables | 607238 | -16046 | 3,884.36 |
| inventory | 48620 | 50124 | -3.00 |
| acquisitions net | 0 | 0 | NaN |
| investments in property plant and equipment | -174443 | -98629 | -76.87 |
| net cash used for investing activites | 4168272 | -4036187 | 203.27 |
| debt repayment | 0 | 0 | NaN |
| common stock issued | 0 | 0 | NaN |
| common stock repurchased | 0 | 0 | NaN |
| dividends paid | 0 | 0 | NaN |
| net cash used provided by financing activities | 0 | 0 | NaN |
| net change in cash | -3061236 | -9240385 | 66.87 |
| cash at end of period | 10797630 | 13858866 | -22.09 |
| cash at beginning of period | 13858866 | 23099251 | -40.00 |
Net Change in Cash: Net Change in Cash increased to -3 million in 2024Q3 from -9 million in 2024Q2 representing a change of 66.87%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.
Capital Expenditure: Capital Expenditure decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -76.87%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.
Stock-Based Compensation: Stock-Based Compensation decreased to 1 million in 2024Q3 from 1 million in 2024Q2 representing a change of -30.28%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.
Operating Cash Flow: Operating Cash Flow decreased to -7 million in 2024Q3 from -5 million in 2024Q2 representing a change of -38.92%. This indicates that the company generated less cash from its core business operations.
Free Cash Flow: Free Cash Flow decreased to -7 million in 2024Q3 from -5 million in 2024Q2 representing a change of -39.62%. This indicates a decrease in cash generated after accounting for capital expenditures.
Accounts Payables: The absolute value of Accounts Payables increased to 1 million in 2024Q3 from 0 million in 2024Q2 representing a change of 3884.36%. This indicates that the company has increased its outstanding obligations to its suppliers.
Accounts Receivables: Accounts Receivables increased to 0 in 2024Q3 from 0 million in 2024Q2 representing a change of 458.67%. This suggests that the company is less capable of collecting payments from its customers.
We save you time by utilizing Generative AI to summarize earnings transcripts. Our summaries provide a clear insight into the company's current performance, future outlook, and overall sentiment expressed during the call. Click on below links to explore more.
Note: The years mentioned below are fiscal years in accounting.
Q3 2024 Earnings call transcript
EPS represents the portion of a company's profit allocated to each outstanding share of common stock. A higher EPS is generally favorable, indicating stronger profitability on a per-share basis.
Positive EPS: A positive EPS signifies that a company is profitable, it is generally viewed positively, supporting stock value and investor confidence.
Negative EPS: Indicates that a company is operating at a loss, which could lead to negative sentiment, potential stock depreciation, and concerns about the company's financial health.
The Next Earning Date represents when the company plans to release its next set of financial results.
An upward trend in EPS suggests consistent growth in earnings, often leading to increased investor confidence. A downward trend may indicate a decline in earnings, potentially decreasing investor confidence and stock value. Fluctuating EPS suggests unpredictable financial performance, warranting cautious investor analysis.
Earnings surprise occurs when a company's actual earnings differ from analysts' expectations. A positive earnings surprise typically reflects better-than-expected performance, potentially leading to stock appreciation. Conversely, a negative earnings surprise can result in stock depreciation. An earnings surprise of zero means the earnings met expectations, which typically has a neutral impact on stock price.
Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.
| 2023-12-31 | 2022-12-31 | Y/Y change % | |
|---|---|---|---|
| FY | |||
| calendar year | 2023 | 2022 | NaN |
| revenue per share | 0.23 | 1.09 | -78.65 |
| net income per share | -1.2 | -0.45 | -166.19 |
| operating cash flow per share | -0.75 | 0.21 | -460.59 |
| free cash flow per share | -0.8 | 0.16 | -589.20 |
| cash per share | 2.0 | 2.58 | -22.72 |
| book value per share | 2.93 | 3.64 | -19.43 |
| tangible book value per share | 2.03 | 2.79 | -27.13 |
| shareholders equity per share | 2.93 | 3.64 | -19.43 |
| interest debt per share | 0.03 | 0.48 | -94.08 |
| market cap | 39030976.67 | 79327150.56 | -50.80 |
| enterprise value | 27104665.67 | 56701264.56 | -52.20 |
| pe ratio | -1.1 | -5.57 | 80.17 |
| price to sales ratio | 5.73 | 2.32 | 147.15 |
| pocfratio | -1.77 | 12.08 | -114.64 |
| pfcf ratio | -1.66 | 15.43 | -110.79 |
| pb ratio | 0.45 | 0.69 | -34.49 |
| ptb ratio | 0.45 | 0.69 | -34.49 |
| ev to sales | 3.98 | 1.66 | 140.12 |
| enterprise value over ebitda | -0.65 | -5.5 | 88.12 |
| ev to operating cash flow | -1.23 | 8.63 | -114.22 |
| ev to free cash flow | -1.16 | 11.03 | -110.48 |
| earnings yield | -0.91 | -0.18 | -404.35 |
| free cash flow yield | -0.6 | 0.06 | -1,026.91 |
| debt to equity | 0.01 | 0.0 | 275.58 |
| debt to assets | 0.01 | 0.0 | 264.25 |
| net debt to ebitda | 0.29 | 2.19 | -86.90 |
| current ratio | 10.81 | 23.94 | -54.84 |
| interest coverage | 0 | -0.78 | 100.00 |
| income quality | 0.62 | -0.46 | 235.47 |
| dividend yield | 0 | 0 | NaN |
| payout ratio | 0 | 0 | NaN |
| sales general and administrative to revenue | 2.1 | 0.42 | 402.90 |
| research and ddevelopement to revenue | 3.37 | 0.51 | 561.46 |
| intangibles to total assets | 0.28 | 0.22 | 27.37 |
| capex to operating cash flow | -0.06 | 0.22 | -128.45 |
| capex to revenue | 0.2 | 0.04 | 380.43 |
| capex to depreciation | 1.11 | 1.11 | -0.30 |
| stock based compensation to revenue | 1.22 | 0.22 | 455.17 |
| graham number | 8.91 | 6.08 | 46.44 |
| roic | -0.46 | -0.08 | -497.74 |
| return on tangible assets | -0.51 | -0.15 | -246.82 |
| graham net net | 1.71 | 2.52 | -32.02 |
| working capital | 56393538 | 88860246 | -36.54 |
| tangible asset value | 59609948 | 87751659 | -32.07 |
| net current asset value | 52834063 | 84167382 | -37.23 |
| invested capital | 88799708 | 118540177 | -25.09 |
| average receivables | 2865011.5 | 13156662 | -78.22 |
| average payables | 1217202.5 | 779901 | 56.07 |
| average inventory | 3487599 | 3657321 | -4.64 |
| days sales outstanding | 17.73 | 57.59 | -69.22 |
| days payables outstanding | 129.27 | 63.42 | 103.84 |
| days of inventory on hand | 145.19 | 353.64 | -58.94 |
| receivables turnover | 20.59 | 6.34 | 224.84 |
| payables turnover | 2.82 | 5.76 | -50.94 |
| inventory turnover | 2.51 | 1.03 | 143.56 |
| roe | -0.41 | -0.12 | -230.40 |
| capex per share | 0.05 | 0.05 | 2.59 |
ROE: Return on Equity (ROE) decreased to -0.41 on 2023-12-31 from -0.12 on 2022-12-31, representing a change of -230.40%. Suggesting that the company has not been generating high returns for its shareholders.
Current Ratio: Current Ratio decreased to 10.81 on 2023-12-31 from 23.94 on 2022-12-31, representing a change of -54.84%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.
PE Ratio: Price-to-Earnings (P/E) Ratio increased to -1.10 on 2023-12-31 from -5.57 on 2022-12-31, representing a change of 80.17%. Indicating an increase in the relative valuation of the company's stock.
Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to 0.01 on 2023-12-31 from 0.00 on 2022-12-31, representing a change of 275.58%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. Higher leverage may increase financial risk. However, a ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.
| 2024-09-30 Q3 | 2024-06-30 Q2 | Q/Q change % | |
|---|---|---|---|
| CODX | |||
| calendar year | 2024 | 2024 | NaN |
| revenue per share | 0.02 | 0.01 | 293.15 |
| net income per share | -0.32 | -0.25 | -26.05 |
| operating cash flow per share | -0.24 | -0.17 | -37.23 |
| free cash flow per share | -0.24 | -0.18 | -37.93 |
| cash per share | 1.24 | 1.49 | -17.10 |
| book value per share | 2.09 | 2.4 | -12.97 |
| tangible book value per share | 1.23 | 1.53 | -19.49 |
| shareholders equity per share | 2.09 | 2.4 | -12.97 |
| interest debt per share | 0.08 | 0.03 | 166.48 |
| market cap | 38117757.5 | 37957116.96 | 0.42 |
| enterprise value | 29688972.5 | 26680141.96 | 11.28 |
| pe ratio | -0.98 | -1.25 | 21.30 |
| price to sales ratio | 59.45 | 235.61 | -74.77 |
| pocfratio | -5.27 | -7.29 | 27.71 |
| pfcf ratio | -5.15 | -7.16 | 28.08 |
| pb ratio | 0.6 | 0.52 | 13.98 |
| ptb ratio | 0.6 | 0.52 | 13.98 |
| ev to sales | 46.31 | 165.61 | -72.04 |
| enterprise value over ebitda | -3.18 | -3.63 | 12.37 |
| ev to operating cash flow | -4.11 | -5.13 | 19.90 |
| ev to free cash flow | -4.01 | -5.03 | 20.30 |
| earnings yield | -0.25 | -0.2 | -27.06 |
| free cash flow yield | -0.19 | -0.14 | -39.03 |
| debt to equity | 0.04 | 0.01 | 206.17 |
| debt to assets | 0.03 | 0.01 | 200.75 |
| net debt to ebitda | 0.9 | 1.54 | -41.14 |
| current ratio | 6.92 | 9.09 | -23.90 |
| interest coverage | 0 | 0 | NaN |
| income quality | 0.75 | 0.68 | 8.87 |
| dividend yield | 0 | 0 | NaN |
| payout ratio | 0 | 0 | NaN |
| sales general and administrative to revenue | 6.69 | 19.44 | -65.61 |
| research and ddevelopement to revenue | 7.61 | 34.84 | -78.15 |
| intangibles to total assets | 0.36 | 0.33 | 11.17 |
| capex to operating cash flow | -0.02 | -0.02 | -27.32 |
| capex to revenue | 0.27 | 0.61 | -55.56 |
| capex to depreciation | 0.5 | 0.29 | 70.37 |
| stock based compensation to revenue | 1.63 | 9.31 | -82.48 |
| graham number | 3.87 | 3.69 | 4.74 |
| roic | -0.16 | -0.14 | -11.37 |
| return on tangible assets | -0.21 | -0.14 | -50.36 |
| graham net net | 0.98 | 1.25 | -21.87 |
| working capital | 34305181 | 42913854 | -20.06 |
| tangible asset value | 37607273 | 46145322 | -18.50 |
| net current asset value | 31505927 | 39915426 | -21.07 |
| invested capital | 65798837 | 74768159 | -12.00 |
| average receivables | 364873.5 | 493186 | -26.02 |
| average payables | 2019962.5 | 1945553 | 3.82 |
| average inventory | 1364988 | 1506886 | -9.42 |
| days sales outstanding | 25.02 | 308.1 | -91.88 |
| days payables outstanding | 658.63 | 304.67 | 116.18 |
| days of inventory on hand | 383.12 | 239.35 | 60.07 |
| receivables turnover | 3.6 | 0.29 | 1,131.37 |
| payables turnover | 0.14 | 0.3 | -53.74 |
| inventory turnover | 0.23 | 0.38 | -37.53 |
| roe | -0.15 | -0.1 | -44.83 |
| capex per share | 0.01 | 0.0 | 74.72 |
ROE: Return on Equity (ROE) decreased to -0.15 on 2024-09-30 Q3 from -0.10 on 2024-06-30 Q2, representing a change of -44.83%. Suggesting that the company has not been generating high returns for its shareholders.
Current Ratio: Current Ratio decreased to 6.92 on 2024-09-30 Q3 from 9.09 on 2024-06-30 Q2, representing a change of -23.90%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.
PE Ratio: Price-to-Earnings (P/E) Ratio increased to -0.98 on 2024-09-30 Q3 from -1.25 on 2024-06-30 Q2, representing a change of 21.30%. Indicating an increase in the relative valuation of the company's stock.
Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to 0.04 on 2024-09-30 Q3 from 0.01 on 2024-06-30 Q2, representing a change of 206.17%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. Higher leverage may increase financial risk. However, a ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.
None
| Market Capitalization | Enterprise Value | |
|---|---|---|
| Definition | The total market value of a company's outstanding shares | The total market value of a company, including its debt and other liabilities |
| Calculation | Current share price * Total number of outstanding shares | Market capitalization + Total debt - Cash and cash equivalents |
| Focus | Equity component of a company's value | Total economic value of a company |
| Usefulness | Assesses a company's size and growth potential based on investor sentiment | Provides a more comprehensive valuation that considers both equity and debt |
Analyzing dividends is a crucial aspect of investment evaluation, offering valuable insights into a company's financial health and its commitment to shareholder returns. Dividends represent a portion of a company's profits distributed to its shareholders, providing a steady income stream. We help you analyze dividends based on the indicators mentioned below:
• Investors often assess the average dividend amount, observing trends over time to gauge the company's stability and growth potential. A positive trend in average dividends indicates a consistent and potentially lucrative investment. Additionally, evaluating the trend of dividend increases provides insight into the company's financial strength and management's confidence in future earnings.
• Consistency in paying dividends is a reassuring sign, reflecting a company's reliability and commitment to shareholder value. For investors, dividends not only offer income but also contribute to the overall total return on investment.
• Companies with a history of regular and increasing dividends can attract income-focused investors seeking stable returns, making dividends a critical factor in building a well-rounded investment portfolio.
Interested in the overall sentiment for a particular period? Check out our news sentiment analysis tool.
Sentiment: Neutral
Publish Date: 2024-11-07 20:49:07
Co-Diagnostics, Inc. (NASDAQ:CODX ) Q3 2024 Results Conference Call November 7, 2024 4:30 PM ET Company Participants Andrew Benson - Head of Investor Relations. Dwight Egan - CEO Brian Brown - CFO Conference Call Participants Jade Montgomery - H.C.
Sentiment: Negative
Publish Date: 2024-11-07 18:30:45
Co-Diagnostics, Inc. (CODX) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.33. This compares to loss of $0.20 per share a year ago.
Sentiment: Positive
Publish Date: 2024-11-07 16:01:00
SALT LAKE CITY , Nov. 7, 2024 /PRNewswire/ -- Co-Diagnostics, Inc. (NASDAQ: CODX), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, today announced financial results for the quarter ended September 30, 2024. Third Quarter 2024 Financial Results: Revenue of $0.6 million, which declined from $2.5 million during the prior year primarily due to timing of grant revenue recognition.
Sentiment: Positive
Publish Date: 2024-11-05 09:30:00
SALT LAKE CITY , Nov. 5, 2024 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq-CM: CODX) (the "Company" or "Co-Dx"), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, announced today that it will be hosting a booth and delivering a presentation at the MEDICA 2024 trade fair in Düsseldorf, Germany on November 11-14. MEDICA has become the largest medical B2B trade fair in the world, attracting 83,000 visitors and over 5,300 exhibitors from almost 70 countries.
Sentiment: Neutral
Publish Date: 2024-10-25 16:01:00
SALT LAKE CITY , Oct. 25, 2024 /PRNewswire/ -- Co-Diagnostics, Inc. (NASDAQ: CODX), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, announced today it will release its third quarter 2024 results on Thursday, November 7, 2024, after the market close. The Company will also host a conference call and webcast on the same day at 4:30 p.m.
Sentiment: Neutral
Publish Date: 2024-10-21 09:30:00
SALT LAKE CITY , Oct. 21, 2024 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq-CM: CODX) (the "Company" or "Co-Dx"), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, announced today that Co-Diagnostics will be hosting a booth at Africa Health/Medlab Africa in Cape Town, South Africa on October 22-24, 2024. The conference website describes it as the largest gathering of healthcare companies, technology, products and services in the sub-Saharan region, catering to an audience of distributors, government representatives, laboratory executives, and purchasing/procurement managers from the South African Development Community region and around the world, who attend to meet with world-class suppliers and manufacturers.
Sentiment: Positive
Publish Date: 2024-10-02 09:30:00
SALT LAKE CITY , Oct. 2, 2024 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq-CM: CODX) (the "Company" or "Co-Dx"), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, announced today that Co-Diagnostics will be hosting a booth at the Utah Health Care Association/Utah Center for Assisted Living (UHCA/UCAL) Convention & Expo at the Mountain America Expo Center in Sandy, Utah on October 2-3, 2024. The UHCA/UCAL Convention includes sessions and events for executive leadership, administrators, corporate personnel, owners, and Directors of Nursing for skilled nursing, assisted living and intermediate care facilities, and will include an expo for companies to exhibit their products and services relevant to these industries.
Sentiment: Positive
Publish Date: 2024-09-24 09:30:00
SALT LAKE CITY , Sept. 24, 2024 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq-CM: CODX) (the "Company"), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, today announced Company representatives will be accompanying Utah Governor Cox and the Governor's Office of Economic Opportunity, as part of the latest World Trade Center (WTC) Utah trade mission to South Korea and Japan from September 24-October 5.
Sentiment: Neutral
Publish Date: 2024-09-05 09:30:00
SALT LAKE CITY , Sept. 5, 2024 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq-CM: CODX) (the "Company"), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, announced today that the Company has performed an in silico analysis of the Co-Dx™ Logix Smart® Mpox (2-Gene) RUO test to evaluate the possible impact of clade Ib mpox on the test.
* The sentiment analysis presented is generated through an algorithm and may be subject to inaccuracies. Users are advised to corroborate key information and employ further analytical methods prior to making critical decisions.
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| Indicator | Bullish | Bearish |
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