Co-Diagnostics Inc
NASDAQ:CODX

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Co-Diagnostics Inc Logo
Co-Diagnostics Inc
NASDAQ:CODX
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Price: 0.235 USD -2.41% Market Closed
Market Cap: 14.3m USD

Co-Diagnostics Inc
Investor Relations

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 101 full-time employees. The company went IPO on 2017-07-12. The firm is engaged in developing, manufacturing and marketing diagnostics technology. Its reagents are used for diagnostic tests that function via the detection and/or analysis of nucleic acid molecules, such as deoxyribonucleic acid and ribonucleic acid. The company also sells diagnostic equipment from other manufacturers as self-contained lab systems (MDx device). The firm uses its proprietary test design system and proprietary reagents to design and sell polymerase chain reaction diagnostic tests for diseases and pathogens starting with tests for tuberculosis, a drug resistant tuberculosis test, hepatitis B and C, Malaria, dengue, human immunodeficiency virus and Zika virus, all of which tests have been designed and validated in its laboratory. Its diagnostics systems enable molecular testing for organisms and genetic diseases by automating historically complex procedures in both the development and administration of tests.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 13, 2025
AI Summary
Q3 2025

Revenue Decline: Q3 revenue fell to $0.1 million from $0.6 million a year ago, with all current revenue from product sales rather than grants.

Cost Control: Operating expenses decreased significantly to $7.1 million from $10.6 million, reflecting ongoing efficiency efforts.

Strategic Initiatives: Company highlighted four major growth pillars: CoSara SPAC transaction, CoMira joint venture in the Middle East, expansion of its AI business, and initiation of clinical evaluations for a key respiratory test.

Financial Position: Ended the quarter with $11.4 million in cash and recently raised $10.8 million in gross proceeds from two direct offerings.

Pipeline Progress: Clinical evaluations for multiplex respiratory, tuberculosis, and HPV tests are expected to start soon, with commercial launches targeted for 2026.

International Expansion: CoSara in India and new CoMira JV in the Middle East are central to global growth and capital strategy.

Key Financials
Revenue
$0.1 million
Operating Expenses
$7.1 million
Research and Development Expenses
$4.5 million
Net Loss
$5.9 million
EPS
($0.16) per fully diluted share
Adjusted EBITDA
($6.3 million)
Cash, Cash Equivalents and Marketable Investment Securities
$11.4 million
Gross Proceeds from Direct Offerings
$10.8 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Dwight H. Egan
Chairman & CEO
No Bio Available
Mr. Brian L. Brown C.P.A.
CFO & Company Secretary
No Bio Available
Mr. Richard David Abbott
President
No Bio Available
Dr. Brent C. Satterfield Ph.D.
Co-Founder & Member of Scientific Advisory Board
No Bio Available
Mr. David Nielsen
Chief Operating Officer
No Bio Available
Mr. Dan Bohrer CPA
Vice President of Finance & Accounting
No Bio Available
Mr. Christopher Thurston
Chief Technology Officer
No Bio Available
Mr. Andrew Benson
Head of Investor Relations
No Bio Available
Dr. Mayuranki Almaula
Senior Vice President of Overseas Operations & Strategic Alliances
No Bio Available
Mr. Cameron Gundry
Head of Commercialization LATAM/EUR
No Bio Available

Contacts

Address
UTAH
Salt Lake City
4049 S Highland Dr
Contacts
+18012789769.0
codiagnostics.com