Co-Diagnostics Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-10

Co-Diagnostics (NASDAQ:CODX) Third Quarter 2024 Results Key Financial Results Net loss: US$9.70m (loss widened by 62% from 3Q 2023). US$0.32 loss per share (further deteriorated from US$0.20 loss in ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 71%. Earnings per share  also surpassed analyst estimates by 3.0%.Looking ahead, revenue is expected to decline by 95% p.a. on average during the next 2 years, while revenues in the Medical Equipment industry in the US are expected to grow by 8.3%.The company's shares are down 5.8% from a week ago.We don't want to rain on the parade too much, but we did also find 5 warning signs for Co-Diagnostics (1 makes us a bit uncomfortable!) that you need to be mindful of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CODX":"Co-diagnostics Inc."},"translate_title":"Co-Diagnostics 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CODX":0.9},"content_text":"Co-Diagnostics (NASDAQ:CODX) Third Quarter 2024 Results\nKey Financial Results\n\nNet loss: US$9.70m (loss widened by 62% from 3Q 2023).\nUS$0.32 loss per share (further deteriorated from US$0.20 loss in 3Q 2023).\n\n\n\n\n  NasdaqCM:CODX Earnings and Revenue Growth November 10th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nCo-Diagnostics Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 71%. Earnings per share (EPS) also surpassed analyst estimates by 3.0%. \n Looking ahead, revenue is expected to decline by 95% p.a. on average during the next 2 years, while revenues in the Medical Equipment industry in the US are expected to grow by 8.3%. \nPerformance of the American Medical Equipment industry.\n The company's shares are down 5.8% from a week ago. \nRisk Analysis\n We don't want to rain on the parade too much, but we did also find 5 warning signs for Co-Diagnostics (1 makes us a bit uncomfortable!) that you need to be mindful of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482263105"}