NASDAQ$CODX

Co-Diagnostics Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported continued strength with record revenue of $30.1 million, pre-tax income of $13.6 million, and fully diluted EPS of $0.38.

Co-Diagnostics reported strong Q3 2021 financial results, achieving record revenue of $30.1 million and a fully diluted EPS of $0.38. The company is optimistic about its upcoming point of care/at-home diagnostic platform and its potential impact on infectious disease diagnostics.

  • Achieved record revenue of $30.1 million in Q3 2021.
  • Reported pre-tax income of $13.6 million.
  • Fully diluted EPS reached $0.38.
  • Received ANVISA approval to sell Logix Smart COVID-19 test kit in Brazil.

Headline financials

Total Revenue

$30.1M

Previous: $21.8M+38.0%
EPS (adj)

$0.38

Previous: $0.53-28.3%
Capital Expenditures

-$548K

Previous: -$306K-79.2%
Free Cash Flow

$10.9M

Previous: $15.4M-29.2%
Net Income

$11.5M

Previous: $15.7M-27.1%
Operating Income

$13.6M

Previous: $12M+13.2%
Gross Profit

$26.8M

Previous: $16M+67.5%
Cash & Equivalents

$82.7M

Previous: $21.2M+289.3%
Total Assets

$105M

Previous: $54.7M+92.8%
Stock-Based Comp

$1.41M

Previous: $1.04M+35.3%

Revenue & EPS history

Co-Diagnostics · Revenue · Quarterly

$30.1M

Q3 2021+38%vs Q3 2020
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Co-Diagnostics · $146K total across 1 segment · Q1 2026

  • Product
    $146K

Forward guidance

Co-Diagnostics is offering the following guidance for its full year of 2021

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-5.3%

Avg return

Earnings day

-3.9%

Avg return

5 days after

-4.4%

Avg return

30 days after

34%

12 / 35 earnings

Positive

+21.0%

Q1 2022

Best reaction

-32.3%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.6%+24.4%
Q3 2025-11.4%-8.1%-8.3%
Q2 2025+11.7%+6.4%+28.7%
Q1 2025-2.4%-2.8%-15.5%
Q4 2024-18.3%-8.7%-10.7%
Q3 2024-5.8%-3.3%-29.7%
Q2 2024+4.7%+9.3%+25.2%
Q1 2024-9.0%-8.2%+10.7%
Q4 2023-9.3%-6.8%+1.7%
Q3 2023-7.3%+9.8%-0.8%
Q2 2023-10.8%-6.9%-5.4%
Q1 2023+0.8%+4.9%-20.9%
Q4 2022-14.8%-34.4%-46.4%
Q3 2022+8.6%+9.7%-17.4%
Q2 2022-32.3%-37.9%-50.6%
Q1 2022+21.0%+33.8%+35.1%
Q4 2021-8.3%+4.0%-24.4%
Q3 2021+7.8%+13.1%-2.3%
Q2 2021+11.0%+15.6%+10.8%
Q1 2021+15.7%+20.4%+20.8%
Q4 2020-21.8%-31.1%-27.8%
Q3 2020-20.6%-26.0%-28.8%
Q2 2020-16.8%-21.2%-29.9%
Q1 2020-27.1%-19.5%-33.5%
Q4 2019-16.7%-10.4%+35.2%
Q3 2019-4.3%-3.9%+7.1%
Q2 2019-11.1%-8.1%-13.5%
Q1 2019-14.2%-20.3%-25.7%
Q4 2018+5.6%+0.0%-8.2%
Q3 2018+2.3%-9.3%-13.1%
Q2 2018-1.4%-4.5%-10.8%
Q1 2018-8.1%-7.0%+129.7%
Q4 2017-5.9%-11.3%-14.9%
Q3 2017-3.2%-6.8%-43.4%
Q2 2017+3.2%+9.4%+29.0%
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015

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