NASDAQ$CODX

Co-Diagnostics Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported record quarterly results with revenue of $27.1 million and pre-tax income of $15.8 million.

Co-Diagnostics reported record fourth-quarter results, driven by demand for its Logix Smart COVID-19 Test. Revenue reached $27.1 million, and pre-tax income was $15.8 million.

  • Co-Diagnostics reported record quarterly revenue of $27.1 million.
  • Pre-tax income for the quarter was $15.8 million.
  • Demand for Logix Smart COVID-19 Test drove record sales.
  • The company anticipates continued demand for its COVID-19 tests and other diagnostic products in 2021.

Headline financials

Total Revenue

$27.1M

Previous: $109K+24903.2%
EPS (adj)

$0.43

Previous: -$0.09+577.8%
Capital Expenditures

$469K

Previous: $36.2K+1194.1%
Free Cash Flow

$19.5M

Previous: -$1.65M+1282.3%
Net Income

$15.8M

Previous: -$1.74M+1010.7%
Operating Income

$16M

Previous: -$1.62M+1087.4%
Gross Profit

$22.8M

Previous: $55.8K+40846.5%
Cash & Equivalents

$43M

Previous: $893K+4711.9%
Total Assets

$71.2M

Previous: $2.22M+3115.7%
Stock-Based Comp

$571K

Previous: $518K+10.2%

Revenue & EPS history

Co-Diagnostics · Revenue · Quarterly

$27.1M

Q4 2020+24,903.2%vs Q4 2019
Beat estimate in 8 of 12 quarters(67%)
ActualEstimate

Revenue by segment

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

  • Product
    $146K

Forward guidance

Co-Diagnostics anticipates continued demand for its COVID-19 tests and other diagnostic products as testing becomes a part of the long-term protocol for many organizations. The company expects its distribution platform, production capacity, product reliability, and ongoing product innovation will position it for additional growth throughout the world.

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 Q4 2020

Historical avgQ4 2020

-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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