earnings
confidence high
sentiment negative
materiality 0.65
Co-Diagnostics Q1 revenue $0.1M; net loss $7.5M; advancing platform pipeline
Co-Diagnostics, Inc.
2025-Q1 EPS reported
-$0.24
revenue$50,277
- Revenue of $0.1M, down from $0.5M YoY due to no grant revenue recognized in Q1 2025.
- Net loss of $7.5M ($0.24 loss per share) compared to net loss of $9.3M ($0.31 per share) in Q1 2024.
- Operating loss improved to $8.6M from $10.3M YoY; operating expenses decreased 18.2%.
- Cash and marketable securities totaled $21.5M as of March 31, 2025.
- On track to begin clinical evaluations for 4 tests and complete India manufacturing facility by year-end 2025.