Co-Diagnostics, Inc. (NASDAQ:CODX) is reporting third quarter earnings results on Monday 16th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.63 per share.
For the full year, analysts predict revenues of $ 93.86 million, while looking forward to income of $ 1.83 per share.
Previous Quarter Performance
Co-Diagnostics, Inc. unwinded income for the second quarter of $ 0.43 per share, from the revenue of $ 24.04 million. The quarterly revenues elevated 60,000.00 percent compared with the same quarter last year. Street analysts expected Co-Diagnostics, Inc. to report income of $ 0.74 per share on revenue of $ 32.29 million for the second quarter. The bottom line results missed street analysts by $ 0.31 or 41.89 percent, at the same time, top line results fell short of analysts by $ 8.25 million or 25.55 percent.
Stock Performance
On Friday, shares of Co-Diagnostics, Inc. has traded high as $ 16.96 and has cracked $ 14.80 on the downward trend, reaching $ 14.98 with volume of 4.63 million shares.
According to the previous trading day, closing price of $ 14.98, representing a 1,666.28 % increase from the 52 week low of $ 0.86 and a 50.98 % decrease over the 52 week high of $ 30.99.
The company has a market capital of $ 423.47 million and is part of the Healthcare sector and Diagnostics & Research industry.
Conference Call
Co-Diagnostics, Inc. will be hosting a conference call at 4:30 PM eastern time on 16th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.codiagnostics.com
Co-Diagnostics, Inc., a molecular diagnostics company, intends to manufacture and sell reagents used for diagnostic tests that function via the detection and/or analysis of nucleic acid molecules. It also intends to sell diagnostic equipment from other manufacturers as self-contained lab systems. The company was founded in 2013 and is headquartered in Salt Lake City, Utah.
