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Shares of Co-Diagnostics (NASDAQ:CODX) moved higher in after-market trading after the company reported Q1 results.
Quarterly Results
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Earnings per share increased 620.00% year over year to $0.26, which beat the estimate of $0.22.
Revenue of $20,025,000 rose by 1192.77% year over year, which beat the estimate of $19,890,000.
Guidance
Q2 EPS expected to be between $0.19 and $0.23.
Q2 revenue expected to be between $20,000,000 and $22,000,000.
Conference Call Details
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Date: May 13, 2021
Time: 04:30 PM
ET Webcast URL: https://services.choruscall.com/mediaframe/webcast.html?webcastid=tOP73wNo
Recent Stock Performance
52-week high: $30.99
Company's 52-week low was at $7.28
Price action over last quarter: down 20.10%
Company Overview
Co-Diagnostics Inc is a molecular diagnostics company. It develops, licenses, and commercializes molecular technologies such as lab systems (MDx device) and manufacture and sell reagents used for tests that are designed using the detection and/or analysis of nucleic acid molecules (DNA or RNA). CDI's low-cost system uses its tests to diagnose tuberculosis, Zika, hepatitis B and C, Malaria, dengue and HIV. The company's diagnostics systems enable very rapid, low-cost, sophisticated molecular testing for organisms and genetic diseases by greatly automating historically complex procedures in both the development and administration of tests.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.