Co-Diagnostics Reports Strong Second Quarter 2021 Financial Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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SALT LAKE CITY, May 13, 2021 /PRNewswire/ Co-Diagnostics, Inc.
(NASDAQ: CODX), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, announced today financial results for the first quarter ended March 31, 2021.
First-Quarter 2021 Financial Results:
Strong quarterly results highlighted by revenue of $20.0 million, pre-tax income of $9.9 million, diluted EPS of $0.26
Revenue of $20.0 million, primarily due to sales of the Logix Smart™ COVID-19 Test
Gross profit increased to $16.8 million, representing 83.7% of consolidated revenue due to improved product mix as compared to the prior-year period
Operating income improved to $10.3 million over an operating loss in the prior-year quarter, due to continued strong revenue and gross profit
Co-Diagnostics Reports Fourth-Quarter and Full-Year 2020 Financial Results apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.