S&P 500 7,500.58 ▲ 80.48 (+1.08%) DOW 51,564.70 ▲ 72.15 (+0.14%) NASDAQ 26,517.93 ▲ 496.28 (+1.91%) US Markets Closed â€ĸ 05:09 AM ET

CODX

Co-Diagnostics, Inc.

Price Chart
Latest Quote

$3.33

-0.51 (-13.28%)
Current Price
Previous Close $3.84
Open $3.73
Day High $3.82
Day Low $2.95
Volume 470,302
Fetched: 2026-06-18T06:15:18
Stock Information
Shares Outstanding 3.69M
Total Debt $2.03M
Cash Equivalents $8.23M
Revenue $718K
Net Income $-48.50M
Sector Healthcare
Industry Medical Devices
Market Cap $12.42M
EPS (TTM) $-32.26
Exchange NCM
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📊 Comprehensive Analysis
Company Data
Enterprise Value$7.63M
Sales$718K
Income$-48.50M
Book/sh$4.45
Cash/sh$2.23
Employees115
Financial Ratios
Quick Ratio1.94
Current Ratio2.28
Debt/Eq12.66
Returns & Margins
ROA-52.09%
ROE-151.66%
Gross Margin45.06%
Operating Margin-6309.12%
Ownership
Insider Ownership3.60%
Institutional Ownership9.53%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E-0.28
P/S17.29
P/B0.76
Analyst Data
Recommendationnone
Technical Indicators
SMA20$5.58
SMA50$3.22
SMA200$6.34
RSI14.85
ATR1.2170
Shares Float3.50M
Short Float9.80%
Short Ratio0.02
Rel Volume0.06
Performance History
Week-28.30%
Month+71.07%
Quarter+27.17%
6 Months-54.34%
YTD-39.39%
Year-58.55%
3 Years-89.40%
5 Years-98.73%
10 Years-98.07%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-18 $3.37 624,100
2026-06-17 $3.33 472,400
2026-06-16 $3.84 349,700
2026-06-15 $3.78 356,400
2026-06-12 $4.29 435,100
2026-06-11 $4.70 178,000
2026-06-10 $4.88 572,100
2026-06-09 $4.50 324,900
2026-06-08 $5.05 467,100
2026-06-05 $5.63 669,700
2026-06-04 $5.76 1,930,700
2026-06-03 $5.17 1,180,600
2026-06-02 $6.22 4,721,800
2026-06-01 $6.20 2,603,600
2026-05-29 $8.53 3,382,200
2026-05-28 $11.19 19,381,800
2026-05-27 $7.30 6,859,600
2026-05-26 $9.11 50,928,700
2026-05-22 $5.07 10,017,900
2026-05-21 $3.71 91,560,700
2026-05-20 $2.39 14,205,300
2026-05-19 $1.97 119,828,000
About Co-Diagnostics, Inc.

Co-Diagnostics, Inc. operates as a molecular diagnostics company that develops, manufactures, and sells reagents used for diagnostic tests that function through the detection and/or analysis of nucleic acid molecules in the United States and internationally. It offers Co-Dx PCR platform, a polymerase chain reaction testing to patients in point-of-care and at-home setting. The company also provides PCR diagnostic tests for COVID-19, influenza, tuberculosis, hepatitis B and C, malaria, dengue, human papillomavirus, chikungunya, and Zika virus. In addition, the company offers three multiplexed tests to test mosquitos for the identification of diseases carried by the mosquitos; molecular tools for detection of infectious diseases; tests that identify genetic traits in plant and animal genomes; and portable diagnostic device designed to bring PCR to patients in point-of-care and at-home settings. Co-Diagnostics, Inc. was incorporated in 2013 and is based in Salt Lake City, Utah.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $222,377 $999,124 $4,184,949 $5,481,093
Cost Of Revenue $222,377 $999,124 $4,184,949 $5,481,093
Total Revenue $622,489 $3,915,160 $6,812,038 $34,218,209
Operating Revenue $622,489 $3,915,160 $6,812,038 $34,218,209
Expenses
Total Expenses $31,905,841 $43,996,470 $49,518,272 $45,809,500
Other Income Expense $-17,521,494 $1,407,845 $3,433,765 $-7,959,988
Net Non Operating Interest Income Expense $292,932 $1,091,825 $1,161,913 $704,045
Operating Expense $31,683,464 $42,997,346 $45,333,323 $40,328,407
Selling And Marketing Expense $2,381,131 $4,483,339 $6,860,815 $7,344,628
General And Administrative Expense $9,058,283 $16,157,152 $14,279,441 $14,262,963
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-46,895,936 $-37,639,008 $-35,332,865 $-14,238,249
Net Interest Income $292,932 $1,091,825 $1,161,913 $704,045
Interest Income $292,932 $1,091,825 $1,161,913 $704,045
Normalized Income $-29,997,424 $-38,898,198 $-38,422,613 $-8,479,850
Net Income From Continuing And Discontinued Operation $-46,895,936 $-37,639,008 $-35,332,865 $-14,238,249
Total Operating Income As Reported $-50,165,352 $-40,081,310 $-42,706,234 $-26,979,837
Net Income Common Stockholders $-46,895,936 $-37,639,008 $-35,332,865 $-14,238,249
Net Income $-46,895,936 $-37,639,008 $-35,332,865 $-14,238,249
Net Income Including Noncontrolling Interests $-46,895,936 $-37,639,008 $-35,332,865 $-14,238,249
Net Income Continuous Operations $-46,895,936 $-37,639,008 $-35,332,865 $-14,238,249
Pretax Income $-48,511,914 $-37,581,640 $-38,110,556 $-18,847,234
Special Income Charges $-18,158,558 $723,167 $1,090,003 $-7,627,019
Earnings From Equity Interest $-46,301 $-186,067 $100,703 $-332,969
Interest Income Non Operating $292,932 $1,091,825 $1,161,913 $704,045
Operating Income $-31,283,352 $-40,081,310 $-42,706,234 $-11,591,291
Depreciation Amortization Depletion Income Statement $1,106,808 $1,377,266 $1,230,474 $1,282,718
Depreciation And Amortization In Income Statement $1,106,808 $1,377,266 $1,230,474 $1,282,718
Gross Profit $400,112 $2,916,036 $2,627,089 $28,737,116
Per Share
Diluted EPS $-35.25 $-37.22 $-36.00 $-13.50
Basic EPS $-35.25 $-37.22 $-36.00 $-13.50
Other
Tax Effect Of Unusual Items $-576,681 $334,722 $243,314 $-1,868,620
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-12,701,351 $-40,297,956 $-44,808,822 $-2,681,554
Total Unusual Items $-17,475,193 $1,593,912 $3,333,062 $-7,627,019
Total Unusual Items Excluding Goodwill $-17,475,193 $1,593,912 $3,333,062 $-7,627,019
Reconciled Depreciation $1,106,808 $1,377,266 $1,230,474 $1,282,718
EBITDA (Bullshit earnings) $-30,176,544 $-38,704,044 $-41,475,760 $-10,308,573
EBIT $-31,283,352 $-40,081,310 $-42,706,234 $-11,591,291
Diluted Average Shares $1,330,199 $1,011,178 $978,219 $1,049,300
Basic Average Shares $1,330,199 $1,011,178 $978,219 $1,049,300
Diluted NI Availto Com Stockholders $-46,895,936 $-37,639,008 $-35,332,865 $-14,238,249
Tax Provision $-1,615,978 $57,368 $-2,777,691 $-4,608,985
Gain On Sale Of Ppe $-82,421 $8,291 $-2,578 $-138,117
Impairment Of Capital Assets $18,882,000 $0 $0 $15,388,546
Restructuring And Mergern Acquisition $-805,863 $-714,876 $-1,092,581 $-7,899,644
Gain On Sale Of Security $683,365 $870,745 $2,243,059 -
Research And Development $19,137,242 $20,979,589 $22,962,593 $17,438,098
Selling General And Administration $11,439,414 $20,640,491 $21,140,256 $21,607,591
Other Gand A $9,058,283 $16,157,152 $14,279,441 $14,262,963
Fetched: 2026-06-16
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $13,409,664 $27,774,157 $59,609,948 $87,751,661
Total Assets $24,742,585 $63,563,158 $95,320,660 $123,086,281
Total Non Current Assets $11,049,120 $31,271,460 $33,179,552 $30,352,610
Goodwill And Other Intangible Assets $7,219,000 $26,101,000 $26,403,667 $26,768,333
Other Intangible Assets $7,219,000 $26,101,000 $26,403,667 $26,768,333
Current Assets $13,693,465 $32,291,698 $62,141,108 $92,733,671
Other Current Assets $581,527 $1,338,762 $1,597,114 $761,187
Inventory $992,397 $1,072,724 $1,664,725 $5,310,473
Receivables $234,934 $132,570 $330,881 $5,399,142
Taxes Receivable $44,559 $0 $26,955 $1,870,419
Accounts Receivable $190,375 $132,570 $303,926 $3,453,723
Allowance For Doubtful Accounts Receivable $-40,377 $-110,055 $-200,338 $-3,098,526
Gross Accounts Receivable $230,752 $242,625 $504,264 $6,552,249
Cash Cash Equivalents And Short Term Investments $11,884,607 $29,747,642 $58,548,388 $81,262,869
Cash And Cash Equivalents $11,884,607 $2,936,544 $14,916,878 $22,973,803
Cash Financial $11,884,607 $2,936,544 $4,317,449 $12,834,444
Cash Equivalents - $0 $10,599,429 $10,139,359
Notes Receivable - - $0 $75,000
Non Current Note Receivables - - - $0
Non Current Deferred Assets - - - -
Non Current Deferred Taxes Assets - - - -
Prepaid Assets - - - -
Debt
Total Debt $1,236,559 $2,152,179 $2,990,567 $347,917
Long Term Debt And Capital Lease Obligation $574,301 $1,236,560 $2,152,180 $50,708
Current Debt And Capital Lease Obligation $662,258 $915,619 $838,387 $297,209
Liabilities
Total Liabilities Net Minority Interest $4,113,921 $9,688,001 $9,307,045 $8,566,287
Total Non Current Liabilities Net Minority Interest $574,301 $2,372,283 $3,559,475 $4,692,864
Tradeand Other Payables Non Current $0 $713,643 $659,186 $1,181,284
Current Liabilities $3,539,620 $7,315,718 $5,747,570 $3,873,423
Other Current Liabilities $119,036 $502,819 $891,666 $1,689,471
Current Deferred Liabilities $14,800 $40,857 $362,449 $0
Payables And Accrued Expenses $2,743,526 $5,856,423 $3,655,068 $1,886,743
Payables $1,878,225 $3,294,254 $1,482,109 $952,296
Accounts Payable $1,878,225 $3,294,254 $1,482,109 $952,296
Other Non Current Liabilities - $422,080 $748,109 $1,042,885
Non Current Deferred Liabilities - - $0 $2,417,987
Non Current Deferred Taxes Liabilities - - $0 $2,417,987
Total Tax Payable - - - $0
Income Tax Payable - - - $0
Equity
Common Stock Equity $20,628,664 $53,875,157 $86,013,615 $114,519,994
Total Equity Gross Minority Interest $20,628,664 $53,875,157 $86,013,615 $114,519,994
Stockholders Equity $20,628,664 $53,875,157 $86,013,615 $114,519,994
Gains Losses Not Affecting Retained Earnings $0 $418,443 $146,700 $293,140
Retained Earnings $-80,373,539 $-33,477,603 $4,598,166 $39,931,031
Long Term Equity Investment $350,569 $294,304 $773,382 $672,679
Other Equity Adjustments - $418,443 $146,700 $293,140
Other
Treasury Shares Number $161,622 $161,622 $161,622 $129,388
Ordinary Shares Number $2,095,030 $1,101,784 $1,041,988 $1,029,086
Share Issued $2,256,652 $1,263,406 $1,203,610 $1,158,474
Tangible Book Value $13,409,664 $27,774,157 $59,609,948 $87,751,661
Invested Capital $20,628,664 $53,875,157 $86,013,615 $114,519,994
Working Capital $10,153,845 $24,975,980 $56,393,538 $88,860,248
Capital Lease Obligations $1,236,559 $2,152,179 $2,990,567 $347,917
Total Capitalization $20,628,664 $53,875,157 $86,013,615 $114,519,994
Treasury Stock $15,575,795 $15,575,795 $15,575,795 $14,211,866
Additional Paid In Capital $116,510,298 $102,472,210 $96,808,436 $88,472,935
Capital Stock $67,700 $37,902 $36,108 $34,754
Common Stock $67,700 $37,902 $36,108 $34,754
Preferred Stock $0 $0 $0 $0
Long Term Capital Lease Obligation $574,301 $1,236,560 $2,152,180 $50,708
Current Deferred Revenue $14,800 $40,857 $362,449 $0
Current Capital Lease Obligation $662,258 $915,619 $838,387 $297,209
Current Accrued Expenses $865,301 $2,562,169 $2,172,959 $934,447
Investments And Advances $350,569 $294,304 $773,382 $672,679
Investmentsin Joint Venturesat Cost $350,569 $294,304 $773,382 $672,679
Net PPE $3,479,551 $4,876,156 $6,002,503 $2,911,598
Accumulated Depreciation $-3,909,291 $-3,280,843 $-2,232,495 $-1,372,248
Gross PPE $7,388,842 $8,156,999 $8,234,998 $4,283,846
Leases $968,573 $947,674 $548,648 $224,957
Other Properties $6,246,601 $7,035,657 $7,512,682 $3,946,845
Machinery Furniture Equipment $173,668 $173,668 $173,668 $112,044
Properties $0 $0 $0 $0
Finished Goods $512,186 $567,281 $700,467 $1,327,264
Raw Materials $480,211 $505,443 $964,258 $3,983,209
Other Short Term Investments $0 $26,811,098 $43,631,510 $58,289,066
Goodwill - - - $0
Non Current Accrued Expenses - - - -
Fetched: 2026-06-16
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $-29,836,974 $-29,903,397 $-23,447,171 $5,141,225
Operating Activities
Operating Cash Flow $-29,136,927 $-29,155,045 $-22,081,865 $6,568,737
Cash Flow From Continuing Operating Activities $-29,136,927 $-29,155,045 $-22,081,865 $6,568,737
Operating Gains Losses $-554,643 $-692,969 $-2,341,184 $471,086
Investing Activities
Capital Expenditure $-700,047 $-748,352 $-1,365,306 $-1,427,512
Investing Cash Flow $26,273,407 $17,070,797 $15,388,869 $-58,168,172
Cash Flow From Continuing Investing Activities $26,273,407 $17,070,797 $15,388,869 $-58,168,172
Financing Activities
Issuance Of Capital Stock $11,799,083 $103,914 $0 -
Financing Cash Flow $11,811,583 $103,914 $-1,363,929 $-14,033,996
Cash Flow From Continuing Financing Activities $11,811,583 $103,914 $-1,363,929 $-14,033,996
Net Common Stock Issuance $11,799,083 $103,914 $-1,363,929 $-14,211,866
Common Stock Issuance $11,799,083 $103,914 $0 -
Repurchase Of Capital Stock - $0 $-1,363,929 $-14,211,866
Other
Income Tax Paid Supplemental Data $858,870 $0 $55,975 $4,498,742
End Cash Position $11,884,607 $2,936,544 $14,916,878 $22,973,803
Beginning Cash Position $2,936,544 $14,916,878 $22,973,803 $88,607,234
Changes In Cash $8,948,063 $-11,980,334 $-8,056,925 $-65,633,431
Proceeds From Stock Option Exercised $12,500 $0 $0 $177,870
Net Investment Purchase And Sale $27,076,020 $17,962,899 $16,754,175 $-56,740,660
Sale Of Investment $33,666,959 $58,765,487 $127,251,619 $11,255,266
Purchase Of Investment $-6,590,939 $-40,802,588 $-110,497,444 $-67,995,926
Net Business Purchase And Sale $-102,566 $-143,750 $0 $0
Purchase Of Business $-102,566 $-143,750 $0 -
Net PPE Purchase And Sale $-700,047 $-748,352 $-1,365,306 $-1,427,512
Purchase Of PPE $-700,047 $-748,352 $-1,365,306 $-1,427,512
Change In Working Capital $-3,167,199 $2,754,651 $5,641,341 $6,191,953
Change In Other Working Capital $-26,057 $-321,592 $362,449 $-150,000
Change In Payables And Accrued Expense $-3,826,540 $2,212,307 $1,246,228 $-4,685,071
Change In Payable $-3,826,540 $2,212,307 $1,246,228 $-4,685,071
Change In Account Payable $-3,112,897 $2,157,850 $1,768,326 $-2,483,821
Change In Tax Payable $-713,643 $54,457 $-522,098 $-2,201,250
Change In Income Tax Payable $-713,643 $54,457 $-522,098 $-2,201,250
Change In Prepaid Assets $585,926 $412,056 $1,082,536 $-224,094
Change In Inventory $131,271 $265,489 $413,140 $-3,673,309
Change In Receivables $-31,799 $186,391 $2,536,988 $14,924,427
Changes In Account Receivables $-31,799 $186,391 $2,536,988 $14,924,427
Other Non Cash Items $-679,060 $-701,366 $-3,462,576 $-12,679,671
Stock Based Compensation $2,248,053 $5,434,904 $8,336,855 $7,543,223
Provisionand Write Offof Assets $-26,006 $-15,035 $612,809 $2,461,032
Asset Impairment Charge $18,831,056 $326,512 $3,233,281 $15,536,645
Depreciation Amortization Depletion $1,106,808 $1,377,266 $1,230,474 $1,282,718
Depreciation And Amortization $1,106,808 $1,377,266 $1,230,474 $1,282,718
Earnings Losses From Equity Investments $46,301 $186,067 $-100,703 $332,969
Gain Loss On Investment Securities $-683,365 $-870,745 $-2,243,059 -
Net Income From Continuing Operations $-46,895,936 $-37,639,008 $-35,332,865 $-14,238,249
Common Stock Payments - $0 $-1,363,929 $-14,211,866
Deferred Tax - $0 $-2,417,987 $-4,810,457
Deferred Income Tax - $0 $-2,417,987 $-4,810,457
Interest Paid Supplemental Data - - $0 $0
Sale Of Business - - - $0
Fetched: 2026-06-16