Co-Diagnostics Reports Fourth-Quarter and Full-Year 2020 Financial Results

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Co-Diagnostics (CODX) Misses Q4 EPS by 5c, Revenues Beat

March 25, 2021 4:03 PM EDT

Co-Diagnostics (NASDAQ: CODX) reported Q4 EPS of $0.43, $0.05 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $27.1 million versus the consensus estimate of $24.99 million.

Fourth Quarter 2020 Financial Results:

Revenue of $27.1 million, primarily due to sales of the Logix Smart COVID-19 TestGross profit increased to $22.8 million, representing 84.1% of consolidated revenue due to improved product mix as compared... More