Co-Diagnostics, Inc. financial data

Symbol
CODX on Nasdaq
Location
4049 South Highland Drive, Salt Lake City, UT
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2025 - Aug 14, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 502 % -54.3%
Quick Ratio 20.3 % -52.7%
Debt-to-equity 14.9 % +42.5%
Return On Equity -69.5 % -55.5%
Return On Assets -60.5 % -49.5%
Operating Margin -3.86K % -812%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 38.5M shares +20.7%
Common Stock, Shares, Outstanding 36.2M shares +13.4%
Entity Public Float 37M USD +12.1%
Common Stock, Value, Issued 41K USD +11.6%
Weighted Average Number of Shares Outstanding, Basic 33.1M shares +9.91%
Weighted Average Number of Shares Outstanding, Diluted 33.1M shares +9.91%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 1M USD -89%
Cost of Revenue 606K USD -83.5%
Research and Development Expense 19.2M USD -17.3%
Selling and Marketing Expense 3.15M USD -47.8%
General and Administrative Expense 15.5M USD +13.8%
Operating Income (Loss) -38.8M USD -0.13%
Nonoperating Income (Expense) 2.8M USD -3.29%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -36M USD -0.41%
Income Tax Expense (Benefit) 38.3K USD -97.8%
Net Income (Loss) Attributable to Parent -36M USD +4.2%
Earnings Per Share, Basic -1 USD/shares +8%
Earnings Per Share, Diluted -1 USD/shares +8%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 11.1M USD -19.8%
Marketable Securities, Current 2.25M USD -92.8%
Accounts Receivable, after Allowance for Credit Loss, Current 211K USD -61.7%
Inventory, Net 1.08M USD -25.9%
Assets, Current 15.3M USD -68.3%
Deferred Income Tax Assets, Net 4.27M USD
Property, Plant and Equipment, Net 2.67M USD -12.5%
Operating Lease, Right-of-Use Asset 1.67M USD -34.5%
Intangible Assets, Net (Excluding Goodwill) 26.1M USD -0.58%
Assets 46.5M USD -42.4%
Accounts Payable, Current 1.64M USD -12.3%
Accrued Liabilities, Current 1.01M USD -33%
Contract with Customer, Liability, Current 45.9K USD -79.2%
Liabilities, Current 3.71M USD -30%
Deferred Income Tax Liabilities, Net 203K USD -96.5%
Operating Lease, Liability, Noncurrent 879K USD -48.4%
Liabilities 5.33M USD -35.8%
Accumulated Other Comprehensive Income (Loss), Net of Tax 134K USD -63.9%
Retained Earnings (Accumulated Deficit) -48.3M USD -292%
Stockholders' Equity Attributable to Parent 41.1M USD -43.2%
Liabilities and Equity 46.5M USD -42.4%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -8.75M USD -3%
Net Cash Provided by (Used in) Financing Activities 355K USD
Net Cash Provided by (Used in) Investing Activities 7.36M USD -55.9%
Common Stock, Shares Authorized 100M shares 0%
Common Stock, Shares, Issued 41M shares +11.6%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -1.03M USD -113%
Deferred Tax Assets, Valuation Allowance 14.9M USD +115%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 22.1M USD +44.6%
Operating Lease, Liability 1.7M USD -34%
Payments to Acquire Property, Plant, and Equipment 91.9K USD -77.2%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -36.2M USD +4.1%
Lessee, Operating Lease, Liability, to be Paid 1.83M USD -35.5%
Operating Lease, Liability, Current 824K USD -6.12%
Lessee, Operating Lease, Liability, to be Paid, Year Two 301K USD -57.9%
Lessee, Operating Lease, Liability, to be Paid, Year One 715K USD -29.8%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Deferred Income Tax Expense (Benefit) -2.21M USD -62.9%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 131K USD -50%
Lessee, Operating Lease, Liability, to be Paid, Year Three 308K USD +2.62%
Deferred Tax Assets, Operating Loss Carryforwards 8.55M USD +112%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 5M shares 0%
Unrecognized Tax Benefits 1.2M USD +11.3%
Lessee, Operating Lease, Liability, to be Paid, Year Four 308K USD +2.62%
Operating Lease, Payments 258K USD -1.75%
Additional Paid in Capital 105M USD +4.97%
Preferred Stock, Shares Outstanding 0 shares
Depreciation, Depletion and Amortization 280K USD -15.2%
Deferred Tax Assets, Net of Valuation Allowance 7.19M USD -13.6%
Share-based Payment Arrangement, Expense 3.82M USD -46%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%