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Stocks · Health care · Surgical & Medical Instruments & Apparatus

Co-Diagnostics, Inc.

CODX Clue Score35
United States Fiscal year ends December CIK 0001692415
$1.12 +2.75% Close, 9 Oct 2026
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Price $1.12 −86.82% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Jul 2017. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Operating income−1.7Net income−1.9Fiscal year 2017Revenue0.0Operating income−4.6Net income−7.0Fiscal year 2018Revenue0.0 +420.9%Operating income−6.1Net income−6.3Fiscal year 2019Revenue0.2 +438.6%Operating income−5.9Net income−6.2EPS, diluted−0.37Fiscal year 2020Revenue74.6 +34,579.9%Operating income41.7Net income42.5EPS, diluted1.52Fiscal year 2021Revenue97.9 +31.3%Operating income46.1Net income36.7 −13.7%EPS, diluted1.23Fiscal year 2022Revenue34.2 −65.0%Operating income−27.0Net income−14.2 −138.8%EPS, diluted−0.45Fiscal year 2023Revenue6.8 −80.1%Operating income−42.7Net income−35.3EPS, diluted−1.20Fiscal year 2024Revenue3.9 −42.5%Operating income−40.1Net income−37.6EPS, diluted−37.22Fiscal year 2025Revenue0.6 −84.1%Operating income−50.2Net income−46.9EPS, diluted−35.25
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a 0.0 0.0 0.2 74.6 97.9 34.2 6.8 3.9 0.6
Growth +420.9% +438.6% +34,579.9% +31.3% −65.0% −80.1% −42.5% −84.1%
Operating income −1.7 −4.6 −6.1 −5.9 41.7 46.1 −27.0 −42.7 −40.1 −50.2
Net income −1.9 −7.0 −6.3 −6.2 42.5 36.7 −14.2 −35.3 −37.6 −46.9
Growth −13.7% −138.8%
EPS, diluted n/a n/a n/a −0.37 1.52 1.23 −0.45 −1.20 −37.22 −35.25

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Fiscal year 2017Gross margin96.1%Operating margin−59,567.6%Net margin−90,827.9%Free cash flow margin−43,601.0%Fiscal year 2018Gross margin76.5%Operating margin−15,328.6%Net margin−15,714.3%Free cash flow margin−10,326.4%Fiscal year 2019Gross margin47.7%Operating margin−2,741.6%Net margin−2,882.0%Free cash flow margin−2,622.8%Fiscal year 2020Gross margin77.7%Operating margin55.9%Net margin57.0%Free cash flow margin36.7%Fiscal year 2021Gross margin88.2%Operating margin47.1%Net margin37.5%Free cash flow margin41.3%Fiscal year 2022Gross margin84.0%Operating margin−78.8%Net margin−41.6%Free cash flow margin15.0%Fiscal year 2023Gross margin38.6%Operating margin−626.9%Net margin−518.7%Free cash flow margin−344.2%Fiscal year 2024Gross margin74.5%Operating margin−1,023.7%Net margin−961.4%Free cash flow margin−763.8%Fiscal year 2025Gross margin64.3%Operating margin−8,058.8%Net margin−7,533.6%Free cash flow margin−4,793.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a 96.1% 76.5% 47.7% 77.7% 88.2% 84.0% 38.6% 74.5% 64.3%
Operating margin n/a −59,567.6% −15,328.6% −2,741.6% 55.9% 47.1% −78.8% −626.9% −1,023.7% −8,058.8%
Net margin n/a −90,827.9% −15,714.3% −2,882.0% 57.0% 37.5% −41.6% −518.7% −961.4% −7,533.6%
Free cash flow margin n/a −43,601.0% −10,326.4% −2,622.8% 36.7% 41.3% 15.0% −344.2% −763.8% −4,793.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−1.3Capital expenditure−0.0Free cash flow−1.3Fiscal year 2017Operating cash flow−3.2Capital expenditure−0.1Free cash flow−3.3Fiscal year 2018Operating cash flow−4.1Capital expenditure−0.0Free cash flow−4.1Fiscal year 2019Operating cash flow−5.5Capital expenditure−0.1Free cash flow−5.6Fiscal year 2020Operating cash flow28.2Capital expenditure−0.8Free cash flow27.4Fiscal year 2021Operating cash flow41.1Capital expenditure−0.7Free cash flow40.4 +47.5%Fiscal year 2022Operating cash flow6.6Capital expenditure−1.4Free cash flow5.1 −87.3%Buybacks−14.2Fiscal year 2023Operating cash flow−22.1Capital expenditure−1.4Free cash flow−23.4 −556.1%Buybacks−1.4Fiscal year 2024Operating cash flow−29.2Capital expenditure−0.7Free cash flow−29.9Fiscal year 2025Operating cash flow−29.1Capital expenditure−0.7Free cash flow−29.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −1.3 −3.2 −4.1 −5.5 28.2 41.1 6.6 −22.1 −29.2 −29.1
Capital expenditure −0.0 −0.1 −0.0 −0.1 −0.8 −0.7 −1.4 −1.4 −0.7 −0.7
Free cash flow −1.3 −3.3 −4.1 −5.6 27.4 40.4 5.1 −23.4 −29.9 −29.8
Growth +47.5% −87.3% −556.1%
Buybacks n/a n/a n/a n/a n/a n/a −14.2 −1.4 n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash1.0Total debt2.6Net cash (debt)−1.6Shareholders’ equity−3.0Fiscal year 2017Cash3.5Shareholders’ equity3.9Fiscal year 2018Cash1.0Total debt3.8Net cash (debt)−2.9Shareholders’ equity−1.1Fiscal year 2019Cash0.9Shareholders’ equity1.7Fiscal year 2020Cash43.0Shareholders’ equity66.7Fiscal year 2021Cash88.6Shareholders’ equity134.5Fiscal year 2022Cash23.0Shareholders’ equity114.5Fiscal year 2023Cash14.9Shareholders’ equity85.6Fiscal year 2024Cash2.9Shareholders’ equity53.9Fiscal year 2025Cash11.9Shareholders’ equity20.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1.0 3.5 1.0 0.9 43.0 88.6 23.0 14.9 2.9 11.9
Total debt 2.6 n/a 3.8 n/a n/a n/a n/a n/a n/a n/a
Net cash (debt) −1.6 n/a −2.9 n/a n/a n/a n/a n/a n/a n/a
Shareholders’ equity −3.0 3.9 −1.1 1.7 66.7 134.5 114.5 85.6 53.9 20.6

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a 96.1% 76.5% 47.7% 77.7% 88.2% 84.0% 38.6% 74.5% 64.3%
n/a −59,567.6% −15,328.6% −2,741.6% 55.9% 47.1% −78.8% −626.9% −1,023.7% −8,058.8%
n/a −90,827.9% −15,714.3% −2,882.0% 57.1% 46.6% −55.1% −559.5% −959.9% −7,793.2%
n/a −90,827.9% −15,714.3% −2,882.0% 57.0% 37.5% −41.6% −518.7% −961.4% −7,533.6%
n/a −43,601.0% −10,326.4% −2,622.8% 36.7% 41.3% 15.0% −344.2% −763.8% −4,793.2%
Spending
n/a 13,092.8% 3,410.5% 638.0% 4.3% 15.3% 51.0% 337.1% 535.9% 3,074.3%
n/a 40,404.5% 8,946.9% 1,626.8% 11.1% 11.8% 41.7% 209.6% 412.7% 1,455.2%
n/a 1,687.6% 103.6% 52.7% 1.0% 0.7% 4.2% 20.0% 19.1% 112.5%
n/a n/a n/a n/a 0.2% 19.7% n/a n/a n/a n/a
Returns
n/a −180.7% n/a −356.6% 63.7% 27.3% −12.4% −41.3% −69.9% −227.3%
−148.8% −149.3% −403.8% −279.7% 59.6% 22.9% −11.6% −37.1% −59.2% −189.5%
Balance and payout
331.1% 17.4% 168.2% 21.6% 6.4% 16.0% 7.0% 9.8% 15.2% 16.6%
n/a n/a n/a n/a n/a n/a 276.4% n/a n/a n/a