Co-Diagnostics Inc Stock Price, News & Analysis

Co-Diagnostics, Inc. (NASDAQ: CODX) released its second quarter 2022 financial results, reporting a revenue decline to $5.0 million from $27.4 million year-over-year, primarily due to decreased demand for its Logix Smart™ COVID-19 Test. The company faced an operating loss of $4.1 million, contrasting with a prior year operating income of $11.8 million. Net loss registered at $2.7 million, or $0.08 per share. Despite these challenges, Co-Diagnostics continues to progress on the Co-Dx PCR Home platform and expand its product offerings, including tests for monkeypox.

Co-Diagnostics, Inc. (Nasdaq: CODX) announced its participation in the Yale School of Public Health SalivaDirect™ Conference on July 28-29 in Chicago. The conference focuses on promoting saliva-based testing for infectious diseases. CEO Dwight Egan and Chairman of the Scientific Advisory Board Dr. Carl Wittwer will present on the topic "The Opportunity for A New Global Response To Infectious Disease" on July 29th at 3:00 PM CT. Co-Diagnostics specializes in molecular diagnostics, developing advanced technologies for testing infectious diseases and genetic markers.

Co-Diagnostics, Inc. (Nasdaq: CODX) announced a global expansion of its OEM agreement with Bio Molecular Systems (BMS) during its update at AACC. This expanded agreement increases Co-Dx's approved sales territories to 193 countries, building on existing sales in over 50 countries. BMS, known for its expertise in PCR technology, manufactures the Co-Dx Box™, enhancing the user experience of Co-Diagnostics' molecular assays. CEO Dwight Egan expressed optimism about the growth opportunities this collaboration presents for expanding the reach of their affordable and high-quality molecular testing tools.

Co-Diagnostics, Inc. (Nasdaq: CODX) will showcase its diagnostics products at the AACC Annual Scientific Meeting & Clinical Lab Expo from July 24-28 in Chicago, IL. The Company invites distributors and customers for a global update on July 26 at 11 am CT in room S103A. CEO Dwight Egan will present on the Co-Dx PCR Home testing platform at 2 pm CT on July 26. Co-Dx has sold over 34 million PCR tests across more than 50 countries. The Co-Dx PCR Home testing platform is under FDA review and not yet available for sale.

Co-Diagnostics, Inc. (Nasdaq-CM: CODX) announced the shipment of testing reagents for monkeypox virus to an international distributor amidst a global outbreak. As of July 7, 2022, over 6,000 monkeypox cases have been reported across 59 countries, according to the World Health Organization. The reagents were developed quickly to meet urgent regional demands. CEO Dwight Egan emphasized the importance of their PCR-based testing products for effective disease detection, underscoring the company's commitment to high-quality, affordable diagnostics worldwide.

Co-Diagnostics, Inc. (Nasdaq: CODX) announced its presentation at the 29th International Biodetection Technologies Conference, held virtually on June 28-29, 2022. CEO Dwight Egan will discuss the upcoming PCR Home testing platform during the Point-of-Care Diagnostics agenda on June 29 at 12:30 pm ET. This conference focuses on the latest innovations in the detection and identification of biological threats. An archived version of the presentation will be available on the company's website post-conference.

Co-Diagnostics, Inc. (Nasdaq: CODX) announced that key executives will participate in the Sidoti Summer Small Cap Virtual Investor Conference on June 15-16, 2022. CEO Dwight Egan, CFO Brian Brown, and Head of Investor Relations Andrew Benson will present and hold one-on-one meetings with investors. The presentation starts at 3:15 p.m. EDT on June 15 and can be accessed via the company's website. Co-Diagnostics specializes in molecular diagnostics, focusing on developing tests that analyze nucleic acid molecules for various applications, including infectious diseases.

Co-Diagnostics, Inc. (Nasdaq: CODX) is participating in the 22nd MEDEXPO Africa 2022 in Nairobi, Kenya from June 9-11. This significant event showcases over 30 countries' medical technology solutions, aiming at buyers seeking innovative products and services. This marks Co-Dx's first trade show in Africa, enhancing its initiative to promote COVID-19 and other infectious disease tests across the continent. Notably, the company has completed the design of a PCR test for monkeypox. Interested attendees can find Co-Dx at Booth #124.

Co-Diagnostics, Inc. (Nasdaq-CM: CODX) has completed the principal design of a PCR test for the monkeypox virus, amid a multi-country outbreak. The test will leverage the Company's patented CoPrimer™ technology and proprietary software system. CEO Dwight Egan emphasized the need for prompt action against potential outbreaks, highlighting Co-Dx's mission to enhance access to affordable, high-quality molecular testing globally. The World Health Organization reported monkeypox cases in 18 non-endemic countries since May 13, 2022.