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Stock impact report

Co-Diagnostics, Inc. Reports Full Year 2024 Financial Results [Yahoo! Finance]

Co-Diagnostics, Inc. (CODX) 
US:NASDAQ Investor Relations: ir.codiagnostics.com/investor-relations
Company Research Source: Yahoo! Finance
for the development of molecular diagnostic tests, today announced financial results for the fourth quarter and full year ended December 31, 2024 Full Year 2024 Financial Results: Revenue of $3.9 million , which declined from $6.8 million during the prior year primarily due to higher Grant revenue in 2023. Grant revenue totaled $3.1 million while product revenue totaled $0.8 million Operating expenses of $43.0 million decreased by 5.2% from the prior year due to higher expenses in 2023 related to platform development and regulatory submission preparation Operating loss of $40.1 million compared to operating loss of $42.7 million in 2023 Net loss of $37.6 million , compared to net loss of $35.3 million in the prior year, representing a loss of per fully diluted share, compared to a loss of per fully diluted share in the prior year Adjusted EBITDA loss of $33.5 million Cash, cash equivalents, and marketable securities of $29.7 million as of December 31, 2024 Full Year 20 Show less Read more
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