Co-Diagnostics Past Earnings Performance
Past criteria checks 2/6
Co-Diagnostics has been growing earnings at an average annual rate of 64.5%, while the Medical Equipment industry saw earnings growing at 4.2% annually. Revenues have been growing at an average rate of 71.7% per year. Co-Diagnostics's return on equity is 19.4%, and it has net margins of 35.8%.
Key information
64.5%
Earnings growth rate
62.2%
EPS growth rate
| Medical Equipment Industry Growth | 4.3% |
| Revenue growth rate | 71.7% |
| Return on equity | 19.4% |
| Net Margin | 35.8% |
| Next Earnings Update | 10 Nov 2022 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Co-Diagnostics makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 22 | 78 | 28 | 22 | 16 |
| 31 Mar 22 | 101 | 40 | 26 | 17 |
| 31 Dec 21 | 98 | 37 | 25 | 15 |
| 30 Sep 21 | 105 | 42 | 25 | 14 |
| 30 Jun 21 | 96 | 46 | 21 | 9 |
| 31 Mar 21 | 93 | 51 | 15 | 5 |
| 31 Dec 20 | 75 | 42 | 13 | 3 |
| 30 Sep 20 | 48 | 28 | 9 | 2 |
| 30 Jun 20 | 26 | 10 | 7 | 2 |
| 31 Mar 20 | 2 | -6 | 5 | 1 |
| 31 Dec 19 | 0 | -6 | 5 | 1 |
| 30 Sep 19 | 0 | -6 | 5 | 1 |
| 30 Jun 19 | 0 | -6 | 5 | 1 |
| 31 Mar 19 | 0 | -6 | 5 | 1 |
| 31 Dec 18 | 0 | -6 | 5 | 1 |
| 30 Sep 18 | 0 | -6 | 5 | 1 |
| 30 Jun 18 | 0 | -8 | 5 | 1 |
| 31 Mar 18 | 0 | -8 | 4 | 1 |
| 31 Dec 17 | 0 | -7 | 4 | 1 |
| 30 Sep 17 | 0 | -6 | 3 | 1 |
| 30 Jun 17 | 0 | -3 | 1 | 1 |
| 31 Mar 17 | 0 | -2 | 1 | 1 |
| 31 Dec 16 | 0 | -2 | 1 | 1 |
| 30 Sep 16 | 0 | -2 | 1 | 1 |
| 31 Dec 15 | 0 | -2 | 1 | 1 |
Quality Earnings: C97 has high quality earnings.
Growing Profit Margin: C97's current net profit margins (35.8%) are lower than last year (48%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: C97 has become profitable over the past 5 years, growing earnings by 64.5% per year.
Accelerating Growth: C97's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: C97 had negative earnings growth (-39.4%) over the past year, making it difficult to compare to the Medical Equipment industry average (3.3%).
Return on Equity
High ROE: C97's Return on Equity (19.4%) is considered low.