Announcement • Jun 02
Co-Diagnostics and Cosara Advance Ebola Pcr Test Development and Co-Dx Pcr Point-Of-Care Platform Capabilities Co-Diagnostics, Inc. announced continued progress in its Ebola PCR development program with joint venture CoSara Diagnostics Pvt. Ltd. The program includes development of both a pan-Ebola assay designed to rapidly detect multiple ebolavirus species and a multiplex assay capable of differentiating among Sudan, Taï Forest, Zaire, and Bundibugyo ebolaviruses currently associated with outbreaks in Central Africa. This dual-assay strategy is intended to provide flexibility in supporting outbreak response efforts, including those of potential NGO partners, subject to future development, validation, regulatory review, and deployment requirements. The Ebola PCR assay workflow configurations also being developed to support point-of-care environments for the Co-Dx PCR point-of-care platform would represent the first blood-based pathogen assay designed for use on the Co-Dx PCR Pro. This would significantly expand the platform's capabilities beyond swab-based infectious disease testing and increase the range of potential applications that may be addressed through future menu expansion. Many of the world's most serious infectious diseases are identified using blood samples, and expanding the platform to support those applications would represent an important step forward for Co-Diagnostics. The ability to bring rapid, high-quality PCR testing closer to patients, whether through respiratory, tuberculosis, HPV, or blood-borne disease applications, supports the broader goal of making molecular diagnostics more accessible in both developed and emerging markets. The Co-Dx PCR platform (including the PCR Home, PCR Pro, mobile app, and all associated tests) is subject to review by the FDA and/or other regulatory bodies and is not yet available for sale. Announcement • May 26
Co-Diagnostics Advances Ebola Pcr Assay Development Strategy with Joint Venture Cosara Co-Diagnostics, Inc. has advanced the PCR assay development strategy for the Bundibugyo virus ("BDBV") currently causing an outbreak of Ebola disease in the Democratic Republic of the Congo ("DRC") and Uganda, with the support of CoSara Diagnostics Pvt. Ltd. ("CoSara" or the "JV"), the Indian joint venture between Co-Dx and Ambalal Sarabhai Enterprises Limited ("ASE Group"). The joint assay development strategy is expected to more rapidly address the needs of the international community if the current outbreak expands globally, or if localized governmental or non-governmental support is needed in the areas of DRC and Uganda. CoSara's regional manufacturing and operational capabilities may support rapid deployment initiatives in certain international markets, subject to applicable regulatory requirements. The proposed development program includes evaluation of both BDBV-specific and pan-Ebola assay configurations designed to detect multiple ebolavirus species. The Company is also evaluating workflow configurations intended to support point-of-care and decentralized testing environments for the Co-Dx PCR point-of-care platform. The Co-Dx PCR platform (including the PCR Home®, PCR Pro®, mobile app, and all associated tests) is subject to review by the FDA and/or other regulatory bodies and is not yet available for sale. On May 25, the World Health Organization ("WHO") reported that the outbreak of Ebola disease caused by BDBV, which the WHO Director-General declared a public health emergency of international concern ("PHEIC") on May 17, 2026, has resulted in more than 900 suspected cases and 220 suspected deaths, and that the epidemic is currently outpacing response operations. Announcement • May 21
Co-Diagnostics Inc Develops Ebola Assay Strategy Co-Diagnostics, Inc. has completed the assay development strategy for the Bundibugyo virus ("BDBV") currently causing an outbreak of Ebola disease in the Democratic Republic of the Congo and Uganda. On May 17, WHO declared an outbreak of Ebola disease caused by BDBV as a public health emergency of international concern ("PHEIC"). As of May 17, eight laboratory-confirmed cases, 246 suspected cases, and 80 suspected deaths have been reported in the Democratic Republic of the Congo, along with two laboratory-confirmed cases and one reported death in Uganda. The announcement also follows recent guidance from the U.S. Centers for Disease Control and Prevention ("CDC") regarding enhanced screening and monitoring measures for travelers arriving from regions impacted by Ebola outbreaks. According to the CDC, these measures include increased traveler monitoring, contact tracing coordination, and enhanced hospital preparedness efforts, underscoring the importance of rapid testing and real-time outbreak visibility in responding to emerging infectious disease threats. The Co-Dx PCR platform (including the PCR Home, PCR Pro, mobile app, and all associated tests) is subject to review by the FDA and/or other regulatory bodies and is not yet available for sale. Announcement • May 20
Co-Diagnostics, Inc. announced that it expects to receive $3 million in funding Co-Diagnostics, Inc. announced that it has entered into a securities purchase agreement with certain institutional investors to sell an aggregate of 1,647,447 shares of common stock (or pre-funded warrants in-lieu thereof), together with warrants to purchase up to an aggregate 3,294,894 shares of common stock, in a private placement priced at-the-market under Nasdaq rules for gross proceeds of $3,000,000 on May 19, 2026. The combined effective offering price for each share of common stock (or pre-funded warrant in-lieu thereof) and accompanying warrants to be issued is $1.821. The warrants will have an exercise price of $1.571 per share, will be exercisable immediately upon issuance, and will expire five years from the date of issuance. The Offering is expected to close on or about May 21, 2026, subject to the satisfaction of customary closing conditions. The offer and sale of the foregoing securities are being made in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), and/or Regulation D promulgated thereunder, and the securities have not been registered under the Securities Act or applicable state securities laws. Accordingly, the securities may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. The Company has agreed to file a registration statement with the Securities and Exchange Commission registering the resale of the securities purchased in the private placement. Announcement • Apr 30
Co-Diagnostics, Inc. to Report Q1, 2026 Results on May 14, 2026 Co-Diagnostics, Inc. announced that they will report Q1, 2026 results After-Market on May 14, 2026 Announcement • Apr 15
Co-Diagnostics, Inc. Showcases Co-Dx Pcr Platform and Ce-Ivd Solutions At Escmid Global 2026 in Munich, Germany Co-Diagnostics, Inc. announced it will participate in the Congress of the European Society of Clinical Microbiology and Infectious Disease ESCMID Global 2026, taking place April 17-21 in Munich, Germany. ESCMID Global 2026 features academic and industry programming that brings together clinical microbiology and infectious diseases leaders dedicated to advancing scientific, education, research and technologies. Prior ESCMID Global events have historically attracted more than 16,000 registrants, nearly a third of which originated from outside of Europe, underscoring its role as the premier global forum for the infectious disease community. Company representatives look forward to establishing and strengthening relationships with new and existing customers and distributors from around the world while also showcasing the Company's suite of CE-IVD testing solutions for clinical laboratories, as well as the upcoming Co-Dx PCR platform. Registrants interested in learning more about Co-Diagnostics are invited to visit Booth #G55. The Co-Dx PCR platform (including the PCR Home®, PCR Pro®, mobile app, and all associated tests) is subject to review by the FDA and/or other regulatory bodies and is not yet available for sale. Announcement • Mar 17
Co-Diagnostics, Inc. to Report Q4, 2025 Results on Mar 31, 2026 Co-Diagnostics, Inc. announced that they will report Q4, 2025 results After-Market on Mar 31, 2026 Announcement • Jan 16
Co-Diagnostics, Inc.(OTCPK:CODX) dropped from S&P TMI Index Co-Diagnostics, Inc.(OTCPK:CODX) dropped from S&P TMI Index Announcement • Dec 18
Co-Diagnostics Performs Analysis of Influenza Co-Primers®? to Confirm Reactivity Against Flu A H3n2 Mutation Co-Diagnostics, Inc. announced that it has performed an in silico analysis of the Co-Primers®? used in its Logix Smart®? ABC test for the detection of influenza A, influenza B and COVID-19. The analysis showed a high homology against 3,900 influenza sequences, confirming comparable reactivity of the primer sets against the influenza A H3N2 subclade K. According to the World Health Organization, seasonal influenza causes approximately 3-5 million cases of severe illness annually, resulting in 290,000-650,000 respiratory fatalities. This year's flu vaccine is observed with subclade K (or "J.2.4.1"), which has limited natural immunity within communities. influenza A subtype H3N2 has historically been associated with higher rates of hospitalization and death, and preliminary data has already linked subclade K to countries like Japan and the United Kingdom experiencing earlier than usual flu seasons in 2025, following Australia reporting a record flu season. In November 2020, the Logix Smart ABC test received CE-marking for the simultaneous detection of and differentiation of influenza A, influenza B, and SARS-CoV-2, the virus that causes COVID-19. The in silico analysis concluded that there is no concern that any emerging H3N2 strains would affect the test kit's sensitivity. The Logix Smart ABC test is intended for use by qualified and trained clinical laboratory personnel. In November 2025, the Company announced that it had initiated clinical performance testing for the Co-Dx PCR Flu A/B, COVID-19, RSV point-of-care upper-respiratory multiplex test, which is intended to support a submission to the U.S. Food and Drug Administration (FDA) for 510(k) clearance. Similar to the Logix Smart test, the flu A targets in this test are not expected to be affected by H3N2 subclades K. This test is not approved or cleared by the U.S. Food & Drug Administration (FDA). It is for export only and is not for sale in the United States. The Co-Dx PCR platform (including the Co-Dx PCR Home™?, Co-Dx PCR Pro™?, mobile app, and all associated tests and software) is subject to review by the FDA and/or other regulatory bodies and is not available for sale. Board Change • Nov 26
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. Chairman of Scientific Advisory Board Carl Wittwer was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Nov 19
Co-Diagnostics Initiates Clinical Evaluations for Upper Respiratory Multiplex Point-of-Care Test on Co-Dx™? PCR Platform to Support Submission to the U.S. FDA Co-Diagnostics, Inc. announced that it has begun clinical evaluations for its Co-Dx™? PCR Flu A/B, COVID-19, RSV Test Kit. The clinical performance testing is expected to support a submission to the United States Food and Drug Administration ("FDA") for 510(k) clearance of the upper respiratory multiplex point-of-care test, and the Co-Dx PCR Pro™? instrument. Reported Earnings • Nov 15
Third quarter 2025 earnings released: US$0.15 loss per share (vs US$0.32 loss in 3Q 2024) Third quarter 2025 results: US$0.15 loss per share (improved from US$0.32 loss in 3Q 2024). Net loss: US$5.89m (loss narrowed 39% from 3Q 2024). Revenue is forecast to grow 71% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Medical Equipment industry in Germany. New Risk • Nov 10
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$36m Forecast net loss in 1 year: US$31m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$31m net loss next year). Revenue is less than US$5m (US$1.0m revenue). Market cap is less than US$100m (€21.1m market cap, or US$24.4m). Announcement • Oct 31
Co-Diagnostics, Inc. to Report Q3, 2025 Results on Nov 13, 2025 Co-Diagnostics, Inc. announced that they will report Q3, 2025 results After-Market on Nov 13, 2025 Announcement • Oct 30
Co-Diagnostics, Inc. has completed a Follow-on Equity Offering in the amount of $6.999927 million. Co-Diagnostics, Inc. has completed a Follow-on Equity Offering in the amount of $6.999927 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 12,002,272
Price\Range: $0.55
Discount Per Security: $0.0385
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 725,000
Price\Range: $0.5499
Discount Per Security: $0.0385
Transaction Features: Registered Direct Offering Board Change • Oct 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. Chairman of Scientific Advisory Board Carl Wittwer was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Oct 28
Co-Diagnostics, Inc. has filed a Follow-on Equity Offering in the amount of $7 million. Co-Diagnostics, Inc. has filed a Follow-on Equity Offering in the amount of $7 million.
Security Name: Common Stock
Security Type: Common Stock
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Transaction Features: Registered Direct Offering Announcement • Oct 21
Co-Diagnostics, Inc. has filed a Follow-on Equity Offering in the amount of $4.086645 million. Co-Diagnostics, Inc. has filed a Follow-on Equity Offering in the amount of $4.086645 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 4,086,645
Price\Range: $1
Transaction Features: At the Market Offering Announcement • Oct 16
Co-Diagnostics, Inc. Announces Development of Proprietary Sample Prep Instrument for PoC Testing Co-Diagnostics, Inc. announced the development of a proprietary sample preparation instrument designed to streamline and simplify the workflow for its point-of-care (PoC) Co-Dx PCR Mycobacterium Tuberculosis (MTB) Test. The new instrument has been engineered to deliver a low-cost, user-friendly solution for sample processing in resource-limited PoC and near-PoC settings, supporting both sputum and the novel tongue swab sample collection used in the Company's upcoming MTB test, which is expected to begin clinical evaluations in India before year-end. The single-button operation and no need for measurement or dispensing tools enable rapid sample prep with minimal training, while incorporating a built-in safety feature to inactivate live organisms in the sample and help protect test operators. Breakeven Date Change • Oct 02
No longer forecast to breakeven The 2 analysts covering Co-Diagnostics no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$24.9m in 2027. New consensus forecast suggests the company will make a loss of US$20.3m in 2027. Announcement • Sep 19
Co-Diagnostics, Inc. has completed a Follow-on Equity Offering in the amount of $3.8476 million. Co-Diagnostics, Inc. has completed a Follow-on Equity Offering in the amount of $3.8476 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 9,619,000
Price\Range: $0.4
Discount Per Security: $0.028
Transaction Features: Registered Direct Offering Announcement • Sep 11
Co-Diagnostics, Inc. Performs Analysis of Chikungunya Co-Primers to Confirm Reactivity Against Known Virus Strains Co-Diagnostics, Inc. announced that it has performed an in silico analysis of the primers sets used in its Co-Primers-based PCR tests for the detection of chikungunya virus (or "CHIKV"), showing a high homology against over 1,200 CHIKV sequences and confirming reactivity of the CHIKV primers against known recent strains of the virus. As of July, there have been nearly 250,000 cases and 90 deaths from CHIKV worldwide, primarily concentrated in South America, but also found in countries across Africa, Asia and Europe. An estimated 5.6 billion people currently live in at-risk areas across 119 countries as warming trends contribute to expanded regions for the mosquitoes that can carry CHIKV. Chikungunya imposes a significant economic burden, especially in low- and middle-income countries. Long-term consequences for the patient are also common, particularly joint pain that can be debilitating, with 40% of people contracting chronic chikungunya arthritis, leading to the pain lasting months or even years according to the Mayo Clinic. Less common complications include auto-immune disorders and chronic fatigue. The Co-Diagnostics Logix Smart®? ZDC Test received CE-marking regulatory clearance in 2019 to be sold as an in vitro diagnostic ("IVD") for the viruses that cause Zika, dengue and chikungunya. The test functions via the Company's patented Co-Primers technology and a single-step reverse transcriptase real-time PCR process to detect and differentiate between the viral RNA of Zika, dengue (all 4 serotypes), and chikungunya in blood drawn from patients. It is available for markets that accept CE-marking as valid regulatory clearance, pending local product registration requirements. Differentiating CHIKV cases from other infections with similar symptoms, such as dengue, helps physicians avoid administering certain pain and fever medications that can increase risk of bleeding and be life-threatening in patients with severe dengue infections. As an arbovirus spread by mosquitoes, accurate diagnosis is also vital to indicate to an infected patient that they should take additional precautions to limit contact with mosquitoes, to prevent further spread of the virus. Co-Dx also offers its Co-Primers-based environmental use only Vector Smart VZDC Test to mosquito abatement districts ("MADs"), as part of its suite of vector control tests used by around 30 MADs across approximately 20 U.S. states to identify pathogens such as Zika, dengue, chikungunya, West Nile virus, St. Louis encephalitis, and Eastern and Western equine encephalitis in mosquito pools. The Vector Smart VZDC Test CHIKV primer sets are the same as those used in the Logix Smart ZDC test. Co-Diagnostics Indian joint venture CoSara Diagnostics Pvt Ltd. received clearance in October 2021 by Indian authorities to manufacture and sell its SaraGene Dengue and Chikungunya Multiplex RT-PCR test as an IVD, which is also built on the Company's Co-Primers platform technology. This product is for export only and is not for sale in the United States. Announcement • Jul 31
Co-Diagnostics, Inc. to Report Q2, 2025 Results on Aug 14, 2025 Co-Diagnostics, Inc. announced that they will report Q2, 2025 results After-Market on Aug 14, 2025 Announcement • Apr 29
Co-Diagnostics, Inc. to Report Q1, 2025 Results on May 08, 2025 Co-Diagnostics, Inc. announced that they will report Q1, 2025 results After-Market on May 08, 2025 Announcement • Apr 16
Co-Diagnostics, Inc., Annual General Meeting, May 28, 2025 Co-Diagnostics, Inc., Annual General Meeting, May 28, 2025. Location: company s offices located at 2401 s. foothilldr, ste. d, slc, utah 84109, United States Announcement • Mar 13
Co-Diagnostics, Inc. to Report Q4, 2024 Results on Mar 27, 2025 Co-Diagnostics, Inc. announced that they will report Q4, 2024 results After-Market on Mar 27, 2025 Announcement • Mar 07
Co-Diagnostics, Inc. Wins Dismissal of Class Action Lawsuit Co-Diagnostics, Inc. announced that on March 4, 2025, the Securities & Governance Litigation Team at BakerHostetler, the legal firm retained to represent the Company, won complete dismissal on summary judgment of a Section 10(b) securities class action that had been pending against the Company in the United States District Court for the District of Utah. On June 15, 2020, Plaintiff Gelt Trading Ltd. filed a securities class action against Co-Diagnostics, Inc. and certain of the Company's current and former directors and officers alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.At issue was the Company's May 1, 2020, press release, which disclosed, among other things, that the Company's Logix Smart® COVID-19 test demonstrated "100% sensitivity and 100% specificity"—well-defined scientific metrics—across independent evaluations. Plaintiff alleged that the May 1 press release was false and/or misleading because it conveyed to investors that the Logix Smart test was "100% accurate" (i.e., perfect), allegedly causing the Company's stock price to be artificially inflated. Plaintiff alleged that this artificial inflation was removed, and investors suffered losses, when the Company's stock price dropped on May 15 following three disclosures that allegedly revealed the May 1 press release to be false ("Alleged Corrective Disclosures"). BakerHostetler was retained to replace prior counsel after the motion to dismiss was denied and the case was in the early phases of discovery. On summary judgment, BakerHostetler argued that Plaintiff could not establish any genuine issue of material fact supporting liability as to any element of its Section 10(b) claim—falsity, scienter, reliance, loss causation, or damages. BakerHostetler also argued that Plaintiff's experts' testimony—which related to clinical testing and loss causation—should be excluded on summary judgment under Daubert. On March 4, 2025, after oral argument, the Court granted Defendants' Daubert motion to exclude the testimony of Plaintiff's loss causation expert and granted summary judgment for Defendants, concluding that Plaintiff could not demonstrate loss causation. The Court held that none of the three Alleged Corrective Disclosures actually "corrected" the May 1 press release, either because they did not discuss the Company's Logix Smart test, or because the allegedly contradictory information was long known to the market and already baked into the Company's stock price. Accordingly, Plaintiff could not establish that the May 1 press release was the cause of Plaintiff's or the class's losses. Having reached this conclusion, the Court declined to address the other summary judgment arguments or Daubert motions. The Company regards this dismissal as a tremendous victory and is optimistic about its chances of prevailing in any appeal Plaintiff might file. The Company looks forward to putting the matter behind it, as it moves ahead with its mission of increasing the availability of high-quality molecular diagnostics on a global scale. Announcement • Feb 22
Co-Diagnostics, Inc. Announces Intention to Submit Enhanced Version of COVID-19 Test to FDA for 510(k) Clearance Co-Diagnostics, Inc. announced that, following a collaborative and informative dialogue with the Food and Drug Administration (FDA), the Company has withdrawn its 510(k) application to the FDA for its Co-Dx™ PCR COVID-19 Test on the PCR Pro™*, in favor of submitting an enhanced version of the test for 510(k) clearance. Co-Dx is pleased with the productive engagement with the FDA related to the initial regulatory submission and with the performance of the test in clinical evaluations, including performance data and functionality of the instrument. The decision by the Company to withdraw the submission was based on discussions with the FDA regarding the ability to detect a potential deterioration of one component of the test, related to shelf-life stability. Following dialogue with the FDA and exploring the various courses of action available, Co-Dx has determined that the best long-term solution would be to submit a version of the test that has been enhanced to address the matter raised in the 510(k) review process. The Company plans to submit the next iteration of the Co-Dx PCR COVID-19 test for 510(k) OTC clearance, following the collection of clinical evaluation data to support the new test's performance. A new submission also allows the Company to incorporate more recent Co-Dx PCR platform developments into the COVID-19 test, which Co-Dx believes will also help to create greater operational and manufacturing efficiencies, such as consolidating manufacturing processes to utilize the next generation of test kits and instruments across all tests on the at-home and point-of-care platform. The Company's primary objective is to execute a robust development and commercialization plan for the Co-Dx PCR platform, including ongoing innovations to the PCR Pro instrument. The Co-Dx PCR COVID-19 test is expected to be followed by additional tests for tuberculosis, upper-respiratory multiplex, and a multiplex HPV test, among others. Announcement • Jan 11
Co-Diagnostics Receives a Notice from Nasdaq Listing Qualifications Department of the Nasdaq Stock Market On January 10, 2025, Co-Diagnostics, Inc. received a notice from Nasdaq Listing Qualifications department of the Nasdaq Stock Market LLC (“Nasdaq”) stating that the closing bid price of the Company’s common stock for the last 30 consecutive business days had closed below the minimum $1.00 per share required for continued listing under Listing Rule 5550(a)(2). The Company has a period of 180 calendar days, or until July 9, 2025 (the “Compliance Date”), to regain compliance with Listing Rule 5550(a)(2). To regain compliance, the bid price of the Company’s common stock must close at $1 or more for a minimum of ten consecutive business days before the Compliance Date. The Nasdaq notification letter does not result in the immediate delisting of the Company’s common stock, and the stock will continue to trade uninterrupted on the The Nasdaq Capital Market under the symbol “CODX”. If the Company does not regain compliance with Rule 5550(a)(2) by the Compliance Date, the Company may be eligible for additional time. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements, the Staff will inform the Company that it has been granted an additional 180 calendar days. However, if it appears to the Staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, the Staff will provide notice that its securities will be subject to delisting. Announcement • Oct 26
Co-Diagnostics, Inc. to Report Q3, 2024 Results on Nov 07, 2024 Co-Diagnostics, Inc. announced that they will report Q3, 2024 results After-Market on Nov 07, 2024 Announcement • Jul 25
Co-Diagnostics, Inc. to Report Q2, 2024 Results on Aug 08, 2024 Co-Diagnostics, Inc. announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 Announcement • Jul 17
Co-Diagnostics, Inc., Annual General Meeting, Aug 29, 2024 Co-Diagnostics, Inc., Annual General Meeting, Aug 29, 2024. Announcement • Jun 15
Co-Diagnostics, Inc. Submits First FDA 510(k) Application for Co-Dx PCR Pro Platform Co-Diagnostics, Inc. announced that the Company has completed its first U.S. Food and Drug Administration (FDA) application for 510(k) clearance for the Co-Dx PCR Pro instrument, and the Co-Dx PCR COVID-19 Test for over-the-counter (OTC) use. Co-Diagnostics completed the submission via the FDA's electronic Submissions Template And Resource (eSTAR) system, and have received the acknowledgement from the FDA that the 510(k) application was received. eSTAR serves as a comprehensive resource for medical device manufacturers to standardize and consolidate the necessary information and links needed for 510(k) submission preparation. The Co-Dx PCR platform has been designed to help close the access gap for infectious disease diagnosis by facilitating the widespread decentralization of gold-standard PCR diagnostics, which have historically only been found in high-complexity clinical laboratories. It consists of a compact and robust real-time PCR instrument operated at point-of-care or in at-home settings via an intuitive smartphone interface, with test cups powered by patented Co-Primers technology. The Company is also preparing to shortly pursue clearance for the Co-D x PCR COVID-19 test on the new instrument, to be used for point-of-care testing (POCT). Other diagnostics for the platform in varying stages of development or preparation for clinical evaluations include tests for tuberculosis, human papillomavirus, strep A, and a respiratory multiplex that detects influenza A and B, COVID-19 and RSV in a single test. The Co-Dx PCR platform (including the PCR Home, PCR Pro, mobile app, and all associated tests) is subject to review by the FDA and/or other regulatory bodies and is not yet available for sale. The Co-Dx PCR Pro instrument and Co-Dx COVID-19 Test are currently under review by the FDA. Announcement • Apr 27
Co-Diagnostics, Inc. to Report Q1, 2024 Results on May 09, 2024 Co-Diagnostics, Inc. announced that they will report Q1, 2024 results After-Market on May 09, 2024 Announcement • Apr 04
Co-Diagnostics, Inc. Appoints Executive Appointments Co-Diagnostics, Inc. appointed David Nielsen to be its Chief Operations Officer (COO), Christopher Thurston as its Chief Technology Officer (CTO), and Seth Egan as Chief Commercialization Officer (CCO). David Nielsen (COO) previously held the role of COO for Idaho Molecular, also acquired by Co-Dx in 2021, and has worked in concert with Advanced Conceptions and Co-Dx to help guide the development of the Company's new platform since that time. Including his time at Idaho Molecular, Mr. Nielsen has over 25 years of R&D technical and leadership experience, primarily at BioFire and BioFire Defense, filling various key roles which also included managing and coordinating the FilmArray diagnostic system throughout development and launch as the VP of Product Development. David earned both a Master of Science and M.B.A. from the University of Utah. As COO, David will leverage his experience to help lead Co-Dx's product development and manufacturing processes. Christopher Thurston's (CTO) distinguished career has included decades of experience serving as senior developer and architect of software platforms for companies including Ernst and Young, BioFire Defense, and BioMerieux, demonstrating his expertise in big-data solutions. Following his experience in executive positions at several startups, Christopher co-invented the Co-Dx PCR platform at Idaho Molecular, pursuing his passion for democratizing access to PCR diagnostics though technological innovation. Mr. Thurston's technology expertise will be significant in the advancement of Co-Dx's platform and tests. Seth Egan (CCO) has been with Co-Dx since its inception, leading the Company's sales, marketing and product commercialization efforts from the beginning, including managing the sales team as it sold approximately 35M Logix Smart® tests to centralized laboratories in more than 50 countries since the beginning of the pandemic. Mr. Egan has operated in many key capacities for the Company and continues to play an important role helping to oversee the relationship with CoSara Diagnostics, the Co-Dx joint venture in India. He holds a Bachelor of Science in Business Communications from Utah Valley University. Mr. Egan will play a crucial role as CCO in driving the Co-Dx PCR platform's commercialization efforts. Announcement • Mar 01
Co-Diagnostics, Inc. to Report Q4, 2023 Results on Mar 14, 2024 Co-Diagnostics, Inc. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Mar 14, 2024 Announcement • Dec 27
Co-Diagnostics, Inc. Completes Submission to FDA for Co-Dx PCR Pro Co-Diagnostics, Inc. announced that it has submitted its Co-Dx™? PCR COVID-19 test with Co-Dx PCR Pro™? instrument for review by the U.S. Food and Drug Administration (FDA) for Emergency Use Authorization (EUA). The submission includes the PCR Pro instrument, COVID-19 detection test, and mobile app, all designed for use in point-of-care and at-home settings. Tests run on the new platform use the Company's patented real-time polymerase chain reaction (PCR) Co-Primers™? technology. The Co-Dx COVID-19 test kit for the PCR Pro instrument included in the Company's FDA submission has been shown in clinical evaluations to detect the presence of COVID-19 in anterior nasal swab samples, with results displayed on the user's smartphone or mobile device in approximately 30 minutes. The menu of future tests that are currently in development for the new platform includes tuberculosis (TB) and human papillomavirus (HPV), as well as an upper respiratory multiplex panel that will detect influenza A/B, COVID-19, and respiratory syncytial virus (RSV) within a single sample. All three tests have also been the subject of grant support by notable funding bodies over the last half of this year. Announcement • Oct 27
Co-Diagnostics, Inc. to Report Q3, 2023 Results on Nov 09, 2023 Co-Diagnostics, Inc. announced that they will report Q3, 2023 results After-Market on Nov 09, 2023 Announcement • Aug 30
Co-Diagnostics, Inc. Appoints Ivory Chang as Chief Regulatory Affairs Officer Co-Diagnostics, Inc. announced the appointment of Ivory Chang as the Company's Chief Regulatory Affairs Officer. Ms. Chang's in-depth regulatory affairs experience has included time spent with several notable names in the diagnostics industry, including Roche, Boston Scientific, BD Biosciences, Cepheid, Thermo Fisher Scientific, and more. Her background has involved regulatory and registration submissions to major regulatory bodies around the world for infectious disease, oncology, point-of-care, in vitro diagnostics (IVD), and software diagnostic products. Announcement • Jul 29
Co-Diagnostics, Inc. to Report Q2, 2023 Results on Aug 10, 2023 Co-Diagnostics, Inc. announced that they will report Q2, 2023 results After-Market on Aug 10, 2023 Announcement • Jul 23
Co-Diagnostics, Inc., Annual General Meeting, Aug 30, 2023 Co-Diagnostics, Inc., Annual General Meeting, Aug 30, 2023, at 10:00 Mountain Standard Time. Agenda: To elect the two (2) Class II director nominees, each of whom are currently serving on company's board of directors, each to serve until the 2026 annual meeting of shareholders or until their successors are duly elected and qualified, or until his or her earlier death, resignation, or removal; to approve, on an advisory basis, the compensation of the Company’s named executive officers; to ratify the appointment of Tanner LLC as our independent registered public accounting firm for the fiscal year ending December 31, 2023; and to consider other business matters. Announcement • Jul 14
Co-Diagnostics, Inc. Receives Funding for Co-Dx PCR Home Platform from NIH RADx Tech Program Co-Diagnostics, Inc. announced that it has been awarded $1.2 million in funding from the National Institutes of Health (NIH) as part of the Rapid Acceleration of Diagnostics (RADx®) Tech program for completion of its upcoming upper respiratory panel on the Company's Co-Dx PCR Home™ testing platform. Co-Diagnostics will utilize the funds from the RADx Tech award to complete development of its flu A/B, COVID-19, and RSV multiplex test, preparatory for that test to begin clinical trials on the Co-Dx PCR Home. The Co-Dx PCR Home is currently undergoing clinical evaluations in anticipation of its submission to the FDA and an initial product launch for a COVID-19 test. This project has been funded in part with federal funds from the National Institute of Biomedical Imaging (NIBIB), National Institutes of Health, Department of Health and Human Services, under Contract No. 75N92023D00001. The Co-Dx PCR Home testing platform and its associated tests are subject to FDA review and are not available for sale. Announcement • May 06
Co-Diagnostics, Inc. to Report Q1, 2023 Results on May 11, 2023 Co-Diagnostics, Inc. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on May 11, 2023 Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorated over the past week After last week's 32% share price decline to €4.20, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 36x in the Medical Equipment industry in Germany. Reported Earnings • Aug 12
Second quarter 2022 earnings released: US$0.083 loss per share (vs US$0.34 profit in 2Q 2021) Second quarter 2022 results: US$0.083 loss per share (down from US$0.34 profit in 2Q 2021). Revenue: US$5.02m (down 82% from 2Q 2021). Net loss: US$2.69m (down 127% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 8.2%, compared to a 7.5% growth forecast for the industry in Germany. Board Change • Jul 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 3 experienced directors. 1 highly experienced director. Chairman, CEO & President Dwight Egan is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.