Co-Diagnostics, Inc. CODX

1.09 (0.06) (5.22%) as of 25 Sep
Market cap
$8.3M
P/E
0.0×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios

Market Cap 8.28
Revenue 0.72
Net Income (47.06)
Free Cash Flow (27.47)
Net Debt (3.65)
Current Ratio 1.81
Debt/Equity 0.00
P/E ratio 0.00
P/S ratio 6.51
P/B ratio 0.37
Past 5Y EPS Growth (27.40%)
This Y EPS Growth 91.21%
Next Y EPS Growth 73.23%
Next 5Y EPS Growth 80.05%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 59 30 12 4
Receivables 0 0 0 0
Inventory 2 1 1 1
Other — — — —
62 32 14 5
2023 2024 2025 Q'26
Payables 1 3 2 1
ST’ Debt — — — —
Other 1 1 0 0
6 7 4 3
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — (61.60%) (73.70%)
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — (20.92%) (43.52%)

Revenue

Mar Jun Sep Dec Year
’26 0 0 — — —
’25 0 0 0 0 1
’24 0 3 1 0 4
’23 1 0 2 4 7
’22 23 5 5 1 34
’21 20 27 30 20 98
’20 2 24 22 27 75
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (8) (7) — — —
’25 (9) (8) (6) (6) (29)
’24 (8) (5) (7) (8) (29)
’23 (6) (6) (6) (5) (22)
’22 8 2 1 (4) 7
’21 12 12 12 5 41
’20 (1) 1 9 20 28
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (8) (7) — — —
’25 (9) (9) (6) (6) (30)
’24 (9) (5) (7) (8) (30)
’23 (6) (6) (6) (5) (23)
’22 7 1 1 (4) 5
’21 12 12 11 5 40
’20 (1) 1 8 19 27
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (4.06) (1.46) — — —
’25 (7.21) (6.91) (4.80) (16.53) (35.25)
’24 (9.31) (7.51) (9.61) (10.81) (37.24)
’23 (6.01) (9.31) (6.01) (15.01) (36.04)
’22 10.21 (2.40) (1.20) (20.42) (13.51)
’21 7.81 9.91 11.41 7.51 36.94
’20 (1.50) 12.91 15.92 12.91 45.65
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— 70.50 33.30 20.82 26.40 210.30 67.80 29.25 20.10 4.98

Analyst estimates 2026–2028

Powerpack
Low Price
— 205.50 199.80 113.10 929.70 620.55 303.30 99.90 66.90 46.50
High Price
— 15 20 23 37 101 145 155 132 115
Employees
— 0 0 0 2 1 0 0 0 0
Revenue/Emp
— 0 0 0 75 98 34 7 4 1
Revenue
0.00% 96.10% 76.44% 47.67% 77.75% 88.18% 83.98% 38.57% 74.48% 64.27%
Gross Margin
(2) (7) (6) (6) 43 46 (19) (38) (38) (49)
EBT
0.00% (90,379.22%) (15,718.55%) (2,881.67%) 57.10% 46.62% (55.08%) (559.46%) (959.89%) (7,793.08%)
EBT Margin
(2) (7) (6) (6) 42 37 (14) (35) (38) (47)
Net Income
0 0 0 0 0 0 17 1 1 1
Depreciation
0.00 0.02 0.10 0.39 83.79 101.81 32.64 6.97 3.87 0.47
Revenue/Sh
(5.86) (19.07) (14.57) (10.81) 47.75 38.14 (13.51) (36.04) (37.24) (35.25)
Earnings/Sh
(3.99) (8.80) (9.81) (9.90) 31.65 42.73 6.27 (22.60) (28.83) (21.90)
Cash Flow/Sh
(0.04) (0.35) (0.10) (0.20) (0.87) (0.70) (1.36) (1.40) (0.74) (0.53)
Capex/Sh
(4.02) (9.15) (9.91) (10.10) 30.78 42.03 4.90 (23.99) (29.57) (22.43)
Free CF/Sh
(9.10) 10.55 (2.55) 3.11 74.96 139.86 109.24 88.02 53.28 15.51
Book Value/Sh
0 0 0 1 1 1 1 1 1 1
Shares
— 0.00 0.00 0.00 6.50 6.97 0.00 0.00 0.00 0.00
PE Ratio
— 0.00 465.82 69.69 3.33 2.63 2.33 6.11 5.81 10.83
PS Ratio
— 7.85 0.00 8.62 3.72 1.92 0.69 0.48 0.42 0.33
PB Ratio
— 0.00 442.01 65.53 2.70 1.71 (0.05) (2.48) (1.79) (8.26)
EV/Sales
— (7.99) (4.28) (2.48) 7.34 4.15 (0.33) 0.72 0.23 0.17
EV/FCF
(1) (3) (4) (6) 28 41 7 (22) (29) (29)
Op' Cash Flow
0 0 0 0 (1) (1) (1) (1) (1) (1)
Capex
(1) (3) (4) (6) 27 40 5 (23) (30) (30)
FCF
(3) 4 (1) 1 64 103 89 56 25 10
Working Cap'
0 — 2 — — — 0 — — —
Total Debt
(1) (4) (1) (1) (47) (90) (81) (59) (30) (12)
Net Debt
(3) 4 (1) 2 67 134 115 86 54 21
Sh' Equity
(64.74%) (233.60%) (201.81%) (328.81%) 115.66% 31.70% (10.06%) (32.36%) (47.38%) (106.21%)
ROA
0.00% (902.71%) 0.00% (436.34%) 134.43% 64.53% (50.63%) (97.18%) (103.83%) (358.57%)
ROIC
(450.68%) (1,626.17%) (449.31%) (1,826.53%) 124.14% 36.45% (11.44%) (35.24%) (53.81%) (125.89%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Co-Diagnostics, Inc. (CODX) key facts

  • Co-Diagnostics, Inc. (CODX) is a Medical Devices company in the Healthcare sector, listed on Nasdaq.
  • Co-Diagnostics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $622,500.00, down 84.1% from fiscal 2024.
  • As of September 25, 2026, CODX traded at $1.09, a market capitalization of $8.3 million.
  • Return on equity was −125.9% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

Co-Diagnostics, Inc. (CODX) Latest News

News by impact score

Fine-tune

23 Sep

3

Co-Diagnostics, Inc. announced that Chief Commercialization Officer Seth Egan will attend two UN General Assembly–week events in New York: an UNOPS Partnerships Reception and a side event at the UN High-Level Meeting on Pandemic Prevention, Preparedness and Response. The discussions will focus on TB response and preparedness for future respiratory pandemics. The company notes ongoing clinical performance studies of its Co-Dx PCR MTB test through its India JV CoSara Diagnostics and a US FDA submission (510(k) with CLIA Waiver by Application) for its Co-Dx PCR Flu A/B & RSV multiplex test on the Co-Dx PCR Pro instrument. WHO recommendations on near-point-of-care TB testing and tongue-swab sampling are cited as aligning with Co-Dx’s decentralized testing model. The Co-Dx PCR platform is not FDA-cleared or approved and not yet for sale. The release includes standard forward-looking statements and risk factors. Increased visibility and regulatory progress could influence partnerships and perception, but near-term financial impact remains uncertain.

21 Sep

3

Co-Diagnostics, Inc. announced that Chief Commercialization Officer Seth Egan will participate in a Global Health Technologies Coalition/Adjuvant Capital roundtable on September 22, 2026, in New York, to discuss Ebola outbreak response and needed technologies. The event will bring together U.S. State Department officials and leaders from the global health R&D community. The roundtable follows Co-Dx’s ongoing work on Ebola diagnostics, including the Bundibugyo virus and pan-Ebola tests via its joint venture CoSara Diagnostics Pvt. Ltd., and third-party evaluation requests from India’s Centre for Cellular and Molecular Platforms. The company also said it is collaborating with ReadyGo Diagnostics to evaluate integrating ReadyGo’s GoCollect sample-preparation technology with the Co-Dx PCR platform for blood-based molecular testing at the point of need, initially for decentralized Ebola detection and outbreak response. Moderate progress and visibility through partnerships and testing activities, but no guarantee of regulatory clearance or commercialization.

16 Sep

3

Co-Diagnostics partners with ReadyGo to evaluate blood-based molecular testing at point of need, starting with Ebola. Early-stage collaboration on point-of-need Ebola testing may moderately expand market applications without guaranteed near-term revenue shifts.

3 Sep

4

Co-Diagnostics launches integrated cloud and mobile infrastructure in India. India market entry with cloud and mobile infrastructure represents major strategic expansion that can significantly boost Co-Diagnostics trajectory and investor sentiment.

1 Sep

3

Co-Diagnostics completes first international installation of Vector Smart® at a USAF base, extending customer reach beyond domestic markets. First international Vector Smart installation at USAF base signals potential military market expansion for Co-Diagnostics.

20 Aug

4 transcript

Co-Dx (CODX) held Q2 2026 earnings call covering financial results, operations and outlook. Earnings call provides financial results and guidance that typically move stock price and investor outlook.

14 Aug

4 transcript

Co-Diagnostics, Inc. (CODX) issued its Q2 2026 earnings call summary covering financial results and outlook. Earnings call details directly shape investor views and near-term stock movement for CODX.

4 transcript

Co-Diagnostics Inc highlighted FDA submission milestone during Q2 2026 earnings call. FDA submission milestone marks major regulatory progress with potential to shift company trajectory and investor sentiment.

13 Aug

3

Co-Diagnostics reported its second quarter 2026 financial results. Quarterly earnings releases deliver performance metrics that move near-term sentiment without shifting long-term strategy.

6 Aug

4

Co-Diagnostics submitted an FDA 510(k) premarket notification for its upper respiratory point-of-care test. FDA submission advances new diagnostic test toward potential approval and commercial launch.

29 Jul

3

Co-Diagnostics announces successful proof of concept for extraction-free Ebola test. Proof of concept for new Ebola test may expand product pipeline and lift short-term market sentiment without immediate revenue effects.

28 Jul

3

Co-Diagnostics announces successful proof of concept for extraction-free Ebola test. Successful proof of concept for new Ebola test signals product innovation progress in infectious disease diagnostics with moderate future potential.

22 Jul

3

CoSara, Co-Diagnostics joint venture, starts clinical studies in India for tuberculosis test on PCR platform. Early-stage clinical studies by joint venture signal moderate product pipeline progress in India TB diagnostics without immediate revenue or approval impact.

3

Co-Diagnostics begins clinical studies for its TB test in India, marking a new milestone. India TB test study launch may expand market reach but remains early-stage with limited near-term financial effects.

1 Jul

4

Co-Diagnostics completed clinical and analytical studies for its Upper Respiratory Point-of-Care Test ahead of FDA 510(k) submission. Progress toward FDA clearance for a new test can substantially shift Co-Diagnostics revenue outlook and competitive standing.

4

Co-Diagnostics reaches regulatory milestone for PCR respiratory test platform. Regulatory milestone advances core diagnostic product toward commercialization and strengthens market position.

18 Jun

3

Co-Diagnostics hosts Kingdom of Saudi Arabia joint venture CoMira to unveil future automated manufacturing line. Joint venture unveiling signals potential manufacturing expansion that may affect operations without confirmed immediate scale or financial effects.

11 Jun

3

Co-Diagnostics signed a Mexico distributor agreement to advance commercialization of its Co-Dx PCR Pro in Latin America. Mexico distribution agreement enables regional product rollout with moderate potential to lift future sales.

2 Jun

3

Co-Diagnostics and CoSara advance Ebola PCR test development and Co-Dx PCR Point-of-Care platform capabilities. Advancement of Ebola PCR test and POC platform strengthens CODX infectious disease diagnostics pipeline.

28 May

3

Co-Diagnostics may be positioned as a key diagnostic provider for U.S. national security applications. Speculative national security angle could lift short-term sentiment without confirmed contracts or revenue impact.

27 May

4 transcript

Co-Diagnostics (CODX) Q4 2025 earnings transcript covers company financial results and executive discussion. Q4 earnings details and outlook can significantly shift CODX investor sentiment and stock trajectory.

26 May

3

CODX shares surge over 630% across six sessions with retail traders positioning for additional upside. Extreme short-term price surge lifts sentiment yet lacks evidence of fundamental operational change.

3

Co-Diagnostics advances Ebola PCR assay development strategy via joint venture CoSara. Joint venture advances Ebola assay development potentially strengthening product pipeline.

19 May

3

Co-Diagnostics develops Ebola assay strategy following WHO emergency alert to address outbreak detection needs. Ebola assay development opens new diagnostic revenue potential for Co-Diagnostics amid health alerts.

3

Co-Diagnostics develops Ebola assay strategy following recent global outbreak alert. Ebola assay strategy development may create new testing opportunities and moderately lift company visibility.

15 May

4 transcript

Co-Diagnostics (CODX) released its Q1 2026 earnings call transcript detailing financial results, operational updates, and forward-looking guidance. Q1 2026 earnings transcript discloses financial performance and strategic outlook directly impacting CODX investor sentiment and market trajectory.

4

Co-Diagnostics Inc. (CODX) Q1 2026 earnings call highlights strategic advances including new product developments and partnerships amid ongoing financial challenges and revenue fluctuations. Strategic advances and product pipeline progress in Q1 2026 earnings call signal major shifts in CODX's growth trajectory and investor outlook.

3 transcript

Co-Diagnostics, Inc. held its Q1 2026 earnings call covering quarterly financial results, operational updates, and forward-looking guidance for its molecular diagnostics business. Quarterly earnings calls deliver financial metrics and guidance that moderately shift near-term investor sentiment without guaranteeing structural change.

14 May

3

Co-Diagnostics, Inc. (CODX) reported first quarter 2026 financial results. Quarterly financial results reveal performance metrics that moderately influence investor sentiment and stock trajectory.

11 May

4

CoMira, affiliated with Co-Diagnostics (CODX), concludes lease agreement for a manufacturing plant in Sudair Industrial City, Saudi Arabia. Plant lease in Saudi Arabia enables manufacturing expansion and market entry into the Middle East.

stockrow.com/CODX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com