Co-Diagnostics, Inc. (CODX) financial statements (2022 and earlier)

Company profile

Business Address 4049 SOUTH HIGHLAND DRIVE
SALT LAKE CITY, UT 84124
State of Incorp. UT
Fiscal Year End December 31
SIC 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments89,86347,3128939503,534
Cash and cash equivalents88,60742,9778939503,534
Short-term investments1,2554,335   
Receivables20,91412,13713113 
Inventory, net of allowances, customer advances and progress billings2,0047,995197189
Inventory2,0047,995197189
Prepaid expense2,33836936370908
Other undisclosed current assets 547   
Total current assets:115,11968,3601,5841,0524,452
Noncurrent Assets
Property, plant and equipment1,933950197156166
Long-term investments and receivables75    
Accounts and financing receivable, after allowance for credit loss75    
Intangible assets, net (including goodwill)41,902    
Goodwill14,707    
Intangible assets, net (excluding goodwill)27,195    
Other undisclosed noncurrent assets1,0051,92743434545
Total noncurrent assets:44,9152,877631501210
TOTAL ASSETS:160,03471,2372,2151,5534,662
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,6804,085207323137
Accounts payable608598614941
Accrued liabilities3,8603,48720117497
Taxes payable2,213    
Deferred revenue150305 
Debt   1,909 
Due to related parties 120120120480
Deferred revenue and credits11
Other undisclosed current liabilities5,767 1  
Total current liabilities:12,5984,5113282,352628
Noncurrent Liabilities
Long-term debt and lease obligation, including:    278
Other undisclosed long-term debt and lease obligation    278
Liabilities, other than long-term debt7,22830150260184
Deferred revenue and credits184
Deferred income tax liabilities7,228  
Due to related parties 30150260 
Other undisclosed noncurrent liabilities5,733   (278)
Total noncurrent liabilities:12,96230150260184
Total liabilities:25,5594,5414782,612812
Stockholders' equity
Stockholders' equity attributable to parent134,47566,6971,737(1,059)3,851
Preferred stock  0  
Common stock3429171312
Additional paid in capital80,27249,15726,68817,62216,261
Retained earnings (accumulated deficit)54,16917,511(24,968)(18,694)(12,422)
Total stockholders' equity:134,47566,6971,737(1,059)3,851
TOTAL LIABILITIES AND EQUITY:160,03471,2372,2151,5534,662

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues97,88674,553215408
Revenue, net8
Cost of revenue(11,575)(16,591)(112)(9)(0)
Gross profit:86,31157,961103317
Operating expenses(40,246)(16,268)(5,996)(6,148)(4,571)
Operating income (loss):46,06541,694(5,894)(6,118)(4,564)
Nonoperating income (expense)(429)875(302)(154)4
Investment income, nonoperating(430)778  4
Other nonoperating expense  (302)(154) 
Interest and debt expense  (106)(135)(2,383)
Income (loss) from continuing operations before equity method investments, income taxes:45,63642,569(6,302)(6,407)(6,943)
Other undisclosed income (loss) from continuing operations before income taxes  106135(16)
Income (loss) from continuing operations before income taxes:45,63642,569(6,196)(6,272)(6,959)
Income tax expense(8,977)(91)   
Net income (loss) available to common stockholders, diluted:36,65942,479(6,196)(6,272)(6,959)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):36,65942,479(6,196)(6,272)(6,959)
Comprehensive income (loss), net of tax, attributable to parent:36,65942,479(6,196)(6,272)(6,959)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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