How did CODX's revenue and expenses trend in Q4 2024 compared to previous quarters?
5/8/2025 05:23pm
CODX's revenue decreased by 0.77% in Q4 2024 compared to the previous quarter, while the expenses data is not available for analysis. Here's a detailed breakdown:
1. **Revenue Trend**: CODX's total revenue for Q4 2024 was $149,325, which is a decrease from the previous quarter's revenue of $2.66 million. This indicates a decline in revenue during this period.
|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|CODX|CODX.O|Co-diagnostics|2023 Q4|153.6725026275738|3555177|186|
|CODX|CODX.O|Co-diagnostics|2024 Q1|-22.27783712125617|467854|186|
|CODX|CODX.O|Co-diagnostics|2024 Q2|1243.1544038097934|2656840|186|
|CODX|CODX.O|Co-diagnostics|2024 Q3|-73.90657596888688|641141|186|
2. **Comparison with MRQ**: The revenue in Q4 2024 was significantly lower than the revenue in the previous quarter (MRQ) of $641,141. This suggests a substantial drop in revenue performance.
3. **Expense Trend**: Unfortunately, the expenses data for Q4 2024 is not available, which prevents a comprehensive analysis of the company's financial trends in that quarter.
4. **Overall Performance**: The lack of available data on expenses makes it difficult to assess CODX's overall financial health in Q4 2024. However, the revenue figures indicate a negative trend compared to the previous quarter.
In conclusion, CODX experienced a decline in revenue in Q4 2024 compared to Q3 2024, but the expenses data is not provided to fully analyze the company's financial performance during this period.