Co-Diagnostics Inc
For the period ended Dec 31, 2023. Filed Mar 14, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 14, 2024
CODX$0.32+24.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
| Years Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Product revenue | $991,473 | $34,218,209 |
| Grant revenue | 5,820,565 | - |
| Total revenue | 6,812,038 | 34,218,209 |
| Cost of revenue | 4,184,949 | 5,481,093 |
| Gross profit | 2,627,089 | 28,737,116 |
| Operating expenses | ||
| Sales and marketing | 6,860,815 | 7,344,628 |
| General and administrative | 14,279,441 | 14,262,963 |
| Research and development | 22,962,593 | 17,438,098 |
| Depreciation and amortization | 1,230,474 | 1,282,718 |
| Goodwill impairment charges | - | 15,388,546 |
| Total operating expenses | 45,333,323 | 55,716,953 |
| Loss from operations | (42,706,234) | (26,979,837) |
| Other income, net | ||
| Interest income | 1,161,913 | 704,045 |
| Realized gain on investments | 2,243,059 | - |
| Loss on disposition of assets | (2,578) | (138,117) |
| Gain on remeasurement of acquisition contingencies | 1,092,581 | 7,899,644 |
| Gain (loss) on equity method investment in joint venture | 100,703 | (332,969) |
| Total other income, net | 4,595,678 | 8,132,603 |
| Loss before income taxes | (38,110,556) | (18,847,234) |
| Income tax benefit | (2,777,691) | (4,608,985) |
| Net loss | $(35,332,865) | $(14,238,249) |
| Other comprehensive loss | ||
| Change in net unrealized gains on marketable securities, net of tax | $(146,440) | $293,140 |
| Total other comprehensive income (loss) | $(146,440) | $293,140 |
| Comprehensive loss | $(35,479,305) | $(13,945,109) |
| Loss per common share: | ||
| Basic | $(1.20) | $(0.45) |
| Diluted | $(1.20) | $(0.45) |
| Weighted average shares outstanding: | ||
| Basic | 29,346,599 | 31,479,028 |
| Diluted | 29,346,599 | 31,479,028 |
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