Co-Diagnostics, Inc.
For the period ended Jun 30, 2025. Filed Aug 14, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 14, 2025
CODX$0.29-9.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Product revenue | $162,910 | $161,102 | $213,187 | $413,847 |
| Grant revenue | - | 2,495,738 | - | 2,710,847 |
| Total revenue | 162,910 | 2,656,840 | 213,187 | 3,124,694 |
| Cost of revenue | 32,106 | 212,148 | 53,696 | 446,653 |
| Gross profit | 130,804 | 2,444,692 | 159,491 | 2,678,041 |
| Operating expenses | ||||
| Sales and marketing | 609,713 | 1,041,243 | 1,266,743 | 2,604,925 |
| General and administrative | 2,599,982 | 3,132,385 | 5,373,131 | 6,051,188 |
| Research and development | 4,687,459 | 5,612,691 | 9,557,478 | 11,292,369 |
| Depreciation and amortization | 291,414 | 338,335 | 571,859 | 668,908 |
| Total operating expenses | 8,188,568 | 10,124,654 | 16,769,211 | 20,617,390 |
| Loss from operations | (8,057,764) | (7,679,962) | (16,609,720) | (17,939,349) |
| Other income, net | ||||
| Interest income, net | 12,158 | 342,188 | 25,759 | 704,921 |
| Realized gain on investments | 340,358 | 74,165 | 641,823 | 302,235 |
| Gain (loss) on disposition of assets | (9,004) | 3,500 | (9,004) | 3,500 |
| Gain (loss) on remeasurement of acquisition contingencies | 10,222 | (244,116) | 727,289 | 206,144 |
| Loss on equity method investment in joint venture | (13,760) | (74,503) | (15,204) | (145,458) |
| Total other income, net | 339,974 | 101,234 | 1,370,663 | 1,071,342 |
| Loss before income taxes | (7,717,790) | (7,578,728) | (15,239,057) | (16,868,007) |
| Income tax provision | 12,327 | 20,590 | 24,331 | 43,354 |
| Net loss | $(7,730,117) | $(7,599,318) | $(15,263,388) | $(16,911,361) |
| Other comprehensive income (loss) | ||||
| Change in net unrealized gains (losses) on marketable securities, net of tax | (196,585) | 144,653 | (284,375) | 224,508 |
| Total other comprehensive income (loss) | $(196,585) | $144,653 | $(284,375) | $224,508 |
| Comprehensive loss | $(7,926,702) | $(7,454,665) | $(15,547,763) | $(16,686,853) |
| Loss per common share: | ||||
| Basic and Diluted | $(0.23) | $(0.25) | $(0.47) | $(0.56) |
| Weighted average shares outstanding: | ||||
| Basic and Diluted | 33,108,399 | 30,124,696 | 32,581,603 | 29,983,785 |
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