Delisting risk
CODX · NASDAQ · Biotechnology

Co-Diagnostics (CODX)

Develops portable PCR instruments, test cups, and molecular assays.

$1.12
Pre-market−0.03 (−3.03%)
At close$1.16(−2.94%)
Loading prices…

Co-Diagnostics, Inc.CODXHealth Care

Develops molecular-diagnostics products spanning CoPrimers chemistry, laboratory PCR reagents, and the Co-Dx PCR Pro platform, designed to pair portable instruments with proprietary consumables; current revenue comes from legacy products and development grants.

Builds molecular-diagnostics products around patented CoPrimers chemistry, including legacy laboratory PCR reagents and tests, plus the Co-Dx PCR Pro platform: a portable real-time PCR instrument, single-use test cups, software, and disease-specific assays. Research, engineering, assay development, and initial manufacturing are based in Utah.

Plans to generate recurring demand from test cups and assays alongside instrument placements, while selling existing products and receiving development grants. India is served through the CoSara joint venture and other South Asian markets; CoMira is being developed for Saudi Arabia and other MENA markets. PCR Pro requires regulatory clearance before U.S. diagnostic sale, and commercialization depends on clinical studies, local regulation, manufacturing partnerships, and adoption.

Company facts

CEODwight H. Egan
ListedJul 12, 2017
ExchangeNASDAQ
HeadquartersSalt Lake City, UT
CountryUnited States
Employees115
CIK0001692415
ISINUS1897632048

Market cap$1.3M
EPS (ttm)−$26.72
P/E (ttm)−0.0434
ROE-211.0%
P/B0.3933
P/S1.79
Dividend yieldDiv yield
Beta3.18vs XLV 0.45

Price target$180.00+15,417.2%Avg of 5 analysts
ConsensusHold3 of 5 analysts
Ratings

Target rangeAs of Sep 2, 2026

Latest analyst notes

No analyst notes in the last 24 months.

Next report
Nov 16, 2026
in 74 days
EPS estimate
−$1.25
Revenue estimate
$169.0K
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.36−$0.24−$0.23−$4.80−$16.35−$4.06−$1.46Pending
Estimate−$0.34−$0.33−$0.25−$5.71−$3.60−$3.75−$3.00−$1.25
Surprise−5.9%+27.3%+8.0%+15.9%−354.2%−8.3%+51.3%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$149.3K$50.3K$162.9K$145.4K$262.5K$146.0K$166.1KPending
Estimate$375.0K$187.5K$300.0K$126.0K$125.9K$127.1K$132.6K$169.0K
Surprise−60.2%−73.2%−45.7%+15.4%+108.5%+14.9%+25.3%
Estimate−$1.25
ReportedDue Nov 16, 2026
Estimate$169.0K
ReportedDue Nov 16, 2026
View details

Debt to equity14.20%
Current ratio181.30%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$641.1K$149.3K$50.3K$162.9K$145.4K$263.9K$146.0K$166.1K
Net income−$9.7M−$11.0M−$7.5M−$7.7M−$5.9M−$25.7M−$9.1M−$6.3M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$10.2M−$11.9M−$8.6M−$8.1M−$7.0M−$7.7M−$9.2M−$6.2M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $3.6M · Total debt $1.8M · Total assets $16.6M · Shareholders' equity $12.7M

Revenue
$166.1K
Operating income
−$6.2M
Net income
−$6.3M
View details

No dividends on record.

Institutions14 holders · as of Mar 31, 20260.79%49.2K shares
Insiders8 holders · as of May 27, 20261.67%104.3K shares
Strategic holders1 holder · as of Aug 14, 20268.95%559.7K shares
Otherremainder88.59%5.54M shares

6.25M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Two share counts disagree (6.25M in the company's Sep 3, 2026 report, 1.12M elsewhere); stakes use the report.

A stock split fell inside the quarter, so quarter-on-quarter changes are not shown.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Armistice Capital, LLCStrategic
8.95%559,70613Gfiled Aug 14, 2026
Private Advisory Group LLCInstitution
0.66%41,38713Fas of Mar 31, 2026
Dwight H. EganInsiderdirector, officer: Chief Executive Officer
0.45%27,893Form 4filed May 27, 2026
Brian Lee BrownInsiderofficer: Chief Financial Officer
0.36%22,379Form 4filed May 27, 2026
Edward L. MurphyInsiderdirector
0.18%11,084Form 4filed May 27, 2026
See all 25

13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

  • Danaher

    Cepheid's point-of-care PCR menu spans respiratory, TB, and HPV testing.

  • Abbott

    ID NOW and Alinity m cover rapid and laboratory molecular testing.

  • QIAGEN

    QIAstat-Dx contests decentralized syndromic respiratory PCR testing.

ComparePre-market

CompanyPriceChange
Co-Diagnostics$1.12−3.03%$1.3M1.8+2.0%
Danaher$209.00−0.43%$147.59B37.323.65.9+5.5%
Abbott$111.49+0.93%$191.19B35.519.04.1+13.0%
QIAGEN$43.78−0.86%$9.12B22.717.74.3+0.3%
Median35.519.04.3+5.5%