Diagnostics Q1 revenue rises but net loss widens

Co-Diagnostics

14/05/2026 21:10

Overview

US molecular diagnostics firm's Q1 revenue rose yr/yr, but net loss widened

Higher operating expenses driven by R&D spending increased operating and adjusted EBITDA losses

Company expanded regulatory approvals and commercial presence in India and South Asia

Outlook

Co-Diagnostics advancing toward FDA 510(k) submission for upper respiratory multiplex test

Company preparing to initiate clinical performance studies for tuberculosis program in India

Result Drivers

HIGHER R&D SPENDING - Increased research and development expenses for clinical studies and growth initiatives drove higher operating costs

REGULATORY AND COMMERCIAL EXPANSION - Company cited regulatory approvals and expanded distribution agreements in India and South Asia as supporting commercialization efforts

Company press release: ID:nPn60Kw8La

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$150,000
Q1 EPS
-$4.06
Q1 Net Income
-$9.10 mln
Q1 Adjusted EBITDA
-$8.70 mln
Q1 Operating Expenses
$9.20 mln
Q1 Operating Income
-$9.20 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)