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CODX - Co-Diagnostics Inc

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by StockJock-e, Apr 16, 2020.

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  1. StockJock-e

    StockJock-e Brew Master
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    Co-Diagnostics, Inc., a molecular diagnostics company, intends to manufacture and sell reagents used for diagnostic tests that function via the detection and/or analysis of nucleic acid molecules. It also intends to sell diagnostic equipment from other manufacturers as self-contained lab systems. The company was founded in 2013 and is headquartered in Salt Lake City, Utah.

    [​IMG]
     
  2. StockJock-e

    StockJock-e Brew Master
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    SALT LAKE CITY, April 16, 2020 /PRNewswire/ -- Co-Diagnostics, Inc.(Nasdaq: CODX)(the Company), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, announced today that OralDNA® Labs, a CLIA-certified laboratory, has recently validated a COVID-19 PCR test based on the Company's patented CoPrimer™ technology for use with saline oral rinse samples, and has notified the FDA of their intent to use the validated test in their CAP accredited high-complexity laboratory.
     
  3. emmett kelly

    emmett kelly Well-Known Member

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  4. Jonesy

    Jonesy New Member

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  5. emmett kelly

    emmett kelly Well-Known Member

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    ambulance chaser lawyers and sore loser traders. don't know if it moves the needle or not.
     
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  6. Jonesy

    Jonesy New Member

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    Something's moving it lol, now down 17%
     
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  7. Jonesy

    Jonesy New Member

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    http://ir.codiagnostics.com/news-re...stics-inc-announces-q2-2020-results-form-10-q

    Company continues COVID-19 test sales and reports $24.04 million of revenue in Q2; Net profit of $12.6 million in quarter and net income per common share of $0.43; Stockholders' equity increased to $33.4 million comp...


    Shares down to low 17's at one point now low 18's. People freaking out because they missed projections, but unless its just my nooby-ness, those numbers look pretty good to me.
     
  8. Jonesy

    Jonesy New Member

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    Any opinions on this one? It's down to low 15's now. It's been slapped hard since earnings (was $30+ a mere two weeks ago), but essentially it just missed targets, company looks to be extremely successful/profitable, etc etc. Lots of good news out there about them- an FDA approved at-home COVID saliva testing that does not require medical staff to administer test, 70% gross margin on tests, lined up to begin testing LA schools (775k students & faculty), and the selling looks exhausted but its still tanking. I'm unsure what to make of it, exactly.
     
  9. emmett kelly

    emmett kelly Well-Known Member

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    If I may :horse:

     
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  10. Jonesy

    Jonesy New Member

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    Yes, this one appears to trending upward (finally). I still see $30+ targets on it and COVID testing (# of tests) expected to rise 10x the current volume as we approach the fall and winter months.
     

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