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Co-Diagnostics Q1 Revenues Surge on Coronavirus Test Sales

May 15, 2020
|
staff reporter

NEW YORK — Co-Diagnostics on Thursday reported first quarter 2020 revenues of $1.5 million, up from $3,400 the year before, primarily due to sales the company's recently launched Logix Smart COVID-19 test for SARS-CoV-2.

Since the commercial launch of Logix Smart COVID-19 in March, Co-Diagnostics has manufactured more than six million tests and recorded COVID-19-related test and equipment sales of over $18 million. The Salt Lake City-based company added that it has also ordered components for more than 20 million additional tests to fill existing and expected orders.

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