Co-Diagnostics Inc (CODX)

Co-Diagnostics Hosts Kingdom of Saudi Arabia Joint Venture CoMira for Unveiling of Future Automated Manufacturing LineJune 18, 2026 9:05 AM
PR Newswire (US) Visit has included tour of Utah headquarters and automated manufacturing facilities ahead of planned technology transfer SALT LAKE CITY, June 18, 2026 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq: CODX) ("Co-Dx" or "the Company"), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, today announced that a delegation from CoMira Diagnostics ("CoMira"), the Company's joint venture with partners in the Kingdom of Saudi Arabia ("KSA"), visited Co-Diagnostics' Salt Lake City headquarters ahead of a planned technology transfer to CoMira. The visit included a tour of the Company's facilities and unveiling a future automated manufacturing line at a technology and innovation event also attended by state officials, trade representatives, and community leaders. The week-long visit and yesterday's unveiling represent the next phase of the Company's partnership with CoMira, which is designed to bring Co-Dx's molecular diagnostics platform* and manufacturing capabilities to the Kingdom of Saudi Arabia. The KSA delegation and other dignitaries toured the Company's future automated PCR test kit manufacturing line, a key component of the planned technology transfer to CoMira, which is expected to enable rapid scaling of diagnostic test production and more efficient deployment of testing solutions to support healthcare needs in KSA and 18 other Middle Eastern and Northern African countries."International partnerships like the one we have fostered with CoMira reflect our belief that closing the diagnostics gap requires a collaboration between both leading-edge technology and deep local expertise," remarked Dwight Egan, Chief Executive Officer of Co-Diagnostics. "This visit is an opportunity to demonstrate what we are building and what we intend to deliver: an integrated platform, a manufacturing capability, and a partnership model that we believe can make meaningful diagnostics more accessible across the region and beyond."The Co-Dx PCR platform integrates artificial intelligence and cloud-connected outbreak surveillance capabilities designed to support real-time monitoring of infectious disease trends. These capabilities are expected to be a component of the CoMira partnership and reflect the Company's broader strategy of deploying automated, AI-enabled diagnostics infrastructure in key international markets.The delegation event took place on June 17, 2026, and included participation from Utah state officials, trade representatives, and other local leaders, reflecting the significance of the partnership to both the local innovation ecosystem and U.S.-Gulf region economic collaboration."This visit has provided our team a direct look at the advanced manufacturing infrastructure that will underpin CoMira's future operations in the Kingdom," said Ihssan Rjoob, CEO of CoMira Diagnostics. "Co-Diagnostics has built an automated platform designed for scalable, efficient production, and we are excited to translate that capability into a local manufacturing operation that will complement CoMira's strengths in serving the healthcare needs of Saudi Arabia and the broader region."*The Co-Dx PCR platform (including the PCR Home®, PCR Pro®, mobile app, and all associated tests) is subject to review by the FDA and/or other regulatory bodies and is not yet available for sale. About Co-Diagnostics, Inc.:
Co-Diagnostics, Inc., a Utah corporation, is a molecular diagnostics company that develops, manufactures and markets state-of-the-art diagnostics technologies. The Company's technologies are utilized for tests that are designed using the detection and/or analysis of nucleic acid molecules (DNA or RNA). The Company also uses its proprietary technology to design specific tests for its Co-Dx PCR at-home and point-of-care platform (subject to regulatory review and not currently for sale) and to identify genetic markers for use in applications other than infectious disease.Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "believes," "expects," "estimates," "intends," "may," "plans," "will," "seeks," "anticipates," and similar expressions, or the negative of these terms. Forward-looking statements in this press release include, but are not limited to, statements regarding: (i) the planned technology transfer to CoMira and expected capabilities of the Company's automated manufacturing line; (ii) the Company's plans and expectations regarding international commercialization through joint venture partnerships; and (iii) the expected capabilities of the Co-Dx platform, including AI and outbreak surveillance functionality. Such statements are subject to a number of risks and uncertainties, including, without limitation: risks related to international operations, including changing regulatory requirements, economic conditions, and geopolitical factors; risks related to the Company's dependence on joint venture partners and other third parties; risks related to regulatory review by the FDA or other regulatory authorities; risks related to the performance, reliability, and market acceptance of the Co-Dx PCR platform; and other risks described from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"). Actual results may differ materially from those expressed or implied in these forward-looking statements. A further description of risks and uncertainties can be found in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 31, 2026, and in its other filings with the SEC. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law. View original content to download multimedia:https://www.prnewswire.com/news-releases/co-diagnostics-hosts-kingdom-of-saudi-arabia-joint-venture-comira-for-unveiling-of-future-automated-manufacturing-line-302804392.htmlSOURCE Co-Diagnostics Original: Co-Diagnostics Hosts Kingdom of Saudi Arabia Joint Venture CoMira for Unveiling of Future Automated Manufacturing Line

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Co-Diagnostics Announces $3.0 Million Private Placement Priced At-The-Market Under Nasdaq RulesMay 19, 2026 10:54 PM
PR Newswire (US) SALT LAKE CITY, May 19, 2026 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq: CODX) ("Co-Dx", or the "Company"), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, today announced that it has entered into a securities purchase agreement with certain institutional investors to sell an aggregate of 1,647,447 shares of common stock (or pre-funded warrants in-lieu thereof), together with warrants to purchase up to an aggregate 3,294,894 shares of common stock, in a private placement priced at-the-market under Nasdaq rules (the "Offering"). The combined effective offering price for each share of common stock (or pre-funded warrant in-lieu thereof) and accompanying warrants to be issued is $1.821. The warrants will have an exercise price of $1.571 per share, will be exercisable immediately upon issuance, and will expire five years from the date of issuance. The gross proceeds to the Company from the Offering are estimated to be approximately $3.0 million before deducting the placement agent's fees and other estimated Offering expenses. The Offering is expected to close on or about May 21, 2026, subject to the satisfaction of customary closing conditions.Maxim Group LLC is acting as the sole placement agent in connection with the Offering.The offer and sale of the foregoing securities are being made in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), and/or Regulation D promulgated thereunder, and the securities have not been registered under the Securities Act or applicable state securities laws. Accordingly, the securities may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. The Company has agreed to file a registration statement with the Securities and Exchange Commission registering the resale of the securities purchased in the private placement.This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state. Any offering of the securities under the resale registration statement will only be made by means of a prospectus.About Co-Diagnostics, Inc.Co-Diagnostics, Inc., a Utah corporation, is a molecular diagnostics company that develops, manufactures and markets state-of-the-art diagnostics technologies. The Company's technologies are utilized for tests that are designed to detect and/or analyze nucleic acid molecules (DNA or RNA). The Company also uses its proprietary technology to design specific tests for its Co-Dx PCR at-home and point-of-care platform (subject to regulatory review and not currently for sale) and to identify genetic markers for use in applications other than infectious disease.Forward-Looking StatementThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the completion and timing of the Offering, the anticipated gross proceeds from the Offering, the intended use of proceeds, the filing of a resale registration statement, and other statements that are not historical facts. Forward-looking statements may be identified by words such as "anticipate," "believe," "expect," "intend," "plan," "potential," "will," "would," "could," "should," "continue," and similar expressions. These forward-looking statements are based on the Company's current expectations and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, without limitation, risks and uncertainties related to satisfaction of customary closing conditions related to the Offering, market and other conditions, the timing and ability of the Company to file and have declared effective a resale registration statement, and other risks described from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"), including the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the SEC. The forward-looking statements contained in this press release speak only as of the date hereof, and the Company undertakes no obligation to update or revise any forward-looking statements contained in this press release, except as required by applicable law.  View original content to download multimedia:https://www.prnewswire.com/news-releases/co-diagnostics-announces-3-0-million-private-placement-priced-at-the-market-under-nasdaq-rules-302777009.htmlSOURCE Co-Diagnostics Original: Co-Diagnostics Announces $3.0 Million Private Placement Priced At-The-Market Under Nasdaq Rules

CODX......................https://stockcharts.com/sc3/ui/?s=CODX&p=W&b=5&g=0&id=p86431144783

Co-Diagnostics Develops Ebola Assay Strategy Following WHO Emergency Alert (CODX)May 19, 2026 10:34 AM
IH Market News The company said it is prepared to rapidly deploy a Bundibugyo virus Ebola test if outbreak conditions require expanded diagnostic response capabilities. Key Investor Takeaways Co-Diagnostics (NASDAQ:CODX) completed an assay development strategy targeting the Bundibugyo strain of Ebola virus currently linked to outbreaks in Africa. The announcement follows the World Health Organization’s declaration of a public health emergency of international concern related to the outbreak. Management highlighted the potential role of the company’s Co-Dx PCR platform in decentralized diagnostics and real-time outbreak monitoring. The company is positioning its PCR platform as a rapid-response tool for emerging infectious disease threats and public health surveillance. Investors may focus on whether outbreak-related preparedness initiatives could create future commercial or government partnership opportunities for CODX. Why CODX Stock Is In Focus Co-Diagnostics, Inc. (NASDAQ:CODX) announced that it has completed the assay development strategy for the Bundibugyo virus (BDBV), the Ebola strain currently associated with outbreaks in the Democratic Republic of the Congo and Uganda.The company said it believes it would be positioned to rapidly make the assay available if outbreak conditions require deployment of the test.“We are pleased to report that we have completed the assay development strategy for BDBV, and should a situation arise requiring the assay, we expect we would be well positioned to execute the strategy and rapidly make the test available,” said Dwight Egan, Co-Diagnostics Chief Executive Officer.The announcement came shortly after the World Health Organization declared the Ebola outbreak a public health emergency of international concern on May 17.According to the company, reported outbreak figures currently include eight laboratory-confirmed cases, 246 suspected cases and 80 suspected deaths in the Democratic Republic of the Congo, along with two confirmed cases and one death in Uganda.Co-Diagnostics also referenced recent guidance from the U.S. Centers for Disease Control and Prevention regarding enhanced screening measures for travelers arriving from affected regions.The company said the CDC measures include expanded traveler monitoring, contact tracing coordination and heightened hospital preparedness efforts. Company highlights decentralized PCR testing strategy Management emphasized that the company’s Co-Dx PCR platform was designed to support decentralized diagnostics and cloud-connected outbreak visibility capabilities.“In addition to the role that rapid, gold-standard PCR diagnostics can play in identifying infected patients and helping limit the spread of deadly diseases like Ebola, we believe recent events also underscore the growing importance of decentralized diagnostics and real-time situational awareness in helping public health authorities track and contain outbreaks,” Egan said.He added, “The COVID-19 pandemic reinforced the importance of preparedness and rapid response capabilities for emerging infectious disease threats, and we believe it is important to be positioned to respond quickly as we have in the past when situations like these have emerged.”The company noted that its Co-Dx PCR platform, including PCR Home and PCR Pro products, remains subject to FDA and regulatory review and is not currently available for sale. Why This Matters For Investors The announcement may matter to investors because it positions Co-Diagnostics within the broader global preparedness and infectious disease surveillance market at a time of renewed attention on outbreak response infrastructure.While the company did not announce revenue, contracts or regulatory approvals tied to the Ebola assay strategy, the update reinforces its focus on rapid molecular diagnostics and decentralized testing systems.Investors may also view the announcement as an attempt to expand the potential applications of the company’s PCR platform beyond COVID-era testing demand and into broader public health monitoring and emergency response use cases.At the same time, commercialization opportunities may depend heavily on regulatory approvals, outbreak severity, government procurement activity and partnerships with public health agencies. What To Watch Next Investors will likely monitor: Any regulatory developments related to the Co-Dx PCR platform Potential government or NGO partnerships tied to Ebola preparedness Further updates from WHO and CDC regarding the outbreak Commercialization progress for decentralized PCR testing products Whether Co-Diagnostics secures contracts or funding connected to outbreak response initiatives Co-Diagnostics stock price Original: Co-Diagnostics Develops Ebola Assay Strategy Following WHO Emergency Alert (CODX)

CODX news .. Co-Diagnostics Develops Ebola Assay Strategy Following Recent Global Outbreak Alert https://investorshub.advfn.com/stock-market/NASDAQ/co-diagnostics-CODX/stock-news/98564211/co-diagnostics-develops-ebola-assay-strategy-follo

Co-Diagnostics Joint Venture CoMira Finalizes Lease Agreement for Manufacturing Facility in Saudi Arabia's Sudair Industrial CityMay 8, 2026 9:00 AM
PR Newswire (US) Lease execution highlights transition from approval to development and advances localized manufacturing strategy in the Kingdom of Saudi Arabia in accordance with Vision 2030SALT LAKE CITY, May 8, 2026 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq: CODX) ("Co-Dx" or "the Company"), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, today announced that its joint venture, CoMira Diagnostics LLC ("CoMira"), has finalized a lease agreement for its planned manufacturing facility in Sudair Industrial City in the Kingdom of Saudi Arabia ("KSA"). The lease execution represents a key milestone as CoMira advances domestic manufacturing capabilities within the KSA and follows the Company's previously announced approval for an industrial land allocation in Sudair Industrial City by the Saudi Authority for Industrial Cities and Technology Zones ("MODON")."Co-Dx continues to advance our CoMira joint venture, with today's lease finalization marking an important milestone in expanding our presence in the KSA," said Dwight Egan, Chief Executive Officer of Co-Diagnostics. "Executing the lease moves us from planning into the execution phase of development and reflects ongoing progress in localizing our platform within Saudi Arabia. We believe this initiative supports the Kingdom's Vision 2030 goals related to healthcare infrastructure, domestic manufacturing, and supply-chain resilience."The lease covers an industrial facility of approximately 14,400 square feet in Sudair Industrial City, one of Saudi Arabia's leading industrial hubs. The facility is designated for approved manufacturing activities, including diagnostic instruments, laboratory testing equipment, and medical consumables, and is intended to support CoMira's planned manufacturing activities related to the Co-Dx PCR platform* and other Co-Dx technology, subject to applicable regulatory approvals and operational requirements.The turnkey nature of the facility is expected to support a more efficient transition to operational readiness compared to traditional ground-up development, aligning with the Company's focus on capital-efficient expansion.Ihssan Rjoob, CEO of CoMira Diagnostics, remarked "Sudair Industrial City is intended to play a central role in Saudi Arabia's Vision 2030 initiative to diversify the economy and expand local manufacturing capabilities. We believe that establishing a presence within this industrial ecosystem aligns CoMira with national priorities around healthcare localization and industrial development."CoMira is focused on establishing localized manufacturing and distribution capabilities across Saudi Arabia and the broader Middle East and North Africa (MENA) region. The Company believes that domestic production of molecular diagnostics within the Kingdom may offer strategic advantages, particularly in government procurement processes that prioritize locally manufactured healthcare solutions.In addition, the Company believes that as relevant regulatory clearances are obtained by the U.S. FDA, the Co-Dx PCR platform may be introduced into the Saudi market through a more streamlined regulatory pathway compared to other international jurisdictions, potentially supporting earlier commercial activity as the facility is developed.This announcement represents the latest step in Co-Diagnostics' broader strategy to deploy its platform globally through localized partnerships, including its CoSara joint venture in India, and reflects the Company's continued focus on scalable, capital-efficient international expansion.*The Co-Dx PCR platform (including the PCR Home®, PCR Pro®, mobile app, and all associated tests) is subject to review by the FDA and/or other regulatory bodies and is not yet available for sale. About Co-Diagnostics, Inc.:
Co-Diagnostics, Inc., a Utah corporation, is a molecular diagnostics company that develops, manufactures and markets state-of-the-art diagnostics technologies. The Company's technologies are utilized for tests that are designed using the detection and/or analysis of nucleic acid molecules (DNA or RNA). The Company also uses its proprietary technology to design specific tests for its Co-Dx PCR at-home and point-of-care platform (subject to regulatory review and not currently for sale) and to identify genetic markers for use in applications other than infectious disease.Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "believes," "expects," "estimates," "intends," "may," "plans," "will," "seeks," "anticipates," and similar expressions, or the negative of these terms. Forward-looking statements in this press release include, but are not limited to, statements regarding: (i) the planned development, timing, scope, and operationalization of a manufacturing facility by CoMira Diagnostics; (ii) the ability of such facility to support manufacturing of molecular diagnostic instruments and assays; (iii) expectations regarding CoMira's positioning as an early domestic manufacturer within the Kingdom of Saudi Arabia; (iv) the potential benefits of local manufacturing, including participation in government procurement programs and contribution to Saudi Arabia's Vision 2030 objectives; and (v) the Company's broader international expansion strategy across the Middle East and North Africa. These forward-looking statements are based on current expectations, estimates, forecasts, and projections, as well as the beliefs and assumptions of management as of the date of this release. Such statements are subject to a number of risks and uncertainties, including, without limitation: risks associated with satisfying infrastructure requirements and other conditions precedent; risks related to the design, financing, construction, and timely completion of the contemplated manufacturing facility; risks associated with operating through a joint venture, including governance, funding, and partner-related risks; risks related to obtaining and maintaining required regulatory approvals in the Kingdom of Saudi Arabia and other jurisdictions; risks that anticipated benefits of localization and participation in government procurement programs are not realized; uncertainties associated with market acceptance and adoption of the Company's products; competitive dynamics in the global molecular diagnostics market; execution risks associated with international expansion; and general economic, geopolitical, and public health conditions in the regions in which the Company operates or intends to operate. Actual results may differ materially from those expressed or implied in these forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. A further description of risks and uncertainties can be found in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 31, 2026, and in its other filings with the SEC. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law. View original content to download multimedia:https://www.prnewswire.com/news-releases/co-diagnostics-joint-venture-comira-finalizes-lease-agreement-for-manufacturing-facility-in-saudi-arabias-sudair-industrial-city-302766568.htmlSOURCE Co-Diagnostics Original: Co-Diagnostics Joint Venture CoMira Finalizes Lease Agreement for Manufacturing Facility in Saudi Arabia's Sudair Industrial City

Co-Diagnostics Reports Full Year 2025 Financial ResultsMarch 31, 2026 4:01 PM
PR Newswire (US)

Advancing Global Commercialization Strategy Through CoSara and CoMira Joint VenturesProgressing Clinical Pipeline and Regulatory Pathways for PCR PlatformStrengthening Technology Leadership with AI Integration and Expanding IP PortfolioSALT LAKE CITY, March 31, 2026 /PRNewswire/ -- Co-Diagnostics, Inc. (NASDAQ: CODX) ("Co-Diagnostics," "Co-Dx," or "the Company"), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, today announced its financial results for the full year ended December 31, 2025.







Full Year 2025 Financial Results:Revenue of $0.6 million, compared to $3.9 million in 2024, primarily due to lower grant revenueOperating expenses of $50.6 million, compared to $43.0 million in 2024, driven by a non-cash impairment charge of $18.9 million from revaluation of intangible assetsOperating loss of $50.2 million, compared to $40.1 million in 2024Net loss of $46.9 million, or $35.25 per share, compared to net loss of $37.6 million, or $37.22 per share in 2024, primarily due to intangible asset impairment charges and lower grant revenue, partially offset by decreases in operating expenses and a benefit from income taxesAdjusted EBITDA loss of $28.0 million, compared to a loss of $33.5 million in 2024Cash, cash equivalents, and marketable investment securities totaled $11.9 million as of December 31, 2025, compared to $29.7 million as of December 31, 2024Full Year 2025 Business Highlights:Closed $3.8 million offering of 9.62 million shares of common stock at an offering price of $0.40 per share on a pre-reverse split basisClosed $7.0 million offering of 12.7 million shares of common stock at an offering price of $0.55 per share on a pre-reverse split basisContinued advancement of CoSara Diagnostics joint venture in India, including regulatory progress and manufacturing readiness for PCR Pro® instrument*Signed definitive agreement with Arabian Eagle to establish CoMira Diagnostics joint venture in Saudi Arabia; currently progressing on execution and finalizing lease for manufacturing facilityInitiated and advanced clinical evaluations of upper respiratory multiplex testFurther progressed development across pipeline programs, including tuberculosis (TB) and HPV testsExpanded the AI business unit, integrating machine learning capabilities into the Co-Dx™ Primer Ai™ platformStrengthened the intellectual property portfolio with a new international patent granted in AustraliaEngaged Maxim Group to pursue SPAC transaction for CoSara DiagnosticsReceived recognition from Utah Governor's Office and BioUtah for the formation of CoMira DiagnosticsRecent Developments:Received CDSCO license to manufacture and sell the CoSara PCR Pro® instrument in India, representing a key regulatory milestone and enabling commercialization readinessSigned an agreement to expand CoSara Diagnostics' commercial and distribution territory across South Asia to include Bangladesh, Pakistan, Nepal, and Sri Lanka, increasing the regional addressable market to approximately $13 billionInitiated shipments of PCR Pro® instruments and tuberculosis (TB) test* materials to India to support upcoming clinical performance studies, with the instrument and test kits being aligned with new WHO guidance on TB testingStrengthened the intellectual property portfolio with a new international patent granted in Japan"Over the past year, we made meaningful progress across multiple initiatives that have positioned the Company for its next phase of growth, including advancing our clinical pipeline, expanding our global footprint, and preparing for commercialization of the platform in 2026," said Dwight Egan, Chief Executive Officer of Co-Diagnostics. "Importantly, we have remained focused on execution and continued to build momentum across the business. Our strategy is centered on four key pillars: advancing CoSara and our broader opportunity in India, executing on our CoMira joint venture in the Middle East and Northern Africa, progressing our clinical programs toward key regulatory milestones, and expanding our AI-driven capabilities. Together, these initiatives support our scalable, globally deployable diagnostics platform and reinforce our focus on long-term value creation."Mr. Egan continued, "Based on dramatically reduced rates of COVID prevalence in our clinical study locations, we are currently planning on an initial FDA 510(k) submission for our upper respiratory test focused on flu A, flu B, and RSV. As we move forward, we remain committed to disciplined performance as we advance toward commercialization, and we anticipate that this modified approach will allow us to accelerate regulatory and commercialization timelines while retaining the flexibility to incorporate COVID into the test at a later stage if conditions change."We believe the progress we've made in our clinical studies and on all other initiatives are creating a clear path to unlock the full potential of our platform as we enter the next phase of execution in 2026."Conference Call and Webcast:Co-Diagnostics will host a conference call and webcast at 4:30 p.m. EDT today to discuss its financial results with analysts and institutional investors. The conference call and webcast will be available via:Webcast: ir.co-dx.com on the Events & Webcasts page, or accessible directly hereConference Call: 1-888-880-3330 (Toll Free) or 1-646-357-8766 (Toll)The call will be recorded and later made available on the Company's website.*The Co-Dx PCR platform (including the PCR Home®, PCR Pro®, mobile app, and all associated tests) is subject to review by the FDA and/or other regulatory bodies and is not yet available for sale.About Co-Diagnostics, Inc.
Co-Diagnostics, Inc., a Utah corporation, is a molecular diagnostics company that develops, manufactures and markets state-of-the-art diagnostics technologies. The Company's technologies are utilized for tests that are designed to detect and/or analyze nucleic acid molecules (DNA or RNA). The Company also uses its proprietary technology to design specific tests for its Co-Dx PCR at-home and point-of-care platform (subject to regulatory review and not currently for sale) and to identify genetic markers for use in applications other than infectious disease.Non-GAAP Financial Measures:
This press release contains adjusted EBITDA, which is a non-GAAP measure defined as net loss excluding depreciation, amortization, (gain) loss on disposition of assets, income tax (benefit) expense, net interest (income) expense, stock-based compensation, change in fair value of contingent consideration, impairment charges and realized gain (loss) on investments. The Company believes that adjusted EBITDA provides useful information to management and investors relating to its results of operations. The Company's management uses this non-GAAP measure to compare the Company's performance to that of prior periods for trend analyses, and for budgeting and planning purposes. The Company believes that the use of adjusted EBITDA provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company's financial measures with other companies, many of which present similar non-GAAP financial measures to investors, and that it allows for greater transparency with respect to key metrics used by management in its financial and operational decision-making.Management does not consider the non-GAAP measure in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of the non-GAAP financial measure is that it excludes significant expenses that are required by GAAP to be recorded in the Company's financial statements. In order to compensate for these limitations, management presents the non-GAAP financial measure together with GAAP results. Non-GAAP measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. A reconciliation table of the net income, the most comparable GAAP financial measure to adjusted EBITDA, is included at the end of this release. The Company urges investors to review the reconciliation and not to rely on any single financial measure to evaluate the company's business.Forward-Looking Statements:
This press release contains forward-looking statements. Forward-looking statements can be identified by words such as "believes," "expects," "estimates," "intends," "may," "plans," "will" and similar expressions, or the negative of these words. Such forward-looking statements are based on facts and conditions as they exist at the time such statements are made and predictions as to future facts and conditions. Forward-looking statements in this release include statements regarding (i) advancement into clinical evaluations and continued development and regulatory submissions for the Co-Dx PCR platform and (ii) our belief that the platform will play a key role in transforming the global accessibility of diagnostic testing solutions. Forward-looking statements are subject to inherent uncertainties, risks and changes in circumstances. Actual results may differ materially from those contemplated or anticipated by such forward-looking statements. Readers of this press release are cautioned not to place undue reliance on any forward-looking statements. There can be no assurance that any of the anticipated results will occur on a timely basis or at all due to certain risks and uncertainties, a discussion of which can be found in our Risk Factors disclosure in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (SEC) on March 31, 2026, and in our other filings with the SEC. The Company does not undertake any obligation to update any forward-looking statement relating to matters discussed in this press release, except as may be required by applicable securities laws. CO-DIAGNOSTICS, INC. AND SUBSIDIARIES  CONSOLIDATED BALANCE SHEETS 

December 31,
2025

December 31,
2024
Assets







Current assets







Cash and cash equivalents
$11,884,607

$2,936,544
Marketable investment securities

-


26,811,098
Accounts receivable, net

190,375


132,570
Inventory, net

992,397


1,072,724
Income taxes receivable

44,559


-
Prepaid expenses and other current assets

581,527


1,338,762
Total current assets

13,693,465


32,291,698
Property and equipment, net

2,272,098


2,761,280
Operating lease right-of-use asset

1,207,453


2,114,876
Intangible assets, net

7,219,000


26,101,000
Investment in joint ventures

350,569


294,304
Total assets
$24,742,585

$63,563,158
Liabilities and stockholders' equity







Current liabilities







Accounts payable
$1,878,225

$3,294,254
Accrued expenses

865,301


2,562,169
Operating lease liability, current

662,258


915,619
Contingent consideration liabilities, current

119,036


502,819
Deferred revenue

14,800


40,857
Total current liabilities

3,539,620


7,315,718
Long-term liabilities







Income taxes payable

-


713,643
Operating lease liability

574,301


1,236,560
Contingent consideration liabilities

-


422,080
Total long-term liabilities

574,301


2,372,283
Total liabilities

4,113,921


9,688,001
Commitments and contingencies (Note 13)







Stockholders' equity







Convertible preferred stock, $0.001 par value; 5,000,000 shares authorized; 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively

-


-
Common stock, $0.001 par value; 100,000,000 shares authorized; 2,256,654 shares issued and 2,095,031 shares outstanding as of December 31, 2025 and 1,263,408 shares issued and 1,101,785 shares outstanding as of December 31, 2024

67,700


37,902
Treasury stock, at cost; 161,623 shares held as of December 31, 2025 and December 31, 2024, respectively

(15,575,795)


(15,575,795)
Additional paid-in capital

116,510,298


102,472,210
Accumulated other comprehensive income

-


418,443
Accumulated deficit

(80,373,539)


(33,477,603)
Total stockholders' equity

20,628,664


53,875,157
Total liabilities and stockholders' equity
$24,742,585

$63,563,158
 CO-DIAGNOSTICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS 

Years Ended December 31,


2025

2024
Product revenue
$418,205

$770,048
Grant revenue

204,284


3,145,112
Total revenue

622,489


3,915,160
Cost of revenue

222,377


999,124
Gross profit

400,112


2,916,036
Operating expenses







Sales and marketing

2,381,131


4,483,339
General and administrative

9,058,283


16,157,152
Research and development

19,137,242


20,979,589
Depreciation and amortization

1,106,808


1,377,266
Impairment charges

18,882,000


-
Total operating expenses

50,565,464


42,997,346
Loss from operations

(50,165,352)


(40,081,310)
Other income, net







Interest income, net

292,932


1,091,825
Realized gain on investments

683,365


870,745
Gain (loss) on disposition of assets

(82,421)


8,291
Gain on remeasurement of acquisition contingencies

805,863


714,876
Loss on equity method investment in joint ventures

(46,301)


(186,067)
Total other income, net

1,653,438


2,499,670
Loss before income taxes

(48,511,914)


(37,581,640)
Income tax provision (benefit)

(1,615,978)


57,368
Net loss
$(46,895,936)

$(37,639,008)
Other comprehensive income (loss)







Change in net unrealized gains (losses) on marketable securities, net of tax

(418,443)


271,743
Total other comprehensive income (loss)
$(418,443)

$271,743
Comprehensive loss
$(47,314,379)

$(37,367,265)









Loss per common share:







Basic and Diluted
$(35.25)

$(37.22)
Weighted average shares outstanding:







Basic and Diluted

1,330,200


1,011,179
 CO-DIAGNOSTICS, INC. AND SUBSIDIARIESGAAP AND NON-GAAP MEASURES Reconciliation of net loss to adjusted EBITDA:














Years Ended December 31,


2025

2024
Net loss
$(46,895,936)

$(37,639,008)
Interest income, net

(292,932)


(1,091,825)
Realized gain on investments

(683,365)


(870,745)
Depreciation and amortization

1,106,808


1,377,266
(Gain) loss on disposition of assets

82,421


(8,291)
Change in fair value of contingent consideration

(805,863)


(714,876)
Stock-based compensation expense

2,248,053


5,434,904
Income tax provision

(1,615,978)


57,368
Impairment charges

18,882,000


-
Adjusted EBITDA
$(27,974,792)

$(33,455,207)









Reconciliation of net loss to adjusted net loss:







Net loss
$(46,895,936)

$(37,639,008)
Impairment charges

18,882,000


-
Adjusted net loss
$(28,013,936)

$(37,639,008)
 



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Original: Co-Diagnostics Reports Full Year 2025 Financial Results

Pump & Dump

Co-Diagnostics Ships Diagnostic Materials to India for Initiation of Tuberculosis Clinical Studies Following Recently Issued Guidance from the World Health OrganizationMarch 25, 2026 8:00 AM
PR Newswire (US)

The near-term commencement of clinical studies is expected to align with recent WHO tuberculosis recommendations for near-point-of-care molecular testing and utilizing tongue swab samplesNew recommendations are aligned with the design of Co-Dx's proprietary test, platform, and missionSALT LAKE CITY, March 25, 2026 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq: CODX) ("Co-Dx" or "the Company"), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, today announced that it has commenced shipments of PCR Pro® instruments*, Co-Dx™ PCR MTB test kits* for tuberculosis ("TB"), and proprietary sample preparation instruments to its joint venture CoSara Diagnostics Pvt. Ltd. ("CoSara") in India. These materials are necessary to begin clinical performance studies of the TB test on the PCR platform, as the Company completes final steps toward initiating those studies in the near term.







According to the World Health Organization's ("WHO") 2025 Global tuberculosis report, the global TB incidence rate was only reduced by 12% since 2015, compared to the WHO's End TB Strategy target reduction rate of 50%. On March 9, the WHO issued recommendations for the first time on near-point-of-care ("NPOC") molecular diagnostics and easy-to-collect tongue swabs for patients who cannot produce sputum samples, in order to expand access to TB testing and help close critical diagnostic gaps.The Company's PCR testing platform* and NPOC TB test kit are already aligned with this new guidance.Co-Diagnostics CEO Dwight Egan remarked, "We are pleased that our foresight in designing the Co-Dx PCR testing platform and TB test for broad accessibility in point-of-care and near-point-of-care settings, and to be operated with either sputum or tongue swab samples, is consistent with the direction of the WHO's recommendation. The WHO's recommendation underscores the importance of these technological advances in molecular diagnostics to ensure early and accurate TB testing. Co-Diagnostics' mission to develop and increase access to life-saving PCR tests is aligned to fulfill that objective."Despite achieving a 21% reduction in TB incidence since 2015, India continues to account for approximately 25% of global cases according to the 2025 Global tuberculosis report.Mr. Egan continued, "The Co-Dx PCR MTB test has continued to generate encouraging third-party preclinical results, supporting further clinical evaluation. We recently announced that the PCR Pro® instrument received a license from the CDSCO to be manufactured and sold as a medical device instrument, and expect to announce the commencement of clinical performance studies in India in the near future as we prepare for a submission to the Indian regulatory authorities for clearance."*The Co-Dx PCR platform (including the PCR Home®, PCR Pro®, mobile app, and all associated tests) is subject to review by the FDA and/or other regulatory bodies and is not yet available for sale. About Co-Diagnostics, Inc.:
Co-Diagnostics, Inc., a Utah corporation, is a molecular diagnostics company that develops, manufactures and markets state-of-the-art diagnostics technologies. The Company's technologies are utilized for tests that are designed using the detection and/or analysis of nucleic acid molecules (DNA or RNA). The Company also uses its proprietary technology to design specific tests for its Co-Dx PCR at-home and point-of-care platform (subject to regulatory review and not currently for sale) and to identify genetic markers for use in applications other than infectious disease.Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "believes," "expects," "estimates," "intends," "may," "plans," "will," "seeks," "anticipates," and similar expressions, or the negative of these terms. Forward-looking statements in this press release include, but are not limited to, statements regarding: the expected benefits of the WHO's recommendation for NPOC TB tests and tongue swab sample types; the expected timing and initiation of clinical performance studies; the Company's plans to pursue regulatory submissions and potential clearances in India and other jurisdictions; the anticipated performance and potential clinical utility of the Company's PCR platform and TB test; and the Company's broader strategy for global deployment and adoption of its PCR platform. These forward-looking statements are based on current expectations, estimates, forecasts, and projections, as well as the beliefs and assumptions of management as of the date of this release. Such statements are subject to a number of risks and uncertainties, including, without limitation: risks related to the Company's ability to obtain necessary regulatory approvals in multiple jurisdictions; the timing and results of clinical studies; uncertainties associated with market acceptance and adoption of the Company's products; the ability to successfully establish and manage distribution relationships; the Company's ability to manufacture and supply its products, including through third-party partners such as CoSara; competitive dynamics in the global molecular diagnostics market; execution risks associated with international expansion; and general economic, geopolitical, and public health conditions in the regions in which the Company operates or intends to operate. Actual results may differ materially from those expressed or implied in these forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. A further description of risks and uncertainties can be found in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 27, 2025, and in its other filings with the SEC. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law.



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Original: Co-Diagnostics Ships Diagnostic Materials to India for Initiation of Tuberculosis Clinical Studies Following Recently Issued Guidance from the World Health Organization

CODX................................https://stockcharts.com/sc3/ui/?s=CODX&p=w&b=5&g=0&id=p86431144783

Co-Diagnostics Signs Agreement to Significantly Expand Commercial and Distribution Territory Across South AsiaMarch 20, 2026 8:00 AM
PR Newswire (US)

Expansion into Bangladesh, Pakistan, Nepal, and Sri Lanka increases TAM in region to $13 billion and supports commercialization strategy for the PCR Pro® and SARAGENE® product lineSALT LAKE CITY, March 20, 2026 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq: CODX) ("Co-Dx" or "the Company"), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, today announced that the Company has signed an agreement for CoSara Diagnostics Pvt. Ltd. ("CoSara"), the Indian joint venture between Co-Dx and Ambalal Sarabhai Enterprises Limited ("ASE Group"), to significantly expand its commercial and distribution territory across South Asia to now include Bangladesh, Pakistan, Nepal, and Sri Lanka.







The expansion significantly increases CoSara's addressable market across South Asia, bringing the total regional opportunity to an estimated $13.0 billion based on internal analyses and third-party market data. It also supports CoSara's plans to commercialize the CoSara PCR Pro® point-of-care instrument and tests as well as the SARAGENE® product line across the region, subject to applicable regulatory approvals in each jurisdiction. As part of this expansion, CoSara is working to establish distribution channels in these newly added markets, including evaluating regulatory pathways, identifying priority customer segments, and engaging regional distribution partners.Mohal Sarabhai, CEO of CoSara, commented, "South Asia represents a large and rapidly growing market for molecular diagnostics, with significant need for easily accessible, non-invasive, quick and reliable testing solutions. Expanding our territory allows us to begin building relationships with regional partners and positions us to support the future commercialization of the point-of-care PCR platform across these markets, increasing access to molecular tests for tuberculosis, HPV, and upper respiratory infections."Co-Diagnostics CEO Dwight Egan added, "This expansion reflects our broader strategy of establishing regional infrastructure ahead of product commercialization. By building local manufacturing and distribution capabilities in key regions, including the United States, South Asia, and the Middle East and North Africa, we are positioning Co-Dx to support scalable, global deployment of our PCR point-of-care platform and drive long-term growth."To support these efforts, CoSara plans to host a virtual distributor information session in Q2 2026, followed by an in-person distributor meeting and training event later this summer. Distributors interested in participating may contact the Company at info@co-dx.com for more information.*The Co-Dx PCR platform (including the PCR Home®, PCR Pro®, mobile app, and all associated tests) is subject to review by the FDA and/or other regulatory bodies and is not yet available for sale. About Co-Diagnostics, Inc.:
Co-Diagnostics, Inc., a Utah corporation, is a molecular diagnostics company that develops, manufactures and markets state-of-the-art diagnostics technologies. The Company's technologies are utilized for tests that are designed using the detection and/or analysis of nucleic acid molecules (DNA or RNA). The Company also uses its proprietary technology to design specific tests for its Co-Dx PCR at-home and point-of-care platform (subject to regulatory review and not currently for sale) and to identify genetic markers for use in applications other than infectious disease.Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "believes," "expects," "estimates," "intends," "may," "plans," "will," "seeks," "anticipates," and similar expressions, or the negative of these terms. Forward-looking statements in this press release include, but are not limited to, statements regarding: the expected benefits of CoSara's expansion into additional South Asian markets, including the size and potential of the addressable market; plans to establish and develop distribution channels and partnerships in newly added territories; the timing, scope, and success of commercialization efforts for the Co-Dx PCR Pro® instrument, SARAGENE® product line, and related tests; anticipated regulatory pathways, submissions, approvals, and requirements in India and other jurisdictions; the Company's ability to build regional manufacturing and distribution infrastructure; planned distributor engagement activities and their expected outcomes; and the Company's broader strategy for global deployment and adoption of its PCR platform. These forward-looking statements are based on current expectations, estimates, forecasts, and projections, as well as the beliefs and assumptions of management as of the date of this release. Such statements are subject to a number of risks and uncertainties, including, without limitation: risks related to the Company's ability to obtain necessary regulatory approvals in multiple jurisdictions; uncertainties associated with market acceptance and adoption of the Company's products; the ability to successfully establish and manage distribution relationships; competitive dynamics in the global molecular diagnostics market; execution risks associated with international expansion; and general economic, geopolitical, and public health conditions in the regions in which the Company operates or intends to operate. Actual results may differ materially from those expressed or implied in these forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. A further description of risks and uncertainties can be found in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 27, 2025, and in its other filings with the SEC. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law.



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Original: Co-Diagnostics Signs Agreement to Significantly Expand Commercial and Distribution Territory Across South Asia

Co-Diagnostics to Present at Medical Korea 2026March 16, 2026 9:00 AM
PR Newswire (US)

Co-Dx to join WTC Utah and other Utah legislative and industry delegates March 19-22 in Seoul, South KoreaSALT LAKE CITY, March 16, 2026 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq: CODX) ("Co-Dx" or "the Company"), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, today announced that Co-Dx will accompany World Trade Center (WTC) Utah, the Utah Governor's Office of Economic Opportunity (GOEO), BioUtah, and other legislative and industry leaders at Medical Korea 2026, taking place March 19-22 in Seoul, South Korea.







Co-Dx will participate in a healthcare business roundtable on March 19th and will conduct a presentation highlighting the Company's upcoming Co-Dx PCR point-of-care platform*. This year's conference is expected to draw more than 6,000 participants from over 50 countries and will also include B2B introduction opportunities, presentations and special sessions.Participants are invited to visit Co-Dx at the State of Utah booth to learn more about the Company's innovative point-of-care infectious disease diagnostics solutions and how it aligns with the conference theme of "AI-Powered Global Healthcare: Bringing the Future and the World Closer."David Carlebach, COO of WTC Utah, remarked, "South Korea is a priority partner for Utah as both regions work to strengthen a growing trade and investment corridor. To support that effort, World Trade Center Utah and the Utah Governor's Office of Economic Opportunity have established a team in Seoul focused on expanding Utah's presence and partnerships in the market.""WTC Utah is organizing the delegation to attend this conference, connecting Utah companies with partners across South Korea's dynamic healthcare ecosystem," continued Carlebach. "Medical Korea provides a strong platform to advance Utah–South Korea collaboration in healthcare and life sciences, and we look forward to engaging with our partners at the event."The Company's travel and attendance at the conference is made possible in part by a grant from WTC Utah, the official international business promotion organization for the Utah GEOE, which regularly conducts trade missions worldwide to connect Utah businesses with global partners and resources.The 16th annual Medical Korea 2026: Global Healthcare & Medical Tourism Conference, hosted in Seoul, South Korea, brings together international healthcare leaders, government officials, and industry innovators. The event serves as a premier platform for advancing global healthcare collaborations and highlighting emerging medical technologies, fostering cross-border partnerships in healthcare and life sciences.*The Co-Dx PCR platform (including the PCR Home®, PCR Pro®, mobile app, and all associated tests) is subject to review by the FDA and/or other regulatory bodies and is not yet available for sale. About Co-Diagnostics, Inc.:
Co-Diagnostics, Inc., a Utah corporation, is a molecular diagnostics company that develops, manufactures and markets state-of-the-art diagnostics technologies. The Company's technologies are utilized for tests that are designed using the detection and/or analysis of nucleic acid molecules (DNA or RNA). The Company also uses its proprietary technology to design specific tests for its Co-Dx PCR at-home and point-of-care platform (subject to regulatory review and not currently cleared for sale) and to identify genetic markers for use in applications other than infectious disease.Company Contact:                                                            
Andrew Benson                                                                           
Head of Investor Relations                                                 
+1 801.438.1036                                                                                   
investors@codiagnostics.com                                             Investor Contact:
Valter Pinto, Managing Director
KCSA Strategic Communications
+1 212.896.1254
CODX@KCSA.comMedia Contact:
Jennifer Webb
ColtrinMethod PR  
jcoltrin@coltrinmethodpr.com



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Original: Co-Diagnostics to Present at Medical Korea 2026

https://investorshub.advfn.com/stock-market/NASDAQ/co-diagnostics-CODX/trades

Merger completed with APO 101.00pps,
CODX,zero borrow today,

CODX............................................a/h

Co-Diagnostics Receives Japanese Patent Covering Co-Dx PCR Platform TechnologiesMarch 12, 2026 9:00 AM
PR Newswire (US)

SALT LAKE CITY, March 12, 2026 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq: CODX) ("Co-Dx" or "the Company"), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, today announced that the Japan Patent Office ("JPO") has granted Japanese Patent No. 7797537, titled "Systems, Methods, and Apparatus for Automated Self-Contained Biological Analysis." The patent further strengthens Co-Dx's intellectual property portfolio and supports the innovativeness of its novel Co-Dx PCR Pro® instrument, test cups, and other aspects of the point-of-care platform*.







Initially registered on December 26, 2025, the patent includes 34 claims and was filed under the Patent Cooperation Treaty (PCT) to allow the Company to pursue coordinated international protection in countries around the world with a single application."The Japan Patent Office is considered one of the world's most rigorous and meticulous in its review process," said Dwight Egan, Chief Executive Officer of Co-Diagnostics. "We believe that receiving such a comprehensive patent by the JPO illustrates the uniqueness and innovation of the Co-Dx platform, and its potential for transforming how and where infectious diseases are diagnosed. This patent reinforces the global protection of our platform technologies and supports our strategy to expand access to affordable, high-performance point-of-care PCR testing solutions worldwide."The issuance follows the patent granted by the Australian Patent Office in 2025 and further expands the Company's growing patent portfolio, which is designed to protect the Co-Dx PCR platform and associated technologies in key international markets. By securing intellectual property rights in Japan, Co-Diagnostics strengthens its competitive positioning and enhances its ability to pursue commercial opportunities, partnerships, and regulatory initiatives in the region.Co-Diagnostics' Co-Dx PCR point-of-care system is designed to deliver gold-standard PCR accuracy in a compact, user-friendly device suitable for decentralized testing environments. The platform leverages the Company's patented Co-Primers® technology and aims to enable rapid, sensitive, and specific molecular diagnostics across a broad range of applications.The 34 claims in the patent cover the fundamental systems, methods, and apparatus for automated, self-contained biological analysis performed by Co-Dx's PCR platform, and encompasses both the Co-Dx instrument and its proprietary test cups designed for use with the system.*The Co-Dx PCR platform (including the PCR Home®, PCR Pro®, mobile app, and all associated tests) is subject to review by the FDA and/or other regulatory bodies and is not yet available for sale. About Co-Diagnostics, Inc.:Co-Diagnostics, Inc., a Utah corporation, is a molecular diagnostics company that develops, manufactures and markets state-of-the-art diagnostics technologies. The Company's technologies are utilized for tests that are designed using the detection and/or analysis of nucleic acid molecules (DNA or RNA). The Company also uses its proprietary technology to design specific tests for its Co-Dx PCR at-home and point-of-care platform (subject to regulatory review and not currently cleared for sale) and to identify genetic markers for use in applications other than infectious disease.Forward-Looking Statements:This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "believes," "expects," "anticipates," "intends," "plans," "may," "will," "potential," "could," and similar expressions, or the negative of these terms. These statements include, but are not limited to, statements regarding the potential applications, capabilities, regulatory status, commercialization prospects, and market opportunities for the Company's Co-Dx PCR platform, including the Co-Dx PCR Pro® instrument and related technologies, as well as the potential impact of the Company's intellectual property portfolio, including recently issued patents. Forward-looking statements are based on management's current expectations and assumptions as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, among others, risks related to regulatory review and approvals, product development and validation, intellectual property protection, market acceptance of new diagnostic technologies, commercialization efforts, competition, and other risks described in the Company's filings with the Securities and Exchange Commission, including the Risk Factors section of the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on March 27, 2025, and subsequent reports filed with the SEC. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release.



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Original: Co-Diagnostics Receives Japanese Patent Covering Co-Dx PCR Platform Technologies

CODX moved to the Nasdaq from the OTC

https://otce.finra.org/otce/dailyList?viewType=Deletions

$CODX: Relisting on Nasdaq today......................

Now at $5




GO $CODX

Jan 13 short volumes: CODX 65%, FLGT 41%, QDEL 76%, VERU 43%.

CODX delisted from the Nasdaq to the OTC. Stock dropped ~59% from $5.98 to $2.42.

https://otce.finra.org/otce/dailyList?viewType=Additions

Ongoing self-enrichment thrives while lazy company fails!

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On January 7, 2026, Co-Diagnostics, Inc. (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that the Staff had determined to delist the Company’s common stock from The Nasdaq Capital Market due to the Company’s continued non-compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Rule”). The Company plans to timely request a hearing before the Nasdaq Hearings Panel to address the bid price deficiency; however, the Company’s securities will be suspended from trading on The Nasdaq Capital Market effective at the open of trading on January 14, 2026, in accordance with Nasdaq Listing Rule 5815(a)(1)(B)(ii)(d), notwithstanding the hearing request. It is expected that the Company’s securities will trade on the Pink Limited Information tier of the OTC Market under its current trading symbol: “CODX.”

Importantly, the bid price for the Company’s common stock has closed at or above $1.00 per share since January 2, 2026, following its 1 for 30 reverse stock split, which was effective on January 2, 2026. In the event the Company evidences a closing bid price of at least $1.00 per share for the minimum 10-consecutive business day period ending January 15, 2026, the Company will seek a compliance determination from the Staff and cancelation of the hearing. There can be no assurance, however, that the Company will regain compliance or that any such determination would affect the timing or implementation of the trading suspension described in the Notice.

By way of background, and as previously disclosed, on January 10, 2025, the Company was notified by Nasdaq that it did not satisfy the Rule because the bid price of the Company’s common stock had closed below $1.00 per share for 30 consecutive business days. The Company was provided with an initial 180-calendar-day compliance period, which expired on July 9, 2025, and was granted a second 180-calendar-day compliance period, which expired on January 5, 2026. Because the Company’s shares of common stock did not trade above $1.00 per share for 10 consecutive trading shares prior to January 5, 2026, the Company did not evidence compliance with the Rule, which in turn resulted in the Staff’s issuance of the Notice.



$ 2.75

Jan 12 short volumes: CODX 46%, FLGT 66%, QDEL 78%, VERU 56%.

Jan 9 short volumes: CODX 32%, FLGT 49%, QDEL 78%, VERU 51%.

Jan 8 short volumes: CODX 44%, FLGT 40%, QDEL 71%, VERU 38%.

Jan 7 short volumes: CODX 47%, FLGT 40%, QDEL 55%, VERU 21%.

Jan 6 short volumes: CODX 48%, FLGT 43%, QDEL 54%, VERU 17%.

Jan 5 short volumes: CODX 46%, FLGT 43%, QDEL 67%, VERU 36%.

Jan 2 short volumes: CODX 46%, FLGT 52%, QDEL 79%, VERU 21%.

Dec 31 short volumes: CODX 67%, FLGT 29%, QDEL 44%, VERU 42%.

Dec 31 short volumes: CODX 67%, FLGT 29%, QDEL 44%, VERU 42%.

Dec 30 short volumes: CODX 78%, FLGT 29%, QDEL 74%, VERU 41%.

Dec 29 short volumes: CODX 37%, FLGT 38%, QDEL 65%, VERU 26%.

Dec 26 short volumes: CODX 35%, FLGT 48%, QDEL 73%, VERU 31%.

Dec 24 short volumes: CODX 42%, FLGT 56%, QDEL 54%, VERU 39%.

Dec 23 short volumes: CODX 33%, FLGT 44%, QDEL 70%, VERU 23%.

Dec 22 short volumes: CODX 30%, FLGT 36%, QDEL 56%, VERU 18%.

Dec 19 short volumes: CODX 35%, FLGT 26%, QDEL 48%, VERU 40%.

Dec 18 short volumes: CODX 37%, FLGT 41%, QDEL 54%, VERU 43%.

Dec 17 short volumes: CODX 41%, FLGT 45%, QDEL 55%, VERU 27%.

Dec 16 short volumes: CODX 30%, FLGT 54%, QDEL 58%, VERU 34%.

Dec 15 short volumes: CODX 39%, FLGT 46%, QDEL 64%, VERU 20%.

Dec 12 short volumes: CODX 44%, FLGT 43%, QDEL 62%, VERU 16%.

Dec 11 short volumes: CODX 45%, FLGT 43%, QDEL 49%, VERU 28%.

Dec 10 short volumes: CODX 37%, FLGT 45%, QDEL 46%, VERU 20%.

Dec 9 short volumes: CODX 53%, FLGT 43%, QDEL 56%, VERU 17%.