CODX Bullish Setup

CODX has now gained great bullish momentum for a breakout to the following targets. The Butterfly pattern is also indicating a new bullish trend to TP3 can take place.

Note

Trade closed: stop reached

Note

Second Quarter 2022 Financial Results:

Revenue of $5.0 million, down from $27.4 million during the prior year period, due primarily to lower demand of the Logix Smart™ COVID-19 Test

Gross profit of $4.1 million, representing 81.8% of consolidated revenue stemming from inefficiencies in lower sales volumes

Operating loss of $4.1 million compared to operating income of $11.8 million a year ago, due to lower sales volumes and continued investments into research and development

Net loss of $2.7 million, compared to a net income of $9.8 million in the prior-year second quarter, representing a loss of $0.08 per fully diluted share

Adjusted EBITDA loss of $2.3 million

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Zivul33

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🦦🎢👍🏻
Trend Breakout architect
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