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.
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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VIRES IN NUMERIS
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Trend Breakout architect
—> join my free telegram channel ✅🚀✅🚀✅🚀
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🦦🎢👍🏻
Trend Breakout architect
—> join my free telegram channel ✅🚀✅🚀✅🚀
t.me/cryptosanction
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.