QuidelOrtho (QDEL) Operating Expenses (2021 - 2024)
QuidelOrtho (QDEL) posted Operating Expenses of $286.5 million for Q1 2024, down 40.11% sequentially from $478.4 million in Q4 2023, and down 2.68% YoY from $294.4 million in Q2 2023.
QuidelOrtho (QDEL) Operating Expenses (2021 - 2024) Analysis & Trends
QuidelOrtho has reported Operating Expenses for 4 years, with the latest figure at $286.5 million in Q1 2024.
- Quarterly Operating Expenses fell 2.68% year-over-year to $286.5 million in Q1 2024, while the trailing twelve-month figure through Dec 2024 was $286.5 million (down 78.33% YoY) and the FY2024 annual result came in at $1.1 billion, down 0.79% from the prior year.
- Operating Expenses slipped to $286.5 million in Q1 2024 per QDEL's latest filing, from $478.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $707.6 million in Q1 2023 and troughed at $77.9 million in Q3 2021.
- A 4-year average of $284.0 million and a median of $283.0 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 241.64% in 2022, then tumbled 32.39% in 2023.
- Over 4 years, Operating Expenses stood at $86.7 million in 2021, then jumped by 241.64% to $296.2 million in 2022, then jumped by 61.51% to $478.4 million in 2023, then sank by 40.11% to $286.5 million in 2024.
- According to Business Quant data, Operating Expenses over the past three periods registered $286.5 million, $478.4 million, and $283.0 million for Q1 2024, Q4 2023, and Q4 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 200.20 Bn | 194.60 Bn | 7.27 Bn | 10.90 Bn |
| 2 | Stryker | 129.69 Bn | 126.21 Bn | 4.50 Bn | 2.84 Bn |
| 3 | Medtronic | 120.14 Bn | 110.92 Bn | 6.41 Bn | 3.59 Bn |
| 4 | Boston Scientific | 74.16 Bn | 73.62 Bn | 3.85 Bn | 2.67 Bn |
| 5 | Edwards Lifesciences | 52.68 Bn | 48.43 Bn | 1.35 Bn | 846.40 Mn |
| 6 | Dexcom | 34.57 Bn | 32.62 Bn | 830.00 Mn | 511.70 Mn |
| 7 | GE HealthCare Technologies | 34.09 Bn | 31.98 Bn | 2.18 Bn | 1.44 Bn |
| 8 | Koninklijke Philips | 26.49 Bn | 23.17 Bn | 4.55 Bn | -741.59 Mn |
| 9 | Steris | 23.19 Bn | 22.70 Bn | 684.20 Mn | 398.30 Mn |
| 10 | QuidelOrtho | 995.14 Mn | 871.74 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 286.50 Mn |
| Dec 31, 2023 | 478.40 Mn |
| Oct 1, 2023 | 283.00 Mn |
| Jul 2, 2023 | 266.10 Mn |
| Apr 2, 2023 | 294.40 Mn |
| Jan 1, 2023 | 707.60 Mn |
| Oct 2, 2022 | 296.20 Mn |
| Jul 3, 2022 | 232.80 Mn |
| Apr 3, 2022 | 114.20 Mn |
| Oct 3, 2021 | 86.70 Mn |
| Jul 4, 2021 | 77.90 Mn |