QuidelOrtho (QDEL) Operating Expenses (2021 - 2024)
QuidelOrtho (QDEL) reported Operating Expenses of $286.5 million for Q1 2024, down 2.68% on a YoY basis from $294.4 million in Q2 2023, and down 40.11% sequentially from $478.4 million in Q4 2023.
QuidelOrtho (QDEL) Operating Expenses (2021 - 2024) Analysis & Trends
QuidelOrtho (QDEL) has 4 years of Operating Expenses data on file, last reported at $286.5 million in Q1 2024.
- For the quarter ending Q1 2024, Operating Expenses fell 2.68% year-over-year to $286.5 million; the trailing twelve-month figure through Dec 2024 stood at $286.5 million (down 78.33% YoY), and the FY2024 full-year result was $1.1 billion, down 0.79% from the prior year.
- Operating Expenses slipped to $286.5 million in Q1 2024, from $478.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $707.6 million in Q1 2023 to a low of $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.
- Across the five-year window, Operating Expenses jumped 241.64% in 2022 and sank 32.39% in 2023, its largest moves.
- Tracing QDEL's Operating Expenses over 4 years: 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 slumped by 40.11% to $286.5 million in 2024.
- Business Quant data shows QDEL's Operating Expenses at $286.5 million in Q1 2024, $478.4 million in Q4 2023, and $283.0 million in Q4 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 9.82 Bn |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 2.87 Bn |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 3.59 Bn |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | 2.51 Bn |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | 785.50 Mn |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 495.00 Mn |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | -668.50 Mn |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | 1.46 Bn |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | -47.00 Mn |
| 10 | QuidelOrtho | 1.13 Bn | 990.36 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 |