QuidelOrtho (QDEL) Operating Expenses (2021 - 2024)
QuidelOrtho's (QDEL) quarterly Operating Expenses came in at $286.5 million in Q1 2024, down 2.68% year-over-year from $294.4 million in Q2 2023, and down 43.56% quarter-over-quarter from $507.6 million in Q4 2023.
Analysis
QuidelOrtho (QDEL) Operating Expenses (2021 - 2024) Analysis & Trends
QuidelOrtho has disclosed Operating Expenses across 4 years of filings, most recently posting $286.5 million for Q1 2024.
- In Q1 2024, Operating Expenses fell 2.68% year-over-year to $286.5 million; the TTM figure through Mar 2024 stood at $1.3 billion (down 12.27% YoY), while the FY2024 annual figure was $1.1 billion, down 0.79% from the prior year.
- Operating Expenses came in at $286.5 million for Q1 2024 at QuidelOrtho, down from $507.6 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.
- Average Operating Expenses over 4 years is $286.6 million, with a median of $283.0 million recorded in 2023.
- Year-over-year, Operating Expenses surged 241.64% in 2022 and dropped 28.26% in 2023.
- Over 4 years, Operating Expenses stood at $86.7 million in 2021, then surged by 241.64% to $296.2 million in 2022, then surged by 71.37% to $507.6 million in 2023, then slumped by 43.56% to $286.5 million in 2024.
- Per Business Quant data, the three most recent Operating Expenses figures were $286.5 million in Q1 2024, $507.6 million in Q4 2023, and $283.0 million in Q4 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE HealthCare Technologies | 29.85 Bn | 27.74 Bn | 2.18 Bn | 1.44 Bn |
| 2 | Lantheus Holdings | 6.57 Bn | 5.98 Bn | 241.86 Mn | 103.44 Mn |
| 3 | Heartflow | 4.11 Bn | 3.74 Bn | 53.19 Mn | 71.09 Mn |
| 4 | Neogen | 2.59 Bn | 2.40 Bn | 107.80 Mn | 104.70 Mn |
| 5 | Butterfly Network | 1.99 Bn | 1.87 Bn | 23.29 Mn | 36.95 Mn |
| 6 | Ceribell | 924.56 Mn | 795.30 Mn | 25.94 Mn | 45.92 Mn |
| 7 | QuidelOrtho | 874.92 Mn | 751.52 Mn | - | - |
| 8 | Varex Imaging | 779.06 Mn | 679.86 Mn | 76.70 Mn | 53.90 Mn |
| 9 | Prenetics Global | 340.90 Mn | 281.85 Mn | 30.20 Mn | -10.82 Mn |
| 10 | CapsoVision | 324.09 Mn | 315.02 Mn | 1.87 Mn | 9.45 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 286.50 Mn |
| Dec 31, 2023 | 507.60 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 |