QuidelOrtho (QDEL) Operating Expenses (2021 - 2024)
QuidelOrtho recorded quarterly Operating Expenses of $286.5 million in Q1 2024, down 40.11% quarter-over-quarter from $478.4 million in Q4 2023, and down 2.68% year-over-year from $294.4 million in Q2 2023.
QuidelOrtho's Operating Expenses history runs 4 years deep, the most recent figure standing at $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 Dec 2024 stood at $286.5 million (down 78.33% 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 $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 surged 241.64% in 2022 and slumped 32.39% in 2023, its largest moves.
- QuidelOrtho's Operating Expenses stood at $86.7 million in 2021, then soared by 241.64% to $296.2 million in 2022, then soared by 61.51% to $478.4 million in 2023, then plunged 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 9.82 Bn |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 2.87 Bn |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 3.76 Bn |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 2.51 Bn |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | 822.60 Mn |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | -668.50 Mn |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 495.00 Mn |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 1.46 Bn |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 380.30 Mn |
| 10 | QuidelOrtho | 898.19 Mn | 757.79 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 |