QuidelOrtho (QDEL) Research & Development (2021 - 2024)
QuidelOrtho recorded quarterly Research & Development of $59.2 million in Q1 2024, down 50.17% quarter-over-quarter from $118.8 million in Q4 2023, and down 4.98% year-over-year from $62.3 million in Q2 2023.
QuidelOrtho's Research & Development history runs 4 years deep, the most recent figure standing at $59.2 million for Q1 2024.
- In Q1 2024, Research & Development fell 4.98% year-over-year to $59.2 million; the TTM figure through Mar 2024 stood at $303.2 million (up 8.13% YoY), while the FY2024 annual figure was $218.7 million, down 10.73% from the prior year.
- Research & Development came in at $59.2 million for Q1 2024 at QuidelOrtho, down from $118.8 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $118.8 million in Q4 2023 to a low of $22.6 million in Q3 2021.
- A 4-year average of $59.7 million and a median of $62.3 million in 2023 frame the typical range for Research & Development.
- Across the five-year window, Research & Development surged 176.79% in 2022 and slipped 4.98% in 2024, its largest moves.
- QuidelOrtho's Research & Development stood at $23.7 million in 2021, then soared by 176.79% to $65.6 million in 2022, then surged by 81.1% to $118.8 million in 2023, then plunged by 50.17% to $59.2 million in 2024.
- According to Business Quant data, Research & Development over the past three periods registered $59.2 million, $118.8 million, and $62.4 million for Q1 2024, Q4 2023, and Q4 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 767.00 Mn |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 413.00 Mn |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 722.00 Mn |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 516.00 Mn |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | 263.30 Mn |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | -461.27 Mn |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 145.30 Mn |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 345.00 Mn |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 28.80 Mn |
| 10 | QuidelOrtho | 898.19 Mn | 757.79 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 59.20 Mn |
| Dec 31, 2023 | 118.80 Mn |
| Oct 1, 2023 | 62.40 Mn |
| Jul 2, 2023 | 62.80 Mn |
| Apr 2, 2023 | 62.30 Mn |
| Jan 1, 2023 | 118.30 Mn |
| Oct 2, 2022 | 65.60 Mn |
| Jul 3, 2022 | 34.20 Mn |
| Apr 3, 2022 | 26.40 Mn |
| Oct 3, 2021 | 23.70 Mn |
| Jul 4, 2021 | 22.60 Mn |