QuidelOrtho (QDEL) Research & Development (2021 - 2024)
QuidelOrtho (QDEL) posted Research & Development of $59.2 million for Q1 2024, down 50.17% sequentially from $118.8 million in Q4 2023, and down 4.98% YoY from $62.3 million in Q2 2023.
QuidelOrtho (QDEL) Research & Development (2021 - 2024) Analysis & Trends
QuidelOrtho has reported Research & Development for 4 years, with the latest figure at $59.2 million in Q1 2024.
- Quarterly Research & Development fell 4.98% year-over-year to $59.2 million in Q1 2024, while the trailing twelve-month figure through Mar 2024 was $303.2 million (up 8.13% YoY) and the FY2024 annual result came in at $218.7 million, down 10.73% from the prior year.
- Research & Development retreated to $59.2 million in Q1 2024 per QDEL's latest filing, from $118.8 million in the prior quarter.
- Over five years, Research & Development peaked at $118.8 million in Q4 2023 and troughed at $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.
- The sharpest annual moves came in 2022 and 2024: Research & Development soared 176.79% in 2022, then dropped 4.98% in 2024.
- Over 4 years, Research & Development stood at $23.7 million in 2021, then jumped by 176.79% to $65.6 million in 2022, then soared by 81.1% to $118.8 million in 2023, then sank 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 200.19 Bn | 194.59 Bn | 7.27 Bn | 892.00 Mn |
| 2 | Stryker | 129.95 Bn | 126.47 Bn | 4.50 Bn | 434.00 Mn |
| 3 | Medtronic | 120.06 Bn | 110.84 Bn | 6.41 Bn | 671.00 Mn |
| 4 | Boston Scientific | 74.14 Bn | 73.60 Bn | 3.85 Bn | 554.00 Mn |
| 5 | Edwards Lifesciences | 52.74 Bn | 48.49 Bn | 1.35 Bn | 278.90 Mn |
| 6 | Dexcom | 34.60 Bn | 32.65 Bn | 830.00 Mn | 153.00 Mn |
| 7 | GE HealthCare Technologies | 34.20 Bn | 32.10 Bn | 2.18 Bn | 323.00 Mn |
| 8 | Koninklijke Philips | 26.46 Bn | 23.13 Bn | 4.55 Bn | -562.58 Mn |
| 9 | Steris | 23.25 Bn | 22.77 Bn | 684.20 Mn | 28.60 Mn |
| 10 | QuidelOrtho | 1.03 Bn | 908.95 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 |