You should not rely on forward-looking statements as predictions of future events because these statements are based on assumptions that may not come true and are speculative by their nature. This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. QuidelOrtho Reports Preliminary Revenue Results for Third Quarter 2022 QuidelOrtho annual/quarterly revenue history and growth rate from 2010 to 2023. IR@Quidel.com. SAN DIEGO, CA and RARITAN, NJ--(BUSINESS WIRE)- December 23, 2021 - Quidel Corporation (NASDAQ: QDEL) ("Quidel") and Ortho Clinical Diagnostics Holdings plc (NASDAQ: OCDX) ("Ortho") today announced that they have entered into a definitive agreement in which Quidel will acquire Ortho, one of the world's largest in vitro diagnostics companies, for $24.68 per share of common stock using a . QuidelOrtho Reports Preliminary Revenue Results for the First Quarter Investor Contact: The firms Point-of-Care sales grew by 178.7%, from $131.7m to $367m, while the Molecular Diagnostics business revenue was down 40% to $20.7m, from $34.5m reported a year ago. All forward-looking statements are based on information currently available to QuidelOrtho and speak only as of the date hereof. Adjusted EBITDA includes Ortho activities from May 27, 2022 through January 1, 2023. 3. Quidel on Thursday announced it has entered into an agreement to buy Ortho Clinical Diagnostics in a deal valued at $6 billion. Revenue: $534.2 Million(2019) Number of employees. Following the release of the financial results, QuidelOrtho will hold a conference call beginning at 2:00 p.m. PDT/5:00 p.m. EDT to discuss the financial results. Please be aware that we do not take any responsibility for your accessing such information that may not comply with any legal process, regulation, registration or usage in the country of your origin. Because this non-GAAP financial measure excludes the effect of items that will increase or decrease the Companys reported results of operations, management strongly encourages investors to review the Companys consolidated financial statements and reports filed with the Commission in their entirety. Quidel: A Long-Term Revenue Growth Story - Seeking Alpha Inspired by a spirit of service, QuidelOrtho is committed to enhancing the well-being of people worldwide and happy in the knowledge we are making a difference. Quidel shares fell 17.8% in Thursday morning trading on the news. Excluding the revenue from Covid-19 products revenue, the revenue for the total supplemental business increased by 9%. QuidelOrtho Corporation (Nasdaq: QDEL) (the "Company" or "QuidelOrtho"), a global provider of innovative in vitro diagnostics technologies designed for point-of-care settings, clinical labs and transfusion medicine, today announced preliminary unaudited revenue results for the fourth quarter and full year ended January 1, 2023. Other regions include Latin America, Japan and other . After submitting your request, you will receive an activation email to the requested email address. Quidel Corporation and Ortho Clinical Diagnostics are now QuidelOrtho. The Companys definition of this non-GAAP measure may differ from similarly titled measures used by others. SAN DIEGO-- (BUSINESS WIRE)-- QuidelOrtho Corporation (Nasdaq: QDEL) (the "Company" or "QuidelOrtho"), a global provider of innovative in vitro diagnostic technologies designed for point-of-care settings, clinical labs and transfusion medicine, today announced preliminary revenue results for the first quarter ended April 2, 2023. You can sign up for additional alert options at any time. Quidel - Overview, News & Competitors | ZoomInfo.com The preliminary revenue results described herein are based on managements initial analysis for the first quarter ended April 2, 2023 and are subject to adjustments based on the Companys completion of its quarter-end financial close process. The components of supplemental combined revenues are as follows: Percent change is calculated using the midpoint of the provided range. A replay of the conference call will be available shortly after the event on the Investor Relations page of QuidelOrthos website, under the Events & Presentations section. Such statements are based on the beliefs and expectations of QuidelOrthos management as of today and are subject to significant risks and uncertainties. IR@QuidelOrtho.com, Internet Explorer presents a security risk. Inspired by a spirit of service, QuidelOrtho is committed to enhancing the well-being of people worldwide and happy in the knowledge we are making a difference. The preliminary revenue results described herein are based on managements initial analysis for the first quarter ended April 2, 2023 and are subject to adjustments based on the Companys completion of its quarter-end financial close process. ET to discuss its financial results for the fourth quarter ended January 1, 2023. SAN DIEGO, CA - QuidelOrtho Corporation (NASDAQ: QDEL)(QuidelOrtho), a global provider of innovative in vitro diagnostics technologies designed for point-of-care settings, clinical labs and transfusion medicine, today announced preliminary unaudited revenue results for the fourth quarter and full year ended January 1, 2023. For more information, please visit www.quidelortho.com. Interested parties can access the conference call on the Events & Presentations section of the Investor Relations page of QuidelOrthos website at https://ir.quidelortho.com/. The increase in first quarter revenue results was driven by our Labs business unit, including an approximate $21 million settlement related to one of our collaboration agreements. The components of supplemental combined revenues are as follows: Percent change is calculated using the midpoint of the provided range. media@quidelortho.com, Declaration for California Compliance for Healthcare Providers. Actual results or outcomes may differ significantly from those set forth or implied in the forward-looking statements. Read More. Those unable to access the webcast may join the call via phone by dialing 833-470-1428 (domestic) or 404-975-4839 (international) and entering Conference ID number 036290. This non-GAAP financial measure reflects an additional way of viewing aspects of the Companys operations that, when viewed with GAAP results and the reconciliation to the corresponding GAAP financial measure, may provide a more complete understanding of factors and trends affecting the Companys business. Pro forma percent change is calculated using the midpoint of the provided range and pro forma historical revenues. SAN DIEGO, January 06, 2023--(BUSINESS WIRE)--QuidelOrtho Corporation (Nasdaq: QDEL) (the "Company" or "QuidelOrtho"), a global provider of innovative in vitro diagnostics technologies designed for point-of-care settings, clinical labs and transfusion medicine, today announced preliminary unaudited revenue results for the fourth quarter and full year ended January 1, 2023. These statements include, but are not limited to, the benefits and results of the Combinations and integration of the businesses of Quidel and Ortho, including QuidelOrthos execution of cost and revenue synergies, commercial, integration and other strategic goals, future financial and operating results, future plans, objectives, strategies, expectations and intentions and other statements that are not historical facts. QuidelOrtho to Report Fourth Quarter and Full Year 2022 Financial Results on February 15, 2023. PDF QuidelOrtho Financial Results 1Q 2023 - Seeking Alpha According to QuidelOrtho 's latest financial reports the company's current revenue (TTM) is $3.26 B . Our companys comprehensive product portfolio delivers accuracy, speed, automation and access, providing critical information when and where it is needed most. Reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure is included in the tables accompanying this press release. SAN DIEGO, October 12, 2022 -- ( BUSINESS WIRE )-- QuidelOrtho Corporation (NASDAQ: QDEL) (the "Company" or "QuidelOrtho"), a global provider of innovative in vitro diagnostics technologies. Additionally, this website contains information on products that is targeted to many different audiences and could contain product details or information otherwise not accessible or valid in your country. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Under the terms of the agreement governing the transaction, Ortho shareholders will . In this quarter, QuidelOrthos Labs business reported $342m revenue, compared with $340.5m in the same period of the previous year, and the Transfusion Medicine business grew by 3.9%, from $162.4m to $168.8m. This non-GAAP financial measure reflects an additional way of viewing aspects of the Companys operations that, when viewed with GAAP results and the reconciliation to the corresponding GAAP financial measure, may provide a more complete understanding of factors and trends affecting the Companys business. This press release contains constant currency revenue growth, which is considered a non-GAAP financial measure under applicable rules and regulations of the Commission. For more information, please visit www.quidelortho.com. QuidelOrtho will report financial results for its first quarter 2023 after the market close on Wednesday, May 3, 2023. Ranked among the worlds largestin vitrodiagnostics (IVD) providers with more than 120 years of collective experience, we combine industry-leading expertise in immunoassay and molecular testing with a global footprint in clinical labs and transfusion medicine. This non-GAAP financial measure reflects an additional way of viewing aspects of the Companys operations that, when viewed with GAAP results and the reconciliation to the corresponding GAAP financial measure, may provide a more complete understanding of factors and trends affecting the Companys business. The Companys definition of this non-GAAP measure may differ from similarly titled measures used by others. The Companys definition of this non-GAAP measure may differ from similarly titled measures used by others. 'One for the record books': Quidel posts $1B in revenue, beating Following the release of financial results, QuidelOrtho will hold a conference call beginning at 2:00 p.m. PST / 5:00 p.m. EST to discuss the financial results. Read more. QuidelOrtho Corporation (Nasdaq: QDEL) unites the power of Quidel Corporation and Ortho Clinical Diagnostics behind a shared mission of developing and manufacturing innovative technologies that raise the performance of diagnostic testing and create better patient outcomes across the entire healthcare continuum. Cost of sales, excluding amortization of intangibles, Weighted-average shares outstanding - basic, Weighted-average shares outstanding - diluted, Prepaid expenses and other current assets, Total liabilities and stockholders equity, Condensed Consolidated Statements of Cash Flows, Cash provided by (used for) financing activities, (Decrease) increase in cash, cash equivalents and restricted cash, Cash, cash equivalents and restricted cash at beginning of period, Cash, cash equivalents and restricted cash at end of period. These statements in this press release may be identified by words such as may, will, would, should, might, expect, anticipate, believe, estimate, plan, intend, goal, project, strategy, future, continue or similar words, expressions or the negative of such terms or other comparable terminology. Percent change is calculated using the midpoint of the provided range. The term constant currency means we have translated local currency revenues for all reporting periods to U.S. dollars using currency exchange rates held constant for each year. You must click the activation link in order to complete your subscription. 05/16/22. By providing your email address below, you are providing consent to QuidelOrtho Corporation to send you the requested Investor Email Alert updates. The Companys actual results of operations and financial position will differ, potentially significantly, from the Supplemental Combined Information reflected in this press release as a result of the methodology used to prepare the Supplemental Combined Information as well as a variety of factors, including but not limited to the effect of certain expected financial benefits of the Combinations (such as revenue and cost synergies), the anticipated costs to achieve these benefits (including the cost of integration activities), tax impacts, and changes in operating results following the date of this press release. The Company expects total revenues in the full year of 2022 to be in the range of $4,038 million to $4,053 million. Interested parties can access the conference call on the Events & Presentations section of the Investor Relations page of QuidelOrthos website at https://ir.quidelortho.com/. This additional non-GAAP financial information is not meant to be considered in isolation from or as substitute for financial information prepared in accordance with GAAP. Private equity deal activity in the medical devices industry in North America decreased by 18% in Q1 2023, Privacy and compliance in the medical industry: how firms can walk the tightrope. Adjusted EBITDA margin for the fourth quarter of 2022 was 28.3%, compared to 45.6% for the fourth quarter of 2021. Non-respiratory product revenue is expected to be in the range of $578 million to $583 million, representing 5% growth on a supplemental combined basis and 7% growth on a constant currency basis at the midpoint. Ranked among the worlds largest in vitro diagnostics (IVD) providers with more than 120 years of collective experience, we combine industry-leading expertise in immunoassay and molecular testing with a global footprint in clinical labs and transfusion medicine. The Company expects total revenues in the first quarter of 2023 to be in the range of $840 million to $850 million. Quidel recorded its best-ever revenue performance in 2021 at $1.699 billion despite its gross profit falling to $1.271 billion YOY. GAAP operating income for the fourth quarter of 2022 was $86.5 million, compared to $376.7 million for the fourth quarter of 2021, and GAAP operating margin was 10% and 59% for the fourth quarters of 2022 and 2021, respectively. This non-GAAP financial measure reflects an additional way of viewing aspects of the Companys operations that, when viewed with GAAP results and the reconciliation to the corresponding GAAP financial measure, may provide a more complete understanding of factors and trends affecting the Companys business. QuidelOrtho revenue for the quarter ending March 31, 2023 was, QuidelOrtho revenue for the twelve months ending March 31, 2023 was. Reconciliation of Non-GAAP Financial Information. QuidelOrtho Reports Preliminary Revenue Results for Fourth Quarter and This non-GAAP financial measure should be considered supplemental to, and not a substitute for, financial information prepared in accordance with U.S. generally accepted accounting principles ("GAAP"). QuidelOrtho (QDEL) delivered earnings and revenue surprises of 28.57% and 0.13%, respectively, for the quarter ended March 2023. Additional risks and factors are identified under Risk Factors in QuidelOrthos Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the Commission) on August 5, 2022, and subsequent reports filed with the Commission. SAN DIEGO, April 13, 2023 -- ( BUSINESS WIRE )-- QuidelOrtho Corporation (Nasdaq: QDEL) (the "Company" or "QuidelOrtho"), a global provider of innovative in vitro diagnostic technologies designed. QuidelOrtho Corporation (Nasdaq: QDEL) unites the power of Quidel Corporation and Ortho Clinical Diagnostics behind a shared mission of developing and manufacturing innovative technologies that raise the performance of diagnostic testing and create better patient outcomes across the entire healthcare continuum. The Company expects total revenues in the first quarter of 2023 to be in the range of $840 million to $850 million. QuidelOrtho Reports Preliminary Revenue Results for Fourth Quarter and Following the release of the financial results, QuidelOrtho will hold a conference call beginning at 2:00 p.m. PDT/5:00 p.m. EDT to discuss the financial results. QuidelOrtho The future of diagnostics is at hand United as one, we are transforming the power of diagnostics into a healthier future for all. media@QuidelOrtho.com. All forward-looking statements are based on information currently available to QuidelOrtho and speak only as of the date hereof. Ranked among the worlds largest in vitro diagnostics (IVD) providers with more than 120 years of collective experience, we combine industry-leading expertise in immunoassay and molecular testing with a global footprint in clinical labs and transfusion medicine. This additional non-GAAP financial information is not meant to be considered in isolation from or as substitute for financial information prepared in accordance with GAAP. QuidelOrtho chairman and CEO Douglas Bryant said: Im incredibly pleased with the way our employees have come together to deliver a strong start as a combined company. Because non-GAAP financial measures exclude the effect of items that will increase or decrease the Companys reported results of operations, management strongly encourages investors to review the Companys consolidated financial statements and reports filed with the Commission in their entirety. Additional risks and factors are identified under "Risk Factors" in QuidelOrthos Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the "Commission") on August 5, 2022, and subsequent reports filed with the Commission. QuidelOrtho will report financial results for its fourth quarter and full year 2022 after the market close on Wednesday, February 15, 2023. QuidelOrtho reports 247% surge in Q2 2022 revenue As we look ahead, our supply chain is improving, we are focused on our key growth drivers and we are confident in our ability to deliver sustainable high-single-digit growth over the coming years.. If you do not agree to these terms, do not use the website. You should not rely on forward-looking statements as predictions of future events because these statements are based on assumptions that may not come true and are speculative by their nature. The following factors, among others, could cause actual results to differ from those set forth or implied in the forward-looking statements: the challenges and costs of integrating, restructuring and achieving anticipated synergies as a result of the business combination; the ability to retain key employees; and other economic, business, competitive and/or regulatory factors affecting the business of QuidelOrtho generally.
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