Such statements are based on the beliefs and expectations of QuidelOrthos management as of today and are subject to significant risks and uncertainties. QuidelOrtho will hold a conference call today at 2:00 p.m. PT / 5:00 p.m. COVID-19 product revenue is expected to be in the range of $124 million to $134 million and non-COVID-19 product revenue is expected to be in the range of $729 million to $734 million, representing 485% growth on a GAAP basis and . A replay of the conference call will be available shortly after the event on the Investor Relations page of the Companys website, under the Events & Presentations section. In 2021 the company made a revenue of $1.69 B an increase over the years 2020 revenue that were of $1.66 B .The revenue is the total amount of income that a company generates by the sale of goods or services. 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. 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. Quidel announced it would acquire Ortho Clinical Diagnostics Holdings for $6 . 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). By accessing, browsing and/or using this website, you acknowledge that you have read, understood, and agree to be bound by QuidelOrthos Website Terms of Use, Privacy Notice and to comply with all applicable laws and regulations. QuidelOrtho Reports Second Quarter 2022 Financial Results - Yahoo Finance 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. 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. 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. 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. Reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure is included in the tables accompanying this press release. Learn More In global pursuit of better health outcomes Presentation materials will also be posted to the Events & Presentations section of the Investor Relations page of the Companys website at the time of the call. Quidel develops, manufactures, and markets diagnostic testing solutions for applications in infectious diseases, cardiology, thyroid, women's and general health, eye health, gastrointestinal diseases, and toxicology worldwide. The Company's definitions of these non-GAAP measures may . For more information, please visit www.quidelortho.com. SAN DIEGO--(BUSINESS WIRE)-- ET to discuss its financial results for the fourth quarter ended January 1, 2023. The Companys definition of this non-GAAP measure may differ from similarly titled measures used by others. 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. Percent change is calculated using the midpoint of the provided range. Interested parties can access the call on the Events & Presentations section of the Investor Relations page of the Companys website at https://ir.quidelortho.com/. 1 in Customer Satisfaction for 5 Years in a Row (prnewswire.com), Quidel Named First Partner at SDSU Mission Valley Innovation District, Founding Partner at Snapdragon Stadium, Quidel Corporation and the American Heart Association join forces to advance education and awareness of heart disease in San Diego County, Heres How San Diego Biotech Helped Fight The COVID-19 Pandemic, QuidelOrtho Formed by the Completion of Quidels Acquisition of Ortho Clinical Diagnostics, Quidel and Ortho Announce Expected Closing of Ortho Transaction, Quidel Announces Stockholder Approval of Ortho Acquisition and Business Combination, Quidel Corporation and Ortho Clinical Diagnostics to exhibit at the 2022 AACC Annual Scientific Meeting + Clinical Lab Expo, Quidel Reports First Quarter 2022 Financial Results, How Quidel Navigated COVID-19: A conversation with Quidel President and CEO Doug Bryant, Quidel Corporate Signs Definitive Agreement to Acquire Ortho Clinical Diagnostics, 9975 Summers Ridge RoadSan Diego, CA 92121, USA. 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. "Our team delivered solid non-respiratory revenue growth across all major geographic regions, with notable strength in China, demonstrating the power of our newly created scale and breadth of offerings across the diagnostics continuum, as well as the durability of our business model. 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.. After submitting your request, you will receive an activation email to the requested email address. We delivered exceptional results in the fourth quarter to close out a transformative year, supported by growth across our Molecular Diagnostics, Transfusion Medicine, and Point of Care business units. This strong start to the year was supported by delivering more instruments driving strong results in our Labs business as well as better-than-expected results in the Point of Care business, said Douglas Bryant, President and Chief Executive Officer of QuidelOrtho. Investor Contact: View source version on businesswire.com: https://www.businesswire.com/news/home/20230106005438/en/, Investor Contact:Bryan Brokmeier, CFAIR@Quidel.com, 33 Undervalued Australian Stocks For 2023, https://www.businesswire.com/news/home/20230106005438/en/. 05/16/22. Please check your download folder. 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. The leading site for news and procurement in the medical device industry, The future of tissue regeneration through 3D bioprinting. 3. Revenue: $534.2 Million(2019) Number of employees. QuidelOrtho, formerly known as Quidel Corporation, is based in SAN DIEGO. 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). At QuidelOrtho Corporation, we promise to treat your data with respect and will not share your information with any third party. For more information, please visit www.quidelortho.com. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. 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. 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-- (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. Bryan Brokmeier, CFA The increase in second-quarter revenue was primarily led by the consummation of the business combination, which occurred on 27 May, between Quidel Corporation, Ortho Clinical Diagnostics, QuidelOrtho and other parties. Respiratory product revenue is expected to be in the range of $262 million to $267 million, including COVID-19 product revenue of $212 million to $217 million. QuidelOrtho Corporation - QuidelOrtho Reports Preliminary Revenue Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. QuidelOrtho will report financial results for its fourth quarter and full year 2022 after the market close on Wednesday, February 15, 2023. 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. Adjusted EBITDA for the fourth quarter of 2022 was $245.1 million, compared to $528.5 million in the fourth quarter of 2021. At QuidelOrtho Corporation, we promise to treat your data with respect and will not share your information with any third party. Robotic surgery stands to outpace all other procedure types, Alcohol Addiction - Global Clinical Trials Review, 2022, Major Depressive Disorder - Global Drug Forecast and Market Analysis to 2029, Medtronic records revenue of $31.2bn in FY23, Know Labs reports data from feasibility study of Bio-RFID sensor, Hologics revenue falls to $1.02bn in Q2 2023, Boston Scientifics net income surges to $314m in Q1 2023. You can identify these statements in this press release by words such as may, will, would, expect, anticipate, believe, estimate, plan, intend, continue or similar words, expressions or the negative of such terms or other comparable terminology. This press release contains constant currency revenue growth, which is considered a non-GAAP financial measure under applicable rules and regulations of the Commission. 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. Please check your download folder. Product availability may vary from country to country and is subject to varying regulatory requirements. Foreign currency translation negatively impacted sales growth by approximately 180 basis points for the fourth quarter of 2022. QuidelOrtho has no obligation to update any of the forward-looking information or time-sensitive information included in this press release, whether as a result of new information, future events, changed expectations or otherwise, except as required by law. Revenue in 2022 (TTM): $3.26 B. Investor Contact: 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 has no obligation to update any of the forward-looking information or time-sensitive information included in this press release, whether as a result of new information, future events, changed expectations or otherwise, except as required by law. Actual results or outcomes may differ significantly from those set forth or implied in the forward-looking statements. 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. Do the numbers hold clues to what lies ahead for the stock? QuidelOrtho Reports Preliminary Revenue Results for Fourth Quarter and 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. QuidelOrtho Reports Preliminary Revenue Results for the First Quarter 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. IR@Quidel.com. All forward-looking statements are based on information currently available to QuidelOrtho and speak only as of the date hereof. According to QuidelOrtho 's latest financial reports the company's current revenue (TTM) is $3.26 B . 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. Such statements are based on the beliefs and expectations of QuidelOrthos management as of today and are subject to significant risks and uncertainties. The Companys definitions of these non-GAAP measures may differ from similarly titled measures used by others. COVID-19 product revenue is expected to be in the range of $124 million to $134 million and non-COVID-19 product revenue is expected to be in the range of $729 million to $734 million, representing 485% growth on a GAAP basis and 18% growth on a proforma constant currency basis at the midpoint. Our team delivered solid non-respiratory revenue growth across all major geographic regions, with notable strength in China, demonstrating the power of our newly created scale and breadth of offerings across the diagnostics continuum, as well as the durability of our business model. Please remember to consult your local legal restrictions, regulations, registrations or intended uses in the country of your origin. Led by ex-COVID-19 growth in Point of Care, Molecular Diagnostics and Transfusion Medicine, we ended a milestone year for QuidelOrtho with an outstanding performance in the fourth quarter even as our largest and generally most resilient business unit, Labs, faced lockdowns in China and continued supply chain challenges, said Douglas Bryant, President and Chief Executive Officer of QuidelOrtho. 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 - Wikipedia 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/. IR@QuidelOrtho.com, Internet Explorer presents a security risk. Bryan Brokmeier, CFA The Companys comprehensive product portfolio delivers accuracy, speed, automation and access, providing critical information when and where it is needed most. By providing your email address below, you are providing consent to QuidelOrtho Corporation to send you the requested Investor Email Alert updates. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Revenue from North America saw a 58.9% increase, from $375.3m to $595.7m, while China sales also grew by 22.1%, from $78.7m to $96.1m. Quidel recorded its best-ever revenue performance in 2021 at $1.699 billion despite its gross profit falling to $1.271 billion YOY. Actual results or outcomes may differ significantly from those set forth or implied in the forward-looking statements. Investor Contact: PDF QuidelOrtho Financial Results 1Q 2023 - Seeking Alpha 3/29/23. The Companys definition of this non-GAAP measure may differ from similarly titled measures used by others. 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. We look forward to bringing together all these pieces in 2023 to build on our strong foundation and drive enhanced value for our shareholders, he concluded. Net income for the quarter saw a marginal rise from $19.1m to $19.3m. 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.. The components of supplemental combined revenues are as follows: Percent change is calculated using the midpoint of the provided range. Pro forma percent change is calculated using the midpoint of the provided range and pro forma historical revenues. Our Point-of-Care, Labs, Transfusion Medicine and Molecular Diagnostics business units all delivered impressive growth, leveraging the competitive strengths of both Quidel and Ortho.. 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. Shares of Quidel and Ortho will cease trading after the market close on May 26, 2022, and following the closing, Ortho will no longer be listed on Nasdaq. 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. 2023 Ortho Clinical Diagnostics. Read more. The Companys definition of this non-GAAP measure may differ from similarly titled measures used by others. Labs includes legacy Ortho Clinical Labs and non-core revenue, as well as legacy Quidel Specialized Diagnostic Solutions business. SAN DIEGO-- ( BUSINESS WIRE )--QuidelOrtho Corporation (NASDAQ: QDEL) ("QuidelOrtho") announced completion of the transaction combining Quidel Corporation ("Quidel") and Ortho Clinical. Tables above include Ortho revenues as if the acquisition had occurred on January 4, 2021. QuidelOrtho Reports Preliminary Revenue Results for Fourth Quarter and If you experience any issues with this process, please contact us for further assistance. 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. COVID-19 product revenue is expected to be in the range of $1,441 million to $1,451 million and non-COVID-19 product revenue is expected to be in the range of $2,597 million to $2,602 million, representing 502% growth on a GAAP basis and 11% growth on a proforma constant currency basis at the midpoint. 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. 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.

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