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QuidelOrtho (QDEL) Q2 FY2021 earnings: revenue $177 million

QuidelOrtho Corp. (QDEL) reported revenue of $177 million for Q2 FY2021, the quarter ended 4 July 2021. Net income was $19 million, and diluted earnings per share $0.45. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2022.

Revenue
$177 million
Q2 FY2021Q2 FY2021
Operating margin
13.2%
Q2 FY2021Q2 FY2021
Net income
$19 million
Q2 FY2021Q2 FY2021
Diluted EPS
$0.45
Q2 FY2021Q2 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ2 FY2021Quarter beforeA year earlierOn the quarterOn the yearLast 8 quarters
Revenue177n/an/a
Cost of revenue68.6n/an/a
Gross profit108n/an/a
Gross margin61.2%n/an/a
Research and development22.6n/an/a
Selling, general and administrative54.2n/an/a
Operating income23.3n/an/a
Operating margin13.2%n/an/a
Pre-tax income21.7n/an/a
Income tax2.6n/an/a
Effective tax rate12.0%n/an/a
Net income19.1n/an/a
Net margin10.8%n/an/a
Diluted EPS$0.45n/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ2 FY2021Quarter beforeA year earlierOn the quarterOn the yearLast 8 quarters
Depreciation and amortisation12.3n/an/a
Share-based compensation5.8n/an/a
Diluted shares, weighted42mn/an/a
Shares outstanding at period end67mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ2 FY2021Quarter beforeA year earlierOn the quarterOn the yearLast 8 quarters
Shareholders' equity1,411n/an/a
Cash and equivalents593n/an/a

Questions

What was QuidelOrtho's revenue in Q2 FY2021?

QuidelOrtho (QDEL) reported revenue of $177 million for Q2 FY2021, the quarter ended 4 July 2021.

How much did QuidelOrtho earn in Q2 FY2021?

Net income for Q2 FY2021 was $19 million, and diluted earnings per share $0.45.

When did QuidelOrtho report Q2 FY2021 results?

QuidelOrtho filed its 10-Q for the quarter ended 4 July 2021 with the SEC on 5 August 2022.

Quarterly results, the last 20 quarters

Q3 FY2021Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023 †Q3 FY2023 †Q4 FY2023 * †Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue5101,002613784866846665744743711637727708693614700724620631619
Cost of revenue134260276376418398369375360379361375382350339364403356358329
Gross profit375742338408449449296369383332276352326343275336320264273290
Gross margin74%74%55%52%52%53%45%50%52%47%43%48%46%50%45%48%44%43%43%47%
R&D23.726.434.265.664.362.362.461.559.359.256.355.947.353.245.741.545.844.948.742.5
SG&A63.084.8118204214202179194188205188186188187178187194199190183
Operating income28262179.756.886.599.6-26.926.340.1-1,758-11815.0-10032.6-181-705-66.3-31.8-21.8-7.5
Operating margin55%62%13%7%10%12%-4%4%5%-247%-18%2%-14%5%-29%-101%-9%-5%-3%-1%
Interest expensen/an/an/an/an/an/an/an/an/a39.041.042.940.640.040.546.151.051.154.755.4
Pre-tax income28262142.931.341.160.0-64.4-15.5-9.2-1,799-163-28.8-141-8.8-230-757-112-79.5-81.2-62.9
Tax rate23%23%55%39%26%19%n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Net income21648019.319.230.348.8-53.2-12.77.0-1,706-148-19.9-178-12.7-255-733-131-91.8-92.9-53.8
Net margin42%48%3%2%3%6%-8%-2%1%-240%-23%-3%-25%-2%-42%-105%-18%-15%-15%-9%
Diluted EPS$5.08$11.31$0.36$0.28$0.45$0.73-$0.80-$0.19$0.10-$25.50-$2.20-$0.30-$2.28-$0.19-$3.77-$10.78-$1.92-$1.35-$1.36-$0.78
Operating cash flow77.0501225-9.7169189-30.641.580.4-0.7-97.911863.765.6-46.8-45.5132-33.0-11119.6
Capital expenditure10722.526.230.561.766.051.343.448.666.135.346.547.256.237.549.245.334.025.521.0
Free cash flow-29.9478198-40.2108123-81.9-1.931.8-66.8-13371.416.59.4-84.3-94.786.6-67.0-136-1.4
Buybacks0.1n/an/a74.3n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Shares outstanding66m67m67m66m66m67m67m67m67m67m67m67m67m68m68m68m68m68m68m69m
Filing10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 4 July 2021, filed 5 August 2022: the filing.