$QuidelOrtho (QDEL.US)$Revenue has been steadily increasing ...
$QuidelOrtho (QDEL.US)$For the past 5 years, revenue has been steadily increasing, with an average growth rate of 57% in the first 4 years. In 2022, a very large-scale acquisition took place, resulting in a staggering 92.3% surge in revenue.
In 2020, operating profit surged by 9.2 times along with the explosive growth in revenue. It then declined by 14% in 2021, but only grew by 7% in 2022, mainly due to the rapid increase in costs and the explosive rise in operating expenses.
After a 10-fold surge reaching a peak of 0.81 billion in 2020, net income has been declining for two consecutive years. The decline in 2022 was mainly due to the impact of restructuring and merger expenses, along with a significant increase in interest expenses.
In Q1 2023, revenue saw a significant decline of 15.6%, operating profit dropped by 79%, and net income decreased by 90%. Such a significant decline in this scale indicates that the aftermath of the acquisition is still not settled.
Currently, the PE ratio is 9, but the TTM PE ratio has already turned negative. It would be advisable to observe a few more quarterly reports before making a decision.
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