Business
Quidel Announces Preliminary Revenue for Fourth Quarter 2019
SAN DIEGO--(BUSINESS WIRE)-- Quidel Corporation (NASDAQ: QDEL) (“Quidel”), a provider of rapid diagnostic testing solutions, cellular-based virology assays
About this update from Quidelortho Corporation
[{"type":"text","content":" SAN DIEGO--(BUSINESS WIRE)--\nQuidel Corporation (NASDAQ: QDEL) (“Quidel”), a provider of rapid diagnostic testing solutions, cellular-based virology assays and molecular diagnostic systems, announced today that it expects revenues in the fourth quarter of 2019 to be in the range of $151 million to $152 million.\n\n\n“We had another great fourth quarter, and a good year. Operationally, 2019 was notable in that we completed the integration of the Triage business, unlocked synergies ahead of schedule, and repaid our Revolving Credit Facility, thereby meaningfully reducing our debt,” said Douglas Bryant, president and chief executive officer of Quidel Corporation. “Commercially, we executed, as well, as Sofia placements for the year increased by over 6,000 instruments in the field, further demonstrating the strength of the Sofia brand,” added Mr. Bryant.\n\n\nThese preliminary results are based on management’s initial analysis of operations for the quarter ended December 31, 2019. The company expects to issue full financial results for the fourth quarter and fiscal year 2019 in February.\n\n\nQuidel to Present at 38th Annual J.P. Morgan Healthcare Conference\n\n\nQuidel will present at the 38th Annual J.P. Morgan Healthcare Conference to be held at The Westin St. Francis hotel in San Francisco, California on Wednesday, January 15, 2020.\n\n\nDouglas Bryant, president and chief executive officer, will present that day at 12:00 p.m. Eastern time (9:00 a.m. Pacific time) with a question and answer session scheduled immediately following the presentation. During the presentation, the company will discuss business and financial developments and trends. The company's statements may contain or constitute material information that has not been previously disclosed.\n\n\nA live webcast and audio archive of the presentation will be available via the Investor Relations section of the company’s Web site at https://ir.quidel.com, or by clicking on the link below:\n\n\nhttps://jpmorgan.metameetings.net/events/hc20/sessions/29635-quidel-corporation/webcast\n\n\nParticipants should allow approximately five to ten minutes prior to the presentation's start time to visit the site and download any streaming media software needed to listen to the Internet webcast. A replay of the webcast will also be available on the company’s Web site for 14 days.\n\...