StockStory Flags Revenue, Cash-Flow Risks at QuidelOrtho
The research publisher cited declining constant-currency revenue and cash concerns as it explained its cautious view of QuidelOrtho.
Key takeaways
- StockStory said QuidelOrtho’s constant-currency revenue fell 2.8% annually on average over two years.
- The publisher cited $211.2 million in cash burn over the last year and $3.04 billion in debt.
StockStory said it remains cautious on QuidelOrtho, citing falling constant-currency revenue, declining returns on invested capital and cash-flow concerns. The shares had lost 17.3% over six months, according to the publisher.
The research publisher said constant-currency revenue declined by an average of 2.8% year over year over the past two years. It also reported that QuidelOrtho used $211.2 million in cash over the last year, while debt stood at $3.04 billion and cash at $123.4 million.
As of 19:27 UTC on Oct. 12, QuidelOrtho traded at $13.31, down 0.86% since the previous close. StockStory said it would remain cautious until the company generates consistent free cash flow or announced financing plans appear on its balance sheet.
This article was produced with the help of AI technology. Source: Yahoo Finance
