Quidel Corporation (QDEL)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023
Net income (ttm)	US$ in thousands	-10,100	13,200	45,100	117,600
Revenue (ttm)	US$ in thousands	2,997,800	3,121,700	3,161,500	3,109,800
Net profit margin		-0.34%	0.42%	1.43%	3.78%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-10,100K ÷ $2,997,800K
= -0.34%

The net profit margin of Quidel Corporation has shown a decreasing trend over the four quarters analyzed. Starting at -0.34% in December 2023, the net profit margin improved to 0.42% in September 2023 but then declined to 1.43% in June 2023 and further decreased to 3.78% by March 2023. This downward trend may indicate challenges in controlling costs or generating sufficient revenue to maintain profitability. Further investigation into the company's operations and financial performance is recommended to identify the underlying causes and potential strategies for improvement.