Biodesix Inc

NASDAQ BDSX

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Biodesix Inc Cash Return on Invested Capital (CROIC) for the year ending December 31, 2023: -0.35

Biodesix Inc Cash Return on Invested Capital (CROIC) is -0.35 for the year ending December 31, 2023, a 45.75% change year over year. The cash return on invested capital ratio measures the profitability of a company's invested capital based on its operating cash flow. It is calculated by dividing operating cash flow by the difference between total assets and current liabilities. This ratio indicates the company's ability to generate cash flow relative to the capital invested, excluding short-term liabilities. A higher ratio suggests more efficient cash flow generation from the invested capital.
  • Biodesix Inc Cash Return on Invested Capital (CROIC) for the year ending December 31, 2022 was -0.64, a -7.20% change year over year.
  • Biodesix Inc Cash Return on Invested Capital (CROIC) for the year ending December 31, 2021 was -0.60, a -149.25% change year over year.
  • Biodesix Inc Cash Return on Invested Capital (CROIC) for the year ending December 31, 2020 was -0.24, a 78.96% change year over year.
  • Biodesix Inc Cash Return on Invested Capital (CROIC) for the year ending December 31, 2019 was -1.14, a -123.36% change year over year.
NASDAQ: BDSX

Biodesix Inc

CEO Mr. Scott Hutton
IPO Date Oct. 28, 2020
Location United States
Headquarters 2970 Wilderness Place, Boulder, CO, United States, 80301
Employees 217
Sector Healthcare
Industry Diagnostics & research
Description

Biodesix, Inc. operates as a data-driven diagnostic solutions company in the United States. The company offers blood-based lung tests, including Nodify XL2 and Nodify CDT tests, together marketed as part of Nodify Lung Nodule Risk Assessment testing strategy, to assess the risk of lung cancer and help in identifying the appropriate treatment pathway and help physicians in reclassifying risk of malignancy in patients with suspicious lung nodules. It also provides GeneStrat ddPCR and NGS, and VeriStrat tests, which are used in the diagnosis of lung cancer to measure the presence of mutations in the tumor and the state of the patient's immune system to establish the patient's prognosis and help guide treatment decisions. In addition, the company, through its partnership with Bio-Rad Laboratories, Inc., provides Bio-Rad SARS-CoV-2 ddPCR, a COVID-19 Test under Biodesix WorkSafe testing program; and Platelia SARS-CoV-2 Total Ab test, an antibody test for detecting a B-cell immune response to SARS-CoV-2 that indicate recent or prior infection. Further, it offers diagnostic and clinical research, as well as clinical trial testing services to biopharmaceutical companies; and discovers, develops, and commercializes companion diagnostics. The company was formerly known as Elston Technologies, Inc. and as changed to Biodesix, Inc. in 2006. Biodesix, Inc. was incorporated in 2005 and is headquartered in Louisville, Colorado.

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StockViz Staff

September 20, 2024

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