CorMedix (CRMD)
Sells an FDA-approved catheter lock solution and a portfolio of hospital anti-infective drugs across the US.
$8.54
Pre-market−0.08 (−0.87%)
At close$8.62(+2.80%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 1 | 11 | 31 | 39 | 40 | 104 | 129 | 127 | 102 |
| Cost of revenue | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 11 | 21 | 22 | 25 |
| Gross profit | 0 | 0 | −1 | 0 | 11 | 30 | 37 | 38 | 93 | 107 | 105 | 77 |
| 10 | 16 | 16 | 16 | 14 | 17 | 17 | 18 | 42 | 48 | 41 | 34 | |
| Research & development | 3 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 5 | 9 | 7 | 7 |
| 8 | 13 | 15 | 15 | 13 | 15 | 14 | 16 | 37 | 40 | 34 | 28 | |
| Selling & marketing | 4 | 0 | 6 | 7 | 7 | 8 | 4 | 6 | 11 | 16 | 13 | 12 |
| General & administrative | 4 | 0 | 9 | 8 | 7 | 7 | 10 | 10 | 25 | 24 | 22 | 15 |
| Operating income | −10 | −16 | −17 | −15 | −3 | 13 | 20 | 20 | 51 | 59 | 64 | 43 |
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | −3 | −8 | −4 | |
| Interest income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 0 | 0 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 0 | 0 |
| Other non-operating income | −1 | −1 | −1 | −1 | −1 | −1 | −1 | −1 | −2 | 1 | 8 | −4 |
| Income before tax | −10 | −15 | −16 | −14 | −3 | 13 | 21 | 20 | 53 | 56 | 56 | 39 |
| Income tax expense | 0 | 0 | −1 | 0 | 0 | 0 | 0 | 1 | −56 | 42 | 17 | 13 |
| Net income from continuing operations | −10 | −15 | −14 | −14 | −3 | 13 | 21 | 20 | 109 | 14 | 39 | 26 |
| Net income | −10 | −15 | −14 | −14 | −3 | 13 | 21 | 20 | 109 | 14 | 39 | 26 |
| EPS, basic | −$0.17 | −$0.26 | −$0.25 | −$0.25 | −$0.05 | $0.22 | $0.32 | $0.29 | $1.42 | $0.18 | $0.48 | $0.33 |
| EPS, diluted | −$0.17 | −$0.26 | −$0.25 | −$0.25 | −$0.05 | $0.22 | $0.30 | $0.28 | $1.26 | $0.15 | $0.43 | $0.29 |
| Weighted average shares, basic | 57 | 57 | 58 | 58 | 59 | 62 | 65 | 68 | 76 | 79 | 80 | 78 |
| Weighted average shares, diluted | 57 | 57 | 58 | 58 | 59 | 62 | 69 | 72 | 86 | 94 | 93 | 92 |
| EBITDA | −10 | −15 | −16 | −14 | −3 | 14 | 21 | 21 | 57 | 69 | 66 | 57 |
| Depreciation & amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 10 | 11 | 10 |
| EBIT | −10 | −15 | −16 | −14 | −3 | 13 | 21 | 20 | 54 | 58 | 56 | 47 |
