CRMD Stock - CorMedix Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $43.47M | N/A | $65,408 | $190,936 | $239,231 |
| Gross Profit | $40.28M | $-205,562 | $61,674 | $41,998 | $34,385 |
| Gross Margin | 92.7% | N/A | 94.3% | 22.0% | 14.4% |
| Operating Income | $-22,356,389 | $-48,957,788 | $-30,623,968 | $-29,437,585 | $-27,220,752 |
| Net Income | $-17,930,020 | $-46,339,227 | $-29,701,705 | $-28,210,226 | $-22,027,683 |
| Net Margin | -41.2% | N/A | -45409.9% | -14774.7% | -9207.7% |
| EPS | $-0.30 | $-0.91 | $-0.74 | $-0.75 | $-0.77 |
CorMedix Inc., a biopharmaceutical company, focuses on developing and commercializing therapeutic products for the prevention and treatment of infectious and inflammatory diseases in the United States and internationally. Its lead product candidate is DefenCath/Neutrolin, a novel anti-infective solution for the reduction and prevention of catheter-related infections and thrombosis in patients requiring central venous catheters in clinical settings, such as hemodialysis, total parenteral nutrition, and oncology. The company was formerly known as Picton Holding Company, Inc. and changed its name to CorMedix, Inc. in January 2007. CorMedix Inc. was incorporated in 2006 and is based in Berkeley Heights, New Jersey.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 20th 2025 | D. Boral Capital | Upgrade | Buy | $14 |
| June 30th 2025 | H.C. Wainwright | Initiation | Buy | $20 |
| June 30th 2025 | D. Boral Capital | Downgrade | Hold | - |
| March 7th 2025 | Leerink Partners | Initiation | Outperform | $18 |
| January 13th 2025 | D. Boral Capital | Initiation | Buy | $15 |
| August 26th 2024 | Rodman & Renshaw | Initiation | Buy | $13 |
| August 10th 2023 | RBC Capital Mkts | Initiation | Outperform | $6 |
Earnings History & Surprises
CRMDEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Mar 24, 2026 | $0.89 | — | — | — |
Q4 2025 | Nov 12, 2025 | $0.48 | $0.57 | +18.7% | ✓ BEAT |
Q3 2025 | Aug 7, 2025 | $0.20 | $0.28 | +40.0% | ✓ BEAT |
Q2 2025 | May 6, 2025 | $0.25 | $0.30 | +20.0% | ✓ BEAT |
Q1 2025 | Mar 25, 2025 | $0.17 | $0.22 | +29.4% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $-0.10 | $-0.05 | +50.0% | ✓ BEAT |
Q3 2024 | Aug 14, 2024 | $-0.26 | $-0.25 | +3.8% | ✓ BEAT |
Q2 2024 | May 9, 2024 | $-0.27 | $-0.25 | +7.4% | ✓ BEAT |
Q1 2024 | Mar 12, 2024 | $-0.21 | $-0.26 | -23.8% | ✗ MISS |
Q4 2023 | Nov 14, 2023 | $-0.21 | $-0.17 | +19.0% | ✓ BEAT |
Q3 2023 | Aug 8, 2023 | $-0.22 | $-0.25 | -13.6% | ✗ MISS |
Q2 2023 | May 15, 2023 | $-0.20 | $-0.24 | -20.0% | ✗ MISS |
Q1 2023 | Mar 30, 2023 | $-0.19 | $-0.20 | -5.3% | ✗ MISS |
Q4 2022 | Nov 10, 2022 | $-0.23 | $-0.17 | +26.1% | ✓ BEAT |
Q3 2022 | Aug 11, 2022 | $-0.20 | $-0.19 | +5.0% | ✓ BEAT |
Q2 2022 | May 12, 2022 | $-0.23 | $-0.18 | +21.7% | ✓ BEAT |
Q1 2022 | Mar 29, 2022 | $-0.22 | $-0.20 | +9.1% | ✓ BEAT |
Q4 2021 | Nov 9, 2021 | $-0.18 | $-0.22 | -22.2% | ✗ MISS |
Q3 2021 | Aug 12, 2021 | $-0.18 | $-0.12 | +33.3% | ✓ BEAT |
Q2 2021 | May 13, 2021 | $-0.18 | $-0.20 | -11.1% | ✗ MISS |
Latest News
D. Boral Capital Maintains Buy on Cormedix, Maintains $14 Price Target
📈 PositiveCorMedix Announces Interim Results For Ongoing Real-World Evidence Study Being Conducted In Conjunction With USRC's Use Of DefenCath In Adult Hemodialysis Patients With Central Venous Catheters
➖ NeutralHC Wainwright & Co. Maintains Buy on Cormedix, Raises Price Target to $18
📈 PositiveCRMD stock has given up its prior gain. Cormedix shares were trading higher after the company reported Q3 earnings and revenue above estimates and issued FY2025 sales guidance above expectations.
➖ NeutralD. Boral Capital Maintains Buy on Cormedix, Maintains $14 Price Target
📈 PositiveNeedham Maintains Buy on Cormedix, Lowers Price Target to $16
📈 PositiveCormedix shares are trading higher after the company reported Q3 earnings and revenue above estimates and issued FY2025 sales guidance above expectations.
📈 PositiveUPDATE: Cormedix Q3 Adj. EPS $0.57 Misses $0.65 Estimate.
📉 NegativeCormedix Sees FY2025 Sales $390.000M-$410.000M vs $283.692M Est
📈 PositiveCormedix Sees Q4 Sales $115.000M-$135.000M vs $118.847M Est
📈 PositiveCorMedix GAAP EPS of $1.26 beats by $0.63, revenue of $104.28M beats by $18.26M
📈 PositiveCormedix Q3 EPS $1.26 Beats $0.63 Estimate, Sales $104.270M Beat $86.023M Estimate
📈 PositiveCorMedix Says DefenCath Receives Innovative Technology Designation From Vizient
📈 PositiveRBC Capital Maintains Outperform on Cormedix, Raises Price Target to $22
📈 PositiveD. Boral Capital Upgrades Cormedix to Buy, Announces $14 Price Target
📈 PositiveMarket-Moving News for October 20th
➖ NeutralCorMedix shares are trading higher after the company raised its 2025 pro forma net revenue guidance.
📈 PositiveCorMedix Sees Q3 Unaudited Pro Forma Net Revenue Over $125M; Raises FY 2025 Pro Forma Net Revenue Guidance To $375M+
📈 PositiveCorMedix Files For Offering Of Up To 6.3M Shares Of Common Stock By Selling Securityholders
➖ NeutralCorMedix Completes Enrollment In Phase III ReSPECT Trial For REZZAYO In Fungal Infection Prevention
📈 PositiveFrequently Asked Questions about CRMD
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