NASDAQ$CRMD

CorMedix Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and full year ended December 31, 2021.

CorMedix reported a net loss of $7.8 million, or $0.20 per share, for the fourth quarter of 2021, compared to a net loss of $6.1 million, or $0.19 per share, in the fourth quarter of 2020. The increase in net loss was primarily driven by increases in costs related to the manufacturing of DefenCath prior to its potential marketing approval and non-cash charges for stock-based compensation.

  • FDA accepted for filing of DefenCath resubmission.
  • The CorMedix team is working hard to lay the groundwork for a potential commercial launch of DefenCath.
  • Net loss for the fourth quarter of 2021 was $7.8 million, or $0.20 per share.
  • Total cash on hand and short-term investments as of December 31, 2021 amounted to $65.5 million.

Headline financials

Total Revenue

$56.4K

Previous: $55.7K+1.2%
EPS (adj)

-$0.20

Previous: -$0.19-5.3%
Capital Expenditures

$629K

No prior period
Free Cash Flow

-$6.5M

No prior period
Net Income

-$7.8M

Previous: -$6.1M-27.9%
Operating Income

-$7.8M

Previous: -$6.1M-27.9%
Gross Profit

$8.39K

No prior period
Cash & Equivalents

$65.5M

Previous: $46.3M+41.5%
Total Assets

$68.9M

No prior period
Stock-Based Comp

$1.25M

No prior period

Revenue & EPS history

CorMedix · Revenue · Quarterly

$56.4K

Q4 2021+1.2%vs Q4 2020
Beat estimate in 5 of 13 quarters(38%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-1.3%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+12.4%

Avg return

30 days after

43%

20 / 47 earnings

Positive

+31.1%

Q3 2022

Best reaction

-31.8%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.7%+4.4%+16.7%
Q4 2025-11.7%-5.6%-1.0%
Q3 2025+2.1%-10.8%+2.7%
Q1 2025+23.6%+29.1%+46.0%
Q4 2024-31.8%+13.8%+98.2%
Q3 2024-22.4%-26.1%-24.0%
Q2 2024+27.0%+36.5%+83.9%
Q1 2024-9.5%-6.7%-9.6%
Q4 2023+10.8%+8.2%+81.5%
Q3 2023+7.1%+28.9%+10.9%
Q2 2023+6.1%+7.3%-8.5%
Q1 2023-13.9%-1.5%+5.2%
Q4 2022+13.1%+16.4%+35.0%
Q3 2022+31.1%+30.4%+33.6%
Q2 2022+22.8%+26.6%+10.1%
Q1 2022+7.6%+25.7%-3.3%
Q4 2021+3.4%-1.4%-37.6%
Q3 2021+0.4%-0.4%-6.0%
Q2 2021+7.1%+4.2%-21.7%
Q1 2021-23.1%-16.9%+4.6%
Q4 2020+15.0%+16.1%-1.4%
Q3 2020-0.9%+5.7%+61.0%
Q2 2020-0.5%+5.6%+10.0%
Q1 2020-6.9%-2.7%+54.2%
Q4 2019-22.5%-31.3%-3.8%
Q3 2019+6.1%+28.2%+25.8%
Q2 2019-2.8%-0.6%-3.6%
Q1 2019-7.7%-0.4%+8.7%
Q4 2018-1.6%-14.6%-0.5%
Q3 2018-15.5%+9.1%+27.3%
Q2 2018-21.7%-25.0%-1.7%
Q1 2018-5.0%-5.0%+60.0%
Q4 2017-19.4%-32.3%-32.3%
Q3 2017+3.8%-9.4%+5.7%
Q2 2017-5.4%-2.7%+16.2%
Q1 2017-5.8%-5.8%-15.4%
Q4 2016-12.2%-22.0%-40.5%
Q3 2016-18.6%-22.1%-23.0%
Q2 2016-7.1%-8.4%+18.8%
Q1 2016-11.7%
Q4 2015-5.2%
Q3 2015-3.2%
Q2 2015-3.8%
Q1 2015
Q2 2014+5.9%
Q2 2013+24.4%
Q4 2013-1.2%
Q2 2010+7.1%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro