NASDAQ$CRMD

CorMedix Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and full year ended December 31, 2022.

CorMedix reported a net loss of $8.2 million, or $0.20 per share, for the fourth quarter of 2022, compared to a net loss of $7.8 million, or $0.20 per share, for the fourth quarter of 2021. The increase in net loss was primarily driven by increases in costs related to market research studies and pre-launch activities.

  • FDA granted CorMedix's meeting request and classified it as a Type A, allowing the company to seek FDA's guidance in mid-April.
  • The CorMedix team has made solid progress on all fronts, working diligently in support of the primary CMO as it completed the corrective actions to address previously identified deficiencies.
  • The company continues to build out the team, processes and systems to be ready for commercialization as quickly as possible following a potential FDA approval.
  • CorMedix has further refined its parallel supply chain pathways to mitigate risk, with the goal of pursuing FDA approval of DefenCath in 2023.

Headline financials

Total Revenue

$29.7K

Previous: $56.4K-47.3%
EPS (adj)

-$0.20

Previous: -$0.20+0.0%
Capital Expenditures

$129K

Previous: $629K-79.5%
Free Cash Flow

-$6.28M

Previous: -$6.5M+3.3%
Net Income

-$8.2M

Previous: -$7.8M-5.1%
Operating Income

-$8.4M

Previous: -$7.8M-7.7%
Gross Profit

$29.3K

Previous: $8.39K+249.2%
Cash & Equivalents

$58.8M

Previous: $65.5M-10.2%
Total Assets

$62M

Previous: $68.9M-10.0%
Stock-Based Comp

$874K

Previous: $1.25M-30.3%

Revenue & EPS history

CorMedix · Revenue · Quarterly

$29.7K

Q4 2022-47.3%vs Q4 2021
Beat estimate in 7 of 8 quarters(88%)
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 2022

Historical avgQ4 2022

-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