NASDAQ$RMTI

Rockwell Medical Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported financial results and business update for the first quarter of 2021.

Rockwell Medical reported first quarter 2021 financial results, with revenues of $15.5 million. The company is progressing with its Home Infusion FPC program and received marketing approval in Canada for Triferic AVNU™.

  • Revenue from hemodialysis concentrates was approximately $15.2 million.
  • Revenue from Triferic was approximately $0.3 million.
  • Received marketing approval of Triferic AVNU in Canada.
  • Planning to initiate Phase 2 clinical trial of FPC for the treatment of iron deficiency anemia in adult patients in the home infusion setting in the second half of 2021.

Headline financials

Total Revenue

$15.5M

Previous: $15.9M-2.4%
EPS (adj)

-$0.88

Previous: -$1.32+33.3%
Capital Expenditures

-$38K

Previous: -$203K+81.3%
Free Cash Flow

-$7.79M

Previous: -$8.19M+4.8%
Net Income

-$7.75M

Previous: -$7.98M+2.9%
Operating Income

-$7.18M

Previous: -$8.05M+10.8%
Gross Profit

$401K

Previous: $1.11M-64.0%
Cash & Equivalents

$35.7M

Previous: $37.4M-4.6%
Total Assets

$69.4M

Previous: $66.8M+3.9%
Stock-Based Comp

-$236K

Previous: $935K-125.2%

Revenue & EPS history

Rockwell Medical · Revenue · Quarterly

$15.5M

Q1 2021-2.4%vs Q1 2020
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Forward guidance

Rockwell Medical is focused on advancing its FPC platform and commercializing Triferic, but faces risks related to clinical trials, regulatory approvals, and market acceptance, as well as the ongoing impact of the COVID-19 pandemic.

Tailwinds

  • Potential effectiveness of FPC in other indications.
  • Triferic's ability to generate cost savings.
  • Ability to grow dialysis business.
  • Advancement of development plans for Rockwell Medical’s FPC pipeline candidates.
  • Success and timing of international clinical trials for Triferic Dialysate.

Headwinds

  • Challenges inherent in new product development.
  • Risk that topline clinical data and real world data results may not demonstrate efficacy.
  • The continuance of the COVID-19 pandemic on business.
  • Risks related to commercialization of Triferic (dialysate) and Triferic AVNU.
  • Uncertainty regarding the timing and outcome of meetings with the FDA.

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 Q1 2021

Historical avgQ1 2021

-3.1%

Avg return

Earnings day

-3.3%

Avg return

5 days after

-3.0%

Avg return

30 days after

38%

24 / 63 earnings

Positive

+28.2%

Q3 2022

Best reaction

-43.4%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-13.0%-11.3%
Q1 2026-3.6%+2.8%-18.2%
Q3 2025-9.2%-17.1%-12.4%
Q1 2025-6.4%-9.8%-11.6%
Q4 2024-20.5%-31.8%-41.5%
Q3 2024-43.4%-49.2%-55.5%
Q2 2024+22.6%+35.6%+68.4%
Q1 2024+0.6%+4.1%+8.2%
Q4 2023+3.6%+0.0%-12.1%
Q3 2023+12.2%+5.1%-11.2%
Q2 2023-7.4%-25.8%-28.5%
Q1 2023-4.5%-3.7%+71.8%
Q4 2022+14.6%+18.4%+74.7%
Q3 2022+28.2%+19.4%+0.0%
Q2 2022+12.0%+7.1%-14.1%
Q1 2022+3.0%-17.3%-34.7%
Q4 2021-13.6%-11.4%-27.3%
Q3 2021-7.7%-7.7%-21.2%
Q2 2021-6.2%-10.8%-4.6%
Q1 2021-2.2%-4.3%+0.0%
Q4 2020+4.5%-1.8%-13.5%
Q3 2020+1.1%+5.6%+33.7%
Q2 2020+4.2%+0.0%-26.3%
Q1 2020-4.7%-12.9%-9.0%
Q4 2019-42.7%-25.0%-22.6%
Q3 2019+5.4%+12.4%+23.7%
Q2 2019-5.6%+2.0%+9.3%
Q1 2019-7.5%-11.9%-25.6%
Q4 2018+3.0%+23.9%+4.7%
Q3 2018+8.9%+12.3%-16.2%
Q2 2018-15.5%-12.4%-13.6%
Q1 2018-2.5%+5.8%-8.8%
Q4 2017-17.5%-18.3%-14.1%
Q3 2017+9.6%+11.6%+3.4%
Q2 2017-4.2%-1.5%-5.4%
Q1 2017-1.2%-9.1%+9.3%
Q4 2016+10.0%+10.2%+10.6%
Q3 2016-20.5%-3.5%+27.3%
Q2 2016-8.9%-8.1%-10.2%
Q1 2016+19.7%
Q4 2015-36.8%
Q3 2015-10.5%
Q2 2015+11.5%
Q1 2015+12.9%
Q4 2014-6.6%
Q3 2014+5.7%
Q2 2014+0.1%
Q1 2014-8.5%
Q3 2013-0.8%
Q2 2013+0.6%
Q1 2013-7.6%
Q4 2012-19.9%
Q3 2012-3.3%
Q2 2012-6.4%
Q1 2011-0.2%
Q1 2012+1.0%
Q4 2011-4.4%
Q3 2011-9.3%
Q3 2010-9.3%
Q2 2011-0.1%
Q2 2010-0.1%
Q4 2010-1.4%
Q1 2010+3.4%

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