Financial Snapshot

Revenue
$12.26M
TTM
Gross Margin
65.38%
TTM
Net Earnings
-$46.15M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
395.84%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$58.71M
Q3 2024
Cash
Q3 2024
P/E
-12.73
Nov 29, 2024 EST
Free Cash Flow
-$56.15M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $65.41K $190.9K $240.0K $280.0K $430.0K $330.0K $220.0K $210.0K $190.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -65.74% -20.44% -14.29% -34.88% 30.3% 50.0% 4.76% 10.53%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $65.41K $190.9K $240.0K $280.0K $430.0K $330.0K $220.0K $210.0K $190.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Cost Of Revenue $3.734K $148.9K $200.0K $370.0K $400.0K $110.0K $366.7K $320.0K $450.0K $200.0K $0.00
Gross Profit $61.67K $42.00K $30.00K -$90.00K $30.00K $210.0K -$140.0K -$110.0K -$260.0K -$200.0K $0.00
Gross Profit Margin 94.29% 22.0% 12.5% -32.14% 6.98% 63.64% -63.64% -52.38% -136.84%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Selling, General & Admin $35.80M $20.01M $16.35M $13.88M $9.870M $8.070M $8.650M $8.880M $10.26M $7.330M $3.490M $1.860M $3.150M $3.010M $1.170M $1.730M $1.670M
YoY Change 78.96% 22.39% 17.77% 40.63% 22.3% -6.71% -2.59% -13.45% 39.97% 110.03% 87.63% -40.95% 4.65% 157.26% -32.37% 3.59%
% of Gross Profit 32438.46% 38920.48% 46266.67% 26900.0% 4119.05%
Research & Development $13.16M $10.68M $13.13M $13.38M $11.05M $18.82M $24.49M $15.74M $6.280M $1.320M $1.230M $1.140M $4.100M $5.490M $4.890M $3.080M $3.820M
YoY Change 23.18% -18.68% -1.85% 21.09% -41.29% -23.15% 55.59% 150.64% 375.76% 7.32% 7.89% -72.2% -25.32% 12.27% 58.77% -19.37%
% of Gross Profit 17316.13% 31269.0% 44600.0% 62733.33% 11661.9%
Depreciation & Amortization $70.76K $84.62K $61.89K $130.0K $70.00K $70.00K $40.00K $30.00K $20.00K $20.00K $10.00K $10.00K $10.00K $10.00K $10.00K $10.00K $10.00K
YoY Change -16.38% 36.72% -52.39% 85.71% 0.0% 75.0% 33.33% 50.0% 0.0% 100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
% of Gross Profit 137.2% 147.36% 433.33% 233.33% 19.05%
Operating Expenses $48.96M $30.69M $29.48M $27.26M $20.92M $26.89M $33.14M $24.62M $16.54M $8.640M $4.720M $3.000M $7.250M $8.510M $6.060M $4.820M $5.490M
YoY Change 59.55% 4.09% 8.14% 30.31% -22.2% -18.86% 34.61% 48.85% 91.44% 83.05% 57.33% -58.62% -14.81% 40.43% 25.73% -12.2%
Operating Profit -$48.96M -$30.62M -$29.44M -$27.23M -$21.01M -$26.86M -$32.93M -$24.76M -$16.65M -$8.900M -$4.920M -$3.000M
YoY Change 59.87% 4.03% 8.11% 29.6% -21.78% -18.43% 33.0% 48.71% 87.08% 80.89% 64.0%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Interest Expense $34.30K $26.52K -$22.82K $20.00K -$490.0K $30.00K -$90.00K $130.0K $60.00K -$9.090M -$2.750M -$380.0K $10.00K -$3.070M -$2.070M -$4.180M -$1.750M
YoY Change 29.35% -216.19% -214.1% -104.08% -1733.33% -133.33% -169.23% 116.67% -100.66% 230.55% 623.68% -3900.0% -100.33% 48.31% -50.48% 138.86%
% of Operating Profit
Other Income/Expense, Net $2.619M $336.6K -$22.83K -$10.00K -$1.590M $0.00 $0.00 $0.00 $30.00K $390.0K $0.00
YoY Change 677.84% -1574.77% -99.37% -100.0% -92.31%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Pretax Income -$45.95M -$30.29M -$29.46M -$27.20M -$21.49M -$26.83M -$33.01M -$24.64M -$18.19M -$20.45M -$9.130M -$3.380M -$7.210M -$11.19M -$8.120M -$9.000M -$7.240M
YoY Change 51.7% 2.81% 8.31% 26.57% -19.9% -18.72% 33.97% 35.46% -11.05% 123.99% 170.12% -53.12% -35.57% 37.81% -9.78% 24.31%
Income Tax -$585.6K -$1.250M -$5.170M -$5.060M $0.00 $0.00 $0.00 -$490.0K -$280.0K $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$46.30M -$29.70M -$28.21M -$22.03M -$16.43M -$26.83M -$33.01M -$24.64M -$18.19M -$20.45M -$9.130M -$3.380M -$6.710M -$10.91M -$8.120M -$9.000M -$7.240M
YoY Change 55.88% 5.29% 28.05% 34.08% -38.76% -18.72% 33.97% 35.46% -11.05% 123.99% 170.12% -49.63% -38.5% 34.36% -9.78% 24.31%
Net Earnings / Revenue -45409.9% -14774.4% -9179.17% -5867.86% -6239.53% -10003.03% -11200.0% -8661.9% -10763.16%
Basic Earnings Per Share -$0.91 -$0.74 -$0.75
Diluted Earnings Per Share -$0.91 -$0.74 -$749.0K -$771.4K -$680.3K -$1.506M -$2.993M -$3.246M -$2.901M -$4.767M -$3.308M -$1.482M -$2.943M -$5.772M -$3.848M -$4.265M -$3.431M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash & Short-Term Investments $76.03M $58.79M $65.47M $46.35M $28.33M $17.62M $11.98M $20.17M $35.39M $4.340M $2.370M $840.0K $1.990M $8.280M $1.510M $1.380M $2.530M
YoY Change 29.32% -10.19% 41.24% 63.61% 60.78% 47.08% -40.6% -43.01% 715.44% 83.12% 182.14% -57.79% -75.97% 448.34% 9.42% -45.45%
Cash & Equivalents $43.64M $43.15M $53.32M $41.91M $16.35M $17.62M $10.38M $8.060M $11.82M $4.340M $2.370M $840.0K $1.990M $8.280M $1.510M $1.380M $2.530M
Short-Term Investments $32.39M $15.64M $12.15M $4.440M $11.98M $0.00 $1.600M $12.10M $23.57M
Other Short-Term Assets $1.313M $758.8K $954.1K $1.680M $670.0K $600.0K $620.0K $1.490M $980.0K $160.0K $460.0K $40.00K $50.00K $250.0K $180.0K $0.00 $10.00K
YoY Change 73.07% -20.47% -43.21% 150.75% 11.67% -3.23% -58.39% 52.04% 512.5% -65.22% 1050.0% -20.0% -80.0% 38.89% -100.0%
Inventory $2.106M $0.00 $3.010K $140.0K $340.0K $430.0K $590.0K $170.0K $380.0K $460.0K $80.00K $0.00
Prepaid Expenses
Receivables $0.00 $45.37K $0.00 $0.00 $10.00K $60.00K $10.00K $320.0K $80.00K $0.00 $0.00 $490.0K $280.0K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $79.45M $59.55M $66.47M $48.18M $29.35M $18.67M $13.27M $21.83M $37.06M $5.040M $2.920M $880.0K $2.530M $8.810M $1.680M $1.380M $2.550M
YoY Change 33.42% -10.41% 37.96% 64.16% 57.2% 40.69% -39.21% -41.1% 635.32% 72.6% 231.82% -65.22% -71.28% 424.4% 21.74% -45.88%
Property, Plant & Equipment $2.507M $2.385M $2.374M $1.130M $130.0K $160.0K $190.0K $70.00K $40.00K $40.00K $40.00K $0.00 $10.00K $20.00K $20.00K $30.00K $40.00K
YoY Change 5.1% 0.43% 110.13% 769.23% -18.75% -15.79% 171.43% 75.0% 0.0% 0.0% -100.0% -50.0% 0.0% -33.33% -25.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $103.1K $102.3K $102.3K $0.00 $10.00K $10.00K $20.00K $20.00K $270.0K $10.00K $10.00K $520.0K $200.0K $1.520M
YoY Change 0.72% 0.01% -100.0% 0.0% -50.0% 0.0% -92.59% 2600.0% 0.0% -98.08% 160.0% -86.84%
Total Long-Term Assets $2.610M $2.487M $2.477M $1.130M $130.0K $160.0K $180.0K $80.00K $40.00K $60.00K $50.00K $270.0K $30.00K $40.00K $550.0K $240.0K $1.560M
YoY Change 4.92% 0.42% 119.18% 769.23% -18.75% -11.11% 125.0% 100.0% -33.33% 20.0% -81.48% 800.0% -25.0% -92.73% 129.17% -84.62%
Total Assets $82.06M $62.04M $68.95M $49.31M $29.48M $18.83M $13.45M $21.91M $37.10M $5.100M $2.970M $1.150M $2.560M $8.850M $2.230M $1.620M $4.110M
YoY Change
Accounts Payable $4.280M $2.202M $2.210M $1.130M $1.020M $2.590M $1.810M $1.650M $1.710M $890.0K $940.0K $930.0K $1.010M $1.140M $550.0K $820.0K $1.210M
YoY Change 94.34% -0.33% 95.54% 10.78% -60.62% 43.09% 9.7% -3.51% 92.13% -5.32% 1.08% -7.92% -11.4% 107.27% -32.93% -32.23%
Accrued Expenses $7.121M $4.109M $3.136M $3.030M $4.800M $5.170M $4.360M $2.320M $1.180M $470.0K $710.0K $180.0K $300.0K $440.0K $80.00K
YoY Change 73.31% 31.04% 3.48% -36.88% -7.16% 18.58% 87.93% 96.61% 151.06% -33.8% 294.44% -40.0% -31.82% 450.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $270.0K $0.00 $0.00 $16.31M $12.83M $7.300M
YoY Change -100.0% -100.0% 27.12% 75.75%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.40M $6.311M $5.345M $4.160M $5.830M $7.770M $6.260M $4.090M $3.060M $1.430M $1.670M $1.480M $1.310M $1.580M $16.93M $13.65M $8.510M
YoY Change 80.65% 18.07% 28.49% -28.64% -24.97% 24.12% 53.06% 33.66% 113.99% -14.37% 12.84% 12.98% -17.09% -90.67% 24.03% 60.4%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $6.130M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $517.0K $667.6K $802.4K $920.0K $0.00 $0.00 $30.00K $40.00K $5.320M $10.00K $10.00K $20.00K $0.00
YoY Change -22.56% -16.8% -12.78% -100.0% -25.0% -99.25% 53100.0% 0.0% -50.0%
Total Long-Term Liabilities $517.0K $667.6K $802.4K $920.0K $0.00 $6.130M $0.00 $0.00 $30.00K $40.00K $5.320M $10.00K $10.00K $20.00K $0.00 $0.00 $0.00
YoY Change -22.56% -16.8% -12.78% -100.0% -100.0% -25.0% -99.25% 53100.0% 0.0% -50.0%
Total Liabilities $11.92M $6.979M $6.148M $5.090M $5.830M $13.89M $6.260M $4.090M $3.090M $1.460M $6.990M $1.490M $1.320M $1.590M $16.93M $13.65M $8.510M
YoY Change 70.77% 13.52% 20.78% -12.69% -58.03% 121.88% 53.06% 32.36% 111.64% -79.11% 369.13% 12.88% -16.98% -90.61% 24.03% 60.4%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Basic Shares Outstanding 50.90M shares 40.27M shares 37.67M shares
Diluted Shares Outstanding 50.90M shares 40.27M shares 37.67M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $587.36 Million

About CorMedix Inc.

CorMedix, Inc. is a pharmaceutical and medical device company, which engages in the development and commercialization of therapeutic products for the prevention and treatment of diseases and conditions. The company is headquartered in Berkeley Heights, New Jersey and currently employs 82 full-time employees. The company went IPO on 2010-03-25. The firm is focused on developing and commercializing therapeutic products for the prevention and treatment of life-threatening conditions and diseases. The firm is focused on commercializing its lead product DefenCath, which is an antimicrobial catheter lock solution approved to reduce the incidence of catheter-related bloodstream infections in adult patients with kidney failure receiving chronic hemodialysis through a central venous catheter. DefenCath is a formulation of taurolidine 13.5 mg/mL, and heparin 1000 USP Units/mL indicated to reduce the incidence of catheter-related bloodstream infections (CRBSI) in adult patients with kidney failure receiving chronic hemodialysis through a central venous catheter (CVC). In addition to DefenCath, the Company has sponsored a pre-clinical research collaboration for the use of taurolidine as a possible treatment for rare pediatric tumors.

Industry: Pharmaceutical Preparations Peers: SEELOS THERAPEUTICS, INC. Athira Pharma, Inc. DURECT CORP Ikena Oncology, Inc. JOHNSON & JOHNSON Paratek Pharmaceuticals, Inc. Trevi Therapeutics, Inc. TFF Pharmaceuticals, Inc. Verrica Pharmaceuticals Inc.