Categories Earnings, Health Care

CorMedix, Inc. (NYSE: CRMD): Q3 2019 Earnings Snapshot

— CorMedix, Inc. (NYSE: CRMD) reported a net loss attributable to common shareholders of $32.4 million or $1.35 per share for the third quarter, compared to a loss of $10.2 million or $0.54 per share last year. Analysts estimated a loss of $0.25 per share

— Net sales dropped to $59 thousand from $372 thousand in the same period of last year, vs. $190 thousand expected

— Net loss before recognition of the deemed dividends was $5.3 million

— Operating expenses were $5.2 million in Q3, compared with $10.3 million in the third quarter of 2018

— Completed interaction with the FDA, related to the chemistry and manufacturing package required to support the NDA for Neutrolin

— In September, closed an exchange agreement with funds managed by Elliott Management Corporation, CorMedix’s largest investor

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

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