Categories Earnings, Other Industries

CorMedix narrows loss in Q2, revenue miss estimates

CorMedix (NYSE: CRMD) reported mixed second quarter results after the bell. Revenue failed to beat estimates, while earnings came in better-than-expected. Last month, the biopharma firm reported that it has completed the Phase 3 trials for LOCK-IT-100 and is encouraged by the response from the US Food and Drug Administration (FDA). 

Revenue improved to $35,266 compared to $7,551 reported last year while loss per share came in at 3 cents compared to 52 cents reported last year. Analysts were estimating revenue of $130,000 and loss per share of 21 cents. CorMedix also received $5.1 million through the sale of its New Jersey NOL through the Technology Business Tax Certificate program.

Operating expenses decreased 35% primarily due to reduction in Research & Development (R&D) expenses. R&D expenses were down 55% due to reduction of clinical trial expenses, while SG&A expenses rose 32% due to increased staffing and compliance expenses.

Commenting on the Neutrolin trial update, CEO Khoso Baluch said, “We have made significant progress on our goal of bringing Neutrolin to the U.S. market as a catheter lock solution for hemodialysis. Our focus now turns to making sure that we have all of the data and information required to file an NDA and obtain marketing approval.”

Phase 3 Trial Update

CorMedix focuses on developing and commercializing therapeutic products for the prevention and treatment of infectious and inflammatory diseases. The company’s lead product candidate Neutrolin has completed its Phase 3 trials in the US. If the company gets positive feedback from FDA, it expects Neutrolin to get market approval in 2020.

The LOCK-IT-100 Phase 3 trial studies the effectiveness of Neutrolin to be used as a catheter lock solution compared to heparin for the prevention of catheter-related bloodstream infection (CRBSI) for patients who are undergoing hemodialysis.

Currently, FDA is reviewing all the data submitted for the Phase 3 trial. For now, the regulator hasn’t mentioned anything on whether there would be a need for CorMedix to conduct one more trial.

The company also plans to continue its discussions with the FDA relating to the chemistry, manufacturing and controls (CMC) data. It’s worth noting that the CMC data feedback from the regulator is important before the company can initiate pre-new drug application meeting during the fourth quarter of 2019.

Looking Ahead

For the third quarter, the Wall Street is expecting sales to touch $320,000 and loss per share of 24 cents. When it comes to fiscal 2019 estimates, analysts are anticipating revenue of $850,000 and loss per share of 94 cents.

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

V Earnings: Key quarterly highlights from Visa’s Q1 2023 financial results

Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew

Earnings: Highlights of Intel’s (INTC) Q4 2022 financial results

Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter

McCormick (MKC) expects to drive sales growth in 2023 through pricing actions and cost savings

Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings


  1. Pingback: Heavy-R
  2. Pingback: Heavy
  3. Pingback: ffh4x v41
  4. Pingback: ff tool
  5. Pingback: carihuela
  6. Pingback: maggi
  7. Pingback: TikTok 18
  8. Pingback: Epaviste
  9. Pingback: enlevement epave
  10. Pingback: enlevement epave
  11. Pingback: épave automobile
  12. Pingback: Epaviste
  13. Pingback: ไพ่แคง
  14. Pingback: เว็บ123
  15. Pingback: sa casino
  16. Pingback: Kanha Gummies
  17. Pingback: buy weed online
  18. Pingback: ps5 sale
  19. Pingback: Marijuana delivery
  20. Pingback: Epaviste gratuit
  21. Pingback: enlevement epave
  22. Pingback: cereal milk strain
  23. Pingback: berry pie strain
  24. Pingback: white runtz
  25. Pingback: senzate
  26. Pingback: Buy This Domain
  27. Pingback: fishscale cocaine
  28. Pingback: buy 5-meo-dmt usa
  29. Pingback: classic books
  30. Pingback: Promotional models
  31. Pingback: Miami models
  32. Pingback: Hd Wallpapers
  33. Pingback: Iphone Wallpaper
  34. Pingback: زواج
  35. Pingback: Scotch Whisky
  36. Pingback: Buy This Domain
  37. Pingback: slot
  38. Pingback: slot
  39. Pingback: IRA investment
  40. Pingback: poster 1988
  41. Pingback: rabota v New Yorke
  42. Pingback: art framed
  43. Pingback: slayer sneakers
  44. Pingback: Wood tile floor
  45. Pingback: bathroom tile
  46. Pingback: lowes tiles
  47. Pingback: Buy Cocaine Online
  48. Pingback: zemits review
  49. Pingback: facial equipments
  50. Pingback: Trending news
  51. Pingback: Trending videos
  52. Pingback: Technology news
  53. Pingback: Policy
  54. Pingback: Trending news
  55. Pingback: find this
  56. Pingback: other
  57. Pingback: go to my site
  58. Pingback: discover this
  59. Pingback: like it
  60. Pingback: helpful resources
  61. Pingback: Website
  62. Pingback: colleges egypt
  63. Pingback: Glock 17 for Sale
  64. Pingback: Guns on Sale
  65. Pingback: Colt 1911 for Sale
  66. Pingback: 9mm Ammo
  67. Pingback: Firearms Site
  68. Pingback: 45 ACP Ammo
  69. Pingback: SpyToStyle
  70. Pingback:
  71. Pingback:
  72. Pingback: SpytoStyle.Com
  73. Pingback:
  74. Pingback: minecraft lmhmod
  75. Pingback: emupedia
  76. Pingback: soi cau 247
  77. Pingback: ban ca h5
  78. Pingback: so em xui la gi
  79. Pingback: tải game bài
  80. Pingback: Men's Dress Shirts
  81. Pingback: vaughan realtors
  82. Pingback: Chán nản
  83. Pingback: Cách làm bò kho
  84. Pingback: Kinh doanh online
  85. Pingback: Trần Bá Dương
  86. Pingback: cách làm sticker
  87. Pingback: Phương pháp nlp
  88. Pingback: Học cờ vua
  89. Pingback: tiếng trung
  90. Pingback: tự tin
  91. Pingback: vnhoi
  92. Pingback: vnhoi
  93. Pingback: vnhoi
  94. Pingback: vnhoi
  95. Pingback: vnhoi
  96. Pingback: click here
  97. Pingback: Moving
  98. Pingback: Mushrooms For Sale
  99. Pingback: packages to Serbia
  100. Pingback: Doha News
  101. Pingback: Al Arabiya News
  102. Pingback: Barrett M82A1
  103. Pingback: GLOCK 43 For Sale
  104. Pingback: GLOCK 43X For Sale
  105. Pingback: Cousinpat
  106. Pingback: central tendency
  107. Pingback: ICA in statistics
  108. Pingback: clickup vs monday
  109. Pingback: Everest View Trek
  110. Pingback: Helambu Trek
  111. Pingback: Rara Lake Trek
  112. Pingback: Mera Peak Climbing
  113. Pingback: ???? ?????
  114. Pingback: ???? ?????
  115. Pingback: ???? ?????
  116. Pingback: plastic machining
  117. Pingback: Healthcare tips
  118. Pingback: Lifestyle
  119. Pingback: curly girl method
  120. Pingback: Lifestyle
  121. Pingback: Future University
  122. Pingback: Future University
  123. Pingback: nj
  124. Pingback: onOverseas
  125. Pingback: onOverseas
  126. Pingback: onOverseas
  127. Pingback: onOverseas
  128. Pingback: onOverseas
  129. Pingback: onOverseas
  130. Pingback: onOverseas
  131. Pingback: onOverseas
  132. Pingback: onOverseas
  133. Pingback: onOverseas
  134. Pingback: onOverseas
  135. Pingback: onOverseas
  136. Pingback: onOverseas
  137. Pingback: onOverseas
  138. Pingback: onOverseas
  139. Pingback: onOverseas
  140. Pingback: onOverseas
  141. Pingback: onOverseas
  142. Pingback: Innovation Center
  143. Pingback: Content Creators
  144. Pingback: Kaufe CBD
  145. Pingback: future university
  146. Pingback: Reba Fleurantin
  147. Pingback: fue
  148. Pingback: future university
  149. Pingback: fue
  150. Pingback: Reba Fleurantin
  151. Pingback: future university
  152. Pingback: fue
  153. Pingback: fue
  154. Pingback: Hostinger Review
  155. Pingback: future university
  156. Pingback: fue
  157. Pingback: fue
  158. Pingback: future university
  159. Pingback: exipure order
  160. Pingback: fue
  161. Pingback: parcours ninja
  162. Pingback: bench press
  163. Pingback: chest press
  164. Pingback: sol sportif
  165. Pingback: cage squats
  166. Pingback: cage de crossfit
  167. Pingback: back extension
  168. Pingback: bench musculation
  169. Pingback: future university
  170. Pingback: MILF Porn
  171. Pingback: Lila Lovely BBW
  172. Pingback: valentine pillow
  173. Pingback: organic foot cream
  174. Pingback: personalized baby
  175. Pingback: valentine pillow
  176. Pingback: valentine pillow
  177. Pingback: valentine pillow
  178. Pingback: valentines gift
  179. Pingback: Click Here
  180. Pingback: Click Here
  181. Pingback: Click Here
  182. Pingback: Click Here
  183. Pingback: Click Here

Comments are closed.


Add Comment
Viewing Highlight