CRMD - CorMedix Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$14.00
DETAILS
HIGH:
$16.00
LOW:
$13.00
MEDIAN:
$13.50
CONSENSUS:
$14.00
UPSIDE:
75.44%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||
| Revenue | 311.7 | 43.5 | 0 | 0.1 | 0.2 | 0.2 | 0.3 | 0.4 | 0.3 | 0.2 | 0.2 | 0.2 | 0.0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 36.0 | 3.2 | 0.2 | 0.0 | 0.1 | 0.2 | 0.4 | 0.4 | 0.1 | 0.4 | 0.3 | 0.4 | 0.2 | 0 | 0 | 0 | 0 | 1.0 |
| Gross Profit | 275.7 | 40.3 | (0.2) | 0.1 | 0.0 | 0.0 | (0.1) | 0.0 | 0.2 | (0.1) | (0.1) | (0.3) | (0.2) | 0 | 0 | 0 | 0 | (1.0) |
| Operating Expenses | ||||||||||||||||||
| R&D Expenses | 19.3 | 3.9 | 13.2 | 10.7 | 13.1 | 13.4 | 11.1 | 18.8 | 24.5 | 15.7 | 6.3 | 1.3 | 1.2 | 1.2 | 4.1 | 5.5 | 4.9 | 3.1 |
| SG&A Expenses | 30.2 | 58.7 | 35.8 | 20.0 | 16.3 | 13.9 | 0 | 8.1 | 8.7 | 8.9 | 10.3 | 7.3 | 3.5 | 1.9 | 3.1 | 3.0 | 1.2 | 0.7 |
| Other Expenses | 76.1 | 0 | 0 | 0 | 0 | 0 | 9.9 | 0 | 0 | 0 | 0 | 0 | (0.0) | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 125.6 | 62.6 | 48.8 | 30.7 | 29.5 | 27.3 | 20.9 | 26.9 | 33.1 | 24.6 | 16.5 | 8.6 | 4.7 | 3.0 | 7.2 | 8.5 | 6.1 | 3.8 |
| Operating Income | ||||||||||||||||||
| Operating Income | 150.1 | (22.4) | (49.0) | (30.6) | (29.4) | (27.2) | (21.0) | (26.9) | (32.9) | (24.8) | (16.7) | (8.9) | (4.9) | (3.0) | (7.2) | (8.5) | (6.1) | (4.8) |
| Interest Expense | 2.8 | 0.0 | 0 | 0.0 | 0.0 | 0.0 | 0.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.4 | 0.4 | 0.0 | 3.1 | 2.1 | 4.2 |
| Interest Income | 3.8 | 2.6 | 2.7 | 0.3 | 0.0 | 0.1 | 0.3 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Profitability | ||||||||||||||||||
| EBITDA | 165.1 | (19.0) | (46.2) | (30.1) | (29.4) | (27.0) | (20.9) | (26.8) | (33.0) | (24.6) | (18.2) | (20.4) | (7.7) | (3.0) | (7.2) | (8.5) | (6.0) | (3.7) |
| EBIT | 150.1 | (19.3) | (46.3) | (30.3) | (29.4) | (27.2) | (21.0) | (26.8) | (33.0) | (24.6) | (18.2) | (20.5) | (7.7) | (3.0) | (7.2) | (8.1) | (6.1) | (4.8) |
| Income Before Tax | 150.0 | (19.3) | (46.3) | (30.3) | (29.5) | (27.2) | (11.4) | (26.8) | (33.0) | (24.6) | (18.2) | (20.5) | (9.1) | (3.4) | (7.2) | (11.2) | (8.1) | (9.0) |
| Income Tax Expense | (13.0) | (1.4) | 0 | (0.6) | (1.3) | (5.2) | 5.1 | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | 0 | 0.0 | (0.5) | (0.3) | 0.0 | 0 |
| Net Income | 163.1 | (17.9) | (46.3) | (29.7) | (28.2) | (22.0) | (16.4) | (26.8) | (33.0) | (24.6) | (18.2) | (20.5) | (9.1) | (3.4) | (6.7) | (10.9) | (8.1) | (9.0) |
| Per Share Data | ||||||||||||||||||
| EPS (Basic) | 2.25 | -0.30 | -0.91 | -0.74 | -0.75 | -0.77 | -0.68 | -1.51 | -2.99 | -3.25 | -2.90 | -4.77 | -3.30 | -1.50 | -2.94 | -5.76 | -47.40 | -53.42 |
| EPS (Diluted) | 2.04 | -0.30 | -0.91 | -0.74 | -0.75 | -0.77 | -0.68 | -1.51 | -2.99 | -3.25 | -2.90 | -4.77 | -3.30 | -1.50 | -2.94 | -5.76 | -47.40 | -53.42 |
| Shares Outstanding | 72.0 | 58.9 | 50.9 | 40.1 | 37.6 | 28.6 | 24.2 | 17.8 | 11.0 | 7.6 | 6.3 | 4.3 | 2.8 | 2.3 | 2.3 | 1.9 | 0.2 | 0.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||
| Cash & Cash Equivalents | 145.8 | 40.7 | 43.6 | 43.4 | 53.3 | 41.9 | 16.5 | 17.6 | 10.4 | 8.1 | 1.5 | 1.4 |
| Short-Term Investments | 3.7 | 11.0 | 32.4 | 15.6 | 12.1 | 4.4 | 12.0 | 0 | 1.6 | 12.1 | 0 | 0 |
| Net Receivables | 171.2 | 51.7 | 0 | 0 | 0.0 | 0.0 | 0 | 0.0 | 0.1 | 0.0 | 0 | 0 |
| Inventory | 29.7 | 7.6 | 2.1 | 0 | 0.0 | 0.1 | 0.3 | 0.4 | 0.6 | 0.2 | 0 | 0 |
| Other Current Assets | 8.5 | 3.5 | 1.0 | (0.1) | 0.9 | 0.3 | 0.1 | 0.2 | 0.3 | 1.1 | 0 | 0.0 |
| Total Current Assets | 367.1 | 114.6 | 79.5 | 59.6 | 66.5 | 48.2 | 29.3 | 18.7 | 13.3 | 21.8 | 1.7 | 1.4 |
| Non-Current Assets | ||||||||||||
| Property, Plant & Equipment | 9.9 | 2.3 | 2.5 | 2.4 | 2.4 | 1.1 | 0.1 | 0.2 | 0.2 | 0.1 | 0.0 | 0.0 |
| Goodwill | 30.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 379.1 | 1.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 10.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 |
| Other Non-Current Assets | 14.4 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0.0 | 0.5 | 0.2 |
| Total Non-Current Assets | 459.1 | 4.3 | 2.6 | 2.5 | 2.5 | 1.1 | 0.1 | 0.2 | 0.2 | 0.1 | 0.5 | 0.2 |
| Total Assets | 826.1 | 118.8 | 82.1 | 62.0 | 68.9 | 49.3 | 29.5 | 18.8 | 13.5 | 21.9 | 2.2 | 1.6 |
| Current Liabilities | ||||||||||||
| Account Payables | 7.9 | 1.7 | 4.3 | 2.2 | 2.2 | 1.1 | 1.0 | 2.6 | 1.8 | 1.6 | 0.5 | 0.8 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.8 | 11.7 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.1 | 0.1 | 0 | 0 |
| Other Current Liabilities | 5.3 | 0 | 0 | 0 | 0 | 0 | 3.5 | 4.1 | 3.6 | 0 | 0 | 1.2 |
| Total Current Liabilities | 174.3 | 33.8 | 11.4 | 6.3 | 5.3 | 4.2 | 5.8 | 7.8 | 6.3 | 4.1 | 16.9 | 13.6 |
| Non-Current Liabilities | ||||||||||||
| Long-Term Debt | 144.6 | 0 | 0 | 0 | 0 | 0 | 0 | 6.1 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 99.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 246.6 | 0.3 | 0.5 | 0.7 | 0.8 | 0.9 | 0.0 | 6.1 | 0 | 0 | 0 | 0 |
| Total Liabilities | 420.8 | 34.2 | 11.9 | 7.0 | 6.1 | 5.1 | 5.8 | 13.9 | 6.3 | 4.1 | 16.9 | 13.6 |
| Stockholders' Equity | ||||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (176.6) | (339.6) | (321.7) | (275.4) | (245.7) | (217.4) | (195.4) | (179.0) | (152.2) | (119.2) | (25.3) | (17.2) |
| Accumulated Other Comprehensive Income | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | (0.0) | (0.0) |
| Total Stockholders' Equity | 405.3 | 84.7 | 70.1 | 55.1 | 62.8 | 44.2 | (195.4) | (179.0) | (152.2) | 17.8 | (14.7) | (12.0) |
| Total Liabilities & Equity | 826.1 | 118.8 | 82.1 | 62.0 | 68.9 | 49.3 | (189.6) | (165.1) | (145.9) | 21.9 | 2.2 | 1.6 |
| Debt Metrics | ||||||||||||
| Total Debt | 148.9 | 0.5 | 0.7 | 0.8 | 0.9 | 1.0 | 0.0 | 6.1 | 0 | 0 | 13.8 | 11.7 |
| Net Debt | 3.1 | (40.1) | (43.0) | (42.6) | (52.4) | (40.9) | (16.5) | (11.5) | (10.4) | (8.1) | 12.3 | 10.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 163.1 | (17.9) | (46.3) | (29.7) | (28.2) | (22.0) | (16.4) | (26.8) | (33.0) | (24.6) |
| Depreciation & Amortization | 0 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 |
| Stock-Based Compensation | 0 | 6.1 | 5.5 | 4.1 | 5.0 | 2.5 | 2.4 | 1.1 | 1.7 | 1.3 |
| Change in Working Capital | 7.3 | (39.4) | 2.2 | 1.1 | 1.8 | (2.6) | (1.9) | 1.9 | 2.9 | 0.9 |
| Other Non-Cash Items | 4.7 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 1.4 | 3.1 | 4.4 | 0.1 |
| Operating Cash Flow | 175.0 | (50.6) | (38.4) | (24.4) | (21.2) | (22.0) | (15.1) | (23.7) | (28.6) | (22.3) |
| Investing Activities | ||||||||||
| Capital Expenditure | (2.3) | (0.1) | (0.3) | (0.2) | (1.4) | (0.1) | (0.0) | (0.0) | (0.2) | (0.1) |
| Acquisitions | (308.5) | 0 | 0 | 0 | 0 | 0 | 12.0 | 0 | 0 | 0 |
| Purchases of Investments | (53.0) | (26.8) | (77.1) | (31.1) | (15.3) | (8.5) | (14.1) | 0 | (13.1) | 0 |
| Sales/Maturities of Investments | 55.3 | 48.1 | 60.4 | 27.6 | 7.6 | 16.1 | 2.1 | 1.6 | 23.6 | 11.5 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | (12.0) | 1.6 | 10.5 | 11.5 |
| Investing Cash Flow | (308.4) | 21.2 | (17.1) | (3.7) | (9.1) | 7.4 | (12.0) | 1.6 | 10.4 | 11.4 |
| Financing Activities | ||||||||||
| Net Debt Issuance | 144.1 | 0 | 0 | 0 | 0 | 0 | 0 | 7.5 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (2.2) | 7.4 | 0.1 | 0.1 | 0.3 | 0.4 | 10.6 | (0.1) | 0.0 | 0.9 |
| Financing Cash Flow | 238.5 | 26.3 | 55.9 | 17.9 | 41.8 | 40.1 | 25.8 | 29.4 | 20.5 | 7.1 |
| Cash Position | ||||||||||
| Net Change in Cash | 105.1 | (3.1) | 0.4 | (10.2) | 11.5 | 25.6 | (1.3) | 7.2 | 2.3 | (3.8) |
| Cash at Beginning | 40.8 | 43.8 | 43.4 | 53.6 | 42.1 | 16.5 | 17.8 | 10.4 | 8.1 | 11.8 |
| Cash at End | 145.8 | 40.8 | 43.8 | 43.4 | 53.6 | 42.1 | 16.5 | 17.6 | 10.4 | 8.1 |
| Free Cash Flow | 172.8 | (50.7) | (38.7) | (24.6) | (22.6) | (22.1) | (15.1) | (23.7) | (28.7) | (22.3) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||
| Revenue | 311.7 | 43.5 | 0 | 0.1 | 0.2 | 0.2 | 0.3 | 0.4 | 0.3 | 0.2 | 0.2 | 0.2 | 0.0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 275.7 | 40.3 | (0.2) | 0.1 | 0.0 | 0.0 | (0.1) | 0.0 | 0.2 | (0.1) | (0.1) | (0.3) | (0.2) | 0 | 0 | 0 | 0 | (1.0) |
| Operating Income | 150.1 | (22.4) | (49.0) | (30.6) | (29.4) | (27.2) | (21.0) | (26.9) | (32.9) | (24.8) | (16.7) | (8.9) | (4.9) | (3.0) | (7.2) | (8.5) | (6.1) | (4.8) |
| Net Income | 163.1 | (17.9) | (46.3) | (29.7) | (28.2) | (22.0) | (16.4) | (26.8) | (33.0) | (24.6) | (18.2) | (20.5) | (9.1) | (3.4) | (6.7) | (10.9) | (8.1) | (9.0) |
| EPS (Diluted) | 2.04 | -0.30 | -0.91 | -0.74 | -0.75 | -0.77 | -0.68 | -1.51 | -2.99 | -3.25 | -2.90 | -4.77 | -3.30 | -1.50 | -2.94 | -5.76 | -47.40 | -53.42 |
| Balance Sheet | ||||||||||||||||||
| Cash & Equivalents | 145.8 | 40.7 | 43.6 | 43.4 | 53.3 | 41.9 | 16.5 | 17.6 | 10.4 | 8.1 | 1.5 | 1.4 | ||||||
| Total Assets | 826.1 | 118.8 | 82.1 | 62.0 | 68.9 | 49.3 | 29.5 | 18.8 | 13.5 | 21.9 | 2.2 | 1.6 | ||||||
| Total Debt | 148.9 | 0.5 | 0.7 | 0.8 | 0.9 | 1.0 | 0.0 | 6.1 | 0 | 0 | 13.8 | 11.7 | ||||||
| Stockholders' Equity | 405.3 | 84.7 | 70.1 | 55.1 | 62.8 | 44.2 | (195.4) | (179.0) | (152.2) | 17.8 | (14.7) | (12.0) | ||||||
| Cash Flow | ||||||||||||||||||
| Operating Cash Flow | 175.0 | (50.6) | (38.4) | (24.4) | (21.2) | (22.0) | (15.1) | (23.7) | (28.6) | (22.3) | ||||||||
| Capital Expenditure | (2.3) | (0.1) | (0.3) | (0.2) | (1.4) | (0.1) | (0.0) | (0.0) | (0.2) | (0.1) | ||||||||
| Free Cash Flow | 172.8 | (50.7) | (38.7) | (24.6) | (22.6) | (22.1) | (15.1) | (23.7) | (28.7) | (22.3) | ||||||||