CorMedix Salute del bilancio
Criteri Salute finanziaria verificati 5/6
CorMedix ha un patrimonio netto totale di $437.0M e un debito totale di $144.9M, che porta il suo rapporto debito/patrimonio netto a 33.2%. Le sue attività totali e le sue passività totali sono rispettivamente $815.6M e $378.6M. L'EBIT di CorMedix è $203.9M rendendo il suo rapporto di copertura degli interessi -191.6. Ha liquidità e investimenti a breve termine pari a $178.1M.
Informazioni chiave
33.15%
Rapporto debito/patrimonio netto
US$144.89m
Debito
| Indice di copertura degli interessi | -191.6x |
| Contanti | US$178.09m |
| Patrimonio netto | US$437.05m |
| Totale passività | US$378.59m |
| Totale attività | US$815.64m |
Aggiornamenti recenti sulla salute finanziaria
Articolo di analisi • Jan 17
Here's Why We're Not Too Worried About CorMedix's (NASDAQ:CRMD) Cash Burn Situation
Just because a business does not make any money, does not mean that the stock will go down. Indeed, CorMedix...Articolo di analisi • Sep 30
We're Hopeful That CorMedix (NASDAQ:CRMD) Will Use Its Cash Wisely
Just because a business does not make any money, does not mean that the stock will go down. For example, CorMedix...Articolo di analisi • Apr 06
We Think CorMedix (NASDAQ:CRMD) Can Afford To Drive Business Growth
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...Articolo di analisi • Nov 02
We're Hopeful That CorMedix (NASDAQ:CRMD) Will Use Its Cash Wisely
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...Articolo di analisi • Jul 31
Here's Why We're Not Too Worried About CorMedix's (NASDAQ:CRMD) Cash Burn Situation
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...Recent updates
Seeking Alpha • May 18
CorMedix: Long-Term Prospects Remain Poor Despite Q1 Beat
Summary CorMedix remains a Sell as Q1 outperformance is unsustainable due to non-recurring revenue adjustments and looming reimbursement headwinds for DefenCath. DefenCath faces an 80% sequential revenue decline post-TDAPA, with management reaffirming 2027 guidance and signaling no near-term rebound. Free cash flow margins peaked in Q1 but are projected to normalize below 10% as product mix shifts and operating expenses rise. Delays in the TPN trial and lackluster Rezzayo data diminish pipeline optionality, reinforcing a cautious long-term outlook. Read the full article on Seeking Alpha
Aggiornamento della narrazione • May 14
CRMD is trading at 5.9x trough-year EBITDA with the market ascribing near-zero value to two near-term pipeline events
CRMD has resolved its primary binary risk (ReSPECT positive), delivered a Q1 revenue beat 21% above consensus with guidance raised, and now trades at 5.1x trough-year EV/EBITDA — pricing that reflects little credit for a confirmed FDA filing pathway for a >$1B TAM asset, a recovering DefenCath post-TDAPA trajectory, or $178M in cash growing each quarter, with a bear case floor of today's price and base case upside of +45%. Investment Thesis: The ReSPECT positive read and sNDA timeline to 2H 2026 de-risk the REZZAYO prophylaxis asset from speculative to near-commercial, with orphan drug exclusivity through 2035 and patents through 2038 providing durable protection on a >$1B addressable market Q1 2026 DefenCath volume trajectory ("higher utilization by outpatient dialysis customers") demonstrates that underlying clinical demand is intact independent of TDAPA pricing mechanics — the TDAPA step-down is a revenue timing event, not a demand destruction event The guidance raise to $325–345M revenue and $115–135M adj EBITDA in what management describes as a "trough" year, combined with $178M cash and ongoing buybacks, gives the company financial flexibility to execute the sNDA and fund TPN enrollment without any capital raise The Melinta acquisition structure ($30M goodwill, $63.9M buyback authorization remaining, competent management team retained) continues to demonstrate capital discipline, and the commercial platform synergies are beginning to show in the normalized opex trajectory Multiple near-term catalysts — Q2 2026 earnings (last strong DefenCath quarter before step-down), sNDA submission date announcement, Medicare Advantage contracting updates — provide re-rating opportunities before year-end Risk Considerations: FDA could request additional data or issue a CRL on the REZZAYO prophylaxis sNDA given the narrow 1.7 percentage point non-inferiority margin — the regulatory path is constructive but not guaranteed, and a setback here remains the largest remaining value driver at risk The TDAPA step-down begins July 1 and will drive a sharp sequential revenue decline from Q2 to Q3/Q4 2026; if DefenCath volume falls more than expected when pricing compresses (i.e., dialysis chains reduce utilization to manage costs), the 2027 recovery thesis weakens materially TPN program delay to 2028 completion extends the timeline to $500–750M TAM access by 18+ months and introduces ongoing enrollment execution risk, particularly for a study requiring 12 months of follow-up per patient at home Securities class action litigation in active discovery (completion September 2026) with an unsuccessful prior mediation represents an unquantified cash liability and management distraction at a strategically critical juncture; a trial or unfavorable settlement could be disruptive Pharmaceutical tariff exposure from the April 2 executive order on API imports creates margin uncertainty that the company cannot yet quantify, with European CMO dependence for both DefenCath and the Melinta portfolio unlikely to be fully onshored within 12 months
Aggiornamento della narrazione • May 11
CRMD: Mixed Research And Phase III Success Will Support Undervalued Shares
CorMedix's analyst price target has changed to $15.00 from $14.57 as analysts update their models for revenue growth, profit margins, discount rate and future P/E assumptions following mixed recent Street research. Analyst Commentary Recent research on CorMedix reflects a mix of optimism and caution as analysts adjust their valuation frameworks and expectations for execution.Aggiornamento della narrazione • Apr 30
CRMD is trading at 5.9x trough-year EBITDA with the market ascribing near-zero value to two near-term pipeline events
With ReSPECT Phase III positive this week, CRMD has resolved its single largest binary risk and now trades at a 63% discount to base case intrinsic value with a bear case floor only 8% below current price, as the REZZAYO prophylaxis sNDA path, DefenCath TPN pipeline, and post-TDAPA revenue recovery converge toward a 2027 inflection that the $7 stock price is not remotely reflecting.Aggiornamento della narrazione • Apr 23
CRMD: Reaffirmed 2026 Outlook And Buyback Plan Will Support Undervalued Shares
Analysts have trimmed their 12 month price target on CorMedix to $13 from $15, reflecting updated views on revenue growth, profitability, and appropriate future P/E levels for the stock. Analyst Commentary Recent price target revisions to US$13 from US$15 sit alongside continued positive ratings, which gives a mixed message for investors.Aggiornamento della narrazione • Apr 06
CRMD: Investor Day Will Reframe Lower Guidance And Support Undervalued Outlook
Narrative Update on CorMedix Analysts have reduced their blended price targets on CorMedix by several dollars to a range of roughly $13 to $16, citing updated company revenue guidance that is materially below prior Street expectations, especially for DefenCath in 2026 and 2027. Analyst Commentary Street research on CorMedix has shifted toward lower valuation targets after the company issued revenue guidance for 2026 and 2027 that sits well below prior expectations, particularly for DefenCath.Nuova narrazione • Apr 02
CRMD is trading at 5.9x trough-year EBITDA with the market ascribing near-zero value to two near-term pipeline events
Investment Thesis DefenCath's regulatory moat (only FDA-approved antimicrobial CLS in the U.S., NCE+GAIN exclusivity through 2033, composition patent to 2042) is intact and the 72% real-world CRBSI reduction is standard-of-care quality data; the TDAPA pricing step-down is a commercial mechanics event, not a competitive displacement event The stock at $7.02 prices in approximately the bear case ($6.54), meaning investors are effectively receiving the REZZAYO prophylaxis Phase III binary and the DefenCath TPN pipeline for free — an unusual asymmetry for a cash-flow-positive commercial pharma company Operating cash flow of $175M in FY2025 and $148.5M in cash provides full self-funding of pipeline without dilution risk, and the $75M buyback at current prices represents management's explicit capital allocation conviction about intrinsic value The Melinta acquisition was well-priced ($30M goodwill on $391M identified intangibles) and adds an annualizing $130M+ revenue stream with shared call points that provide SG&A leverage as the combined platform scales Post-TDAPA recovery in 2027 (3x–5x higher add-on payment vs. H2 2026 per management, plus Medicare Advantage contracting upside not in guidance) provides a clearly identified catalyst path back to re-rating independent of pipeline success Risk Considerations ReSPECT Phase III failure (data Q2 2026) would eliminate ~$221M of base case rNPV, trigger impairment of the $143M IPR&D intangible, and likely reset the stock to the $5.60 52-week low or below — this is the primary binary risk and is near-term Customer concentration at 79% revenue from three accounts is structurally dangerous; any publicly announced reduction in DefenCath orders from a major dialysis organization would be a material negative event with little warning The Q4 GAAP EPS miss ($0.16 vs.Aggiornamento della narrazione • Mar 22
CRMD: Investor Day Will Clarify Lower Guidance And Highlight Perceived Upside
Analysts have trimmed CorMedix price targets by $2 to $9, with recent cuts such as $20 to $16 and $15 to $13, reflecting updated views on DefenCath revenue guidance and the company outlook shared in recent research notes. Analyst Commentary Recent research reflects a reset in expectations for CorMedix as analysts align their models with the latest DefenCath revenue guidance and management commentary.Aggiornamento della narrazione • Mar 08
CRMD: Investor Day Reset On Lower Guidance Will Highlight Undervalued Upside
Narrative Update on CorMedix The analyst price target for CorMedix has been trimmed from about $14.86 to roughly $14.57. Analysts are recalibrating their models in light of lower revenue growth and margin expectations, along with a more conservative view on long term DefenCath contribution, as reflected in recent target cuts from $20 to $16, $15 to $13, and other reductions across the Street.Aggiornamento della narrazione • Feb 21
CRMD: Investor Day Will Reframe Lower Guidance And Support Undervalued Thesis
Analysts have trimmed their average price targets on CorMedix by a mid single digit dollar amount, citing the company's new FY26 and 2027 DefenCath revenue guidance, which sits well below prior Street expectations, as a key driver of their revised views. Analyst Commentary Bullish Takeaways Bullish analysts still see room for upside even with price targets trimmed, suggesting they view the lower guidance as already influencing valuation assumptions.Aggiornamento della narrazione • Feb 07
CRMD: Investor Day And New Revenue Guidance Will Shape Bullish Case
Analysts have trimmed their price targets on CorMedix, with our fair value estimate moving from US$16.86 to US$14.86 as they factor in lower revenue growth and profit margin assumptions, despite a higher future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts still see upside potential in CorMedix shares, pointing to the higher future P/E multiple being used in their models as a sign that they are willing to ascribe a premium to the company despite reduced revenue assumptions.Articolo di analisi • Feb 06
CorMedix Inc. (NASDAQ:CRMD) Not Doing Enough For Some Investors As Its Shares Slump 35%
The CorMedix Inc. ( NASDAQ:CRMD ) share price has fared very poorly over the last month, falling by a substantial 35...Aggiornamento della narrazione • Jan 22
CRMD: Updated Revenue Guidance And Investor Day Will Shape Upside Potential
Narrative Update Analysts have trimmed their average price target for CorMedix from about US$19 to roughly US$16.86. This reflects updated expectations for slower revenue growth and lower profit margins, partially offset by a higher assumed future P/E multiple following the company's reduced long term guidance and recent research updates.Aggiornamento della narrazione • Jan 07
CRMD: Robust Q3 Sales And Synergy Progress Will Support Further Upside
Narrative Update: CorMedix Analysts have maintained their fair value estimate for CorMedix at $19.00. Recent Street research highlights a $14.00 price target supported by what they describe as "robust" preliminary Q3 sales, better visibility into near term operating synergies, and the recent stock pullback.Articolo di analisi • Dec 23
CorMedix Inc.'s (NASDAQ:CRMD) 28% Jump Shows Its Popularity With Investors
CorMedix Inc. ( NASDAQ:CRMD ) shares have had a really impressive month, gaining 28% after a shaky period beforehand...Aggiornamento della narrazione • Dec 14
CRMD: Robust Q3 Sales Will Support Stronger Upside Momentum Ahead
Analysts have modestly raised their price target on CorMedix to $19.00 from $14.00, citing robust preliminary Q3 sales, clearer visibility into near term operating synergies, and the recent stock pullback as key drivers of their more constructive outlook. Analyst Commentary Bullish Takeaways Bullish analysts highlight that robust preliminary Q3 sales provide early validation of CorMedix's commercial strategy and support the raised price target.Aggiornamento della narrazione • Nov 28
CRMD: Q3 Sales Strength And New Buy Rating Will Drive Momentum Forward
Analysts have raised their price target for CorMedix to $14 from the previous level, citing stronger than expected Q3 sales and improved visibility into operational performance as key drivers of the updated outlook. Analyst Commentary Following the recent preliminary Q3 results, analysts have provided updated insights into CorMedix’s outlook, highlighting both encouraging signs and ongoing areas of caution for the company’s future performance.Aggiornamento della narrazione • Nov 14
CRMD: Strong Q3 Sales Will Drive Renewed Uptrend Momentum
Analysts have lowered their price target for CorMedix from $20.40 to $19.00, citing a more moderate revenue growth outlook and adjusted profit expectations. This comes despite optimism about robust Q3 sales and operational improvements.Aggiornamento della narrazione • Sep 04
Acquisition And Pipeline Expansion Will Unlock Healthcare Potential
CorMedix’s consensus price target has edged up to $20.40, as analysts see greater revenue potential from DefenCath’s accelerating launch, expanded patient uptake, and supportive reimbursement dynamics, offsetting equity-related dilution concerns. Analyst Commentary The recent $85M equity offering extends CorMedix's cash runway but introduces dilution, prompting a reduced price target from previous levels based on valuation concerns.Articolo di analisi • Aug 14
Statutory Earnings May Not Be The Best Way To Understand CorMedix's (NASDAQ:CRMD) True Position
The latest earnings release from CorMedix Inc. ( NASDAQ:CRMD ) disappointed investors. Our analysis found several...Articolo di analisi • Aug 09
It's A Story Of Risk Vs Reward With CorMedix Inc. (NASDAQ:CRMD)
NasdaqGM:CRMD 1 Year Share Price vs Fair Value Explore CorMedix's Fair Values from the Community and select yours With...Articolo di analisi • Jun 27
Bullish: Analysts Just Made A Meaningful Upgrade To Their CorMedix Inc. (NASDAQ:CRMD) Forecasts
Celebrations may be in order for CorMedix Inc. ( NASDAQ:CRMD ) shareholders, with the analysts delivering a significant...
Nuova narrazione • Apr 30
DefenCath Launch Will Boost Inpatient And Dialysis Opportunities
Strong revenue growth prospects from DefenCath's successful launch and expansion into new segments like inpatient facilities and partnerships.Seeking Alpha • Mar 26
The Hidden Risks Behind CorMedix's First Profitable Quarter
Summary CorMedix Inc.'s DefenCath reduces catheter infections by 71%, but the limited market potential challenges long-term adoption. Early strong revenues likely reflect inventory building rather than sustained utilization patterns. Special reimbursements boosting current profits will expire, threatening future margins and pricing power. Half-year guidance signals limited visibility, with management warning of inventory adjustments and price erosion. Monte Carlo simulations suggest CRMD faces more downside risk (25%) than upside potential (8.8%). Read the full article on Seeking AlphaArticolo di analisi • Jan 17
Here's Why We're Not Too Worried About CorMedix's (NASDAQ:CRMD) Cash Burn Situation
Just because a business does not make any money, does not mean that the stock will go down. Indeed, CorMedix...Seeking Alpha • Jan 07
CorMedix: Finally In Commercialization Mode
Summary CorMedix Inc.'s DefenCath, an antimicrobial catheter lock solution, shows considerable promise in reducing catheter-related bloodstream infections. The product was approved earlier this year and has seen solid initial sales traction. Analyst firms are optimistic about the company's prospects, even as the stock is down just over a third from recent highs. An analysis of CorMedix follows in the paragraphs below. Read the full article on Seeking AlphaArticolo di analisi • Dec 13
CorMedix Inc.'s (NASDAQ:CRMD) P/S Is On The Mark
When you see that almost half of the companies in the Pharmaceuticals industry in the United States have price-to-sales...Articolo di analisi • Nov 14
Here's Why CorMedix Inc.'s (NASDAQ:CRMD) CEO Compensation Is The Least Of Shareholders' Concerns
Key Insights CorMedix to hold its Annual General Meeting on 21st of November CEO Joe Todisco's total compensation...Articolo di analisi • Nov 04
Analysts Just Made A Massive Upgrade To Their CorMedix Inc. (NASDAQ:CRMD) Forecasts
Celebrations may be in order for CorMedix Inc. ( NASDAQ:CRMD ) shareholders, with the analysts delivering a significant...Seeking Alpha • Oct 28
CorMedix 2.0: New Leadership, New Approval, New Focus
Summary CorMedix is a biopharmaceutical company that has undergone a re-birth as it enters a new phase with FDA approval of its anti-infective catheter solution, DefenCath. The company has faced challenges in the past, including management issues and regulatory delays, but now warrants a fresh look and valuation as the company executes on commercialization. DefenCath offers a unique solution for preventing catheter-related bloodstream infections, with the potential to reduce costs and save lives. Read the full article on Seeking AlphaSeeking Alpha • Oct 19
CorMedix: Delayed Approval, Low Cash, Good Prospects
Summary CorMedix's DefenCath, an FDA-approved antimicrobial catheter lock solution, significantly reduces catheter-related bloodstream infections, addressing a critical need in hemodialysis patients. DefenCath's market exclusivity and reimbursement strategies position it well in the growing $2.6bn CRBSI market, with significant potential for revenue. Despite past challenges, CorMedix's financial outlook is improving, but additional funds are needed for future trials in new indications. Investors should await Q3 earnings data for a clearer picture, as current stock spikes are driven by DefenCath's recent launch. Read the full article on Seeking AlphaArticolo di analisi • Sep 30
We're Hopeful That CorMedix (NASDAQ:CRMD) Will Use Its Cash Wisely
Just because a business does not make any money, does not mean that the stock will go down. For example, CorMedix...Articolo di analisi • Apr 06
We Think CorMedix (NASDAQ:CRMD) Can Afford To Drive Business Growth
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...Articolo di analisi • Nov 02
We're Hopeful That CorMedix (NASDAQ:CRMD) Will Use Its Cash Wisely
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...Articolo di analisi • Jul 31
Here's Why We're Not Too Worried About CorMedix's (NASDAQ:CRMD) Cash Burn Situation
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...Analisi della posizione finanziaria
Passività a breve termine: Le attività a breve termine ( $383.1M ) di CRMD superano le sue passività a breve termine ( $128.8M ).
Passività a lungo termine: Le attività a breve termine di CRMD ( $383.1M ) superano le sue passività a lungo termine ( $249.8M ).
Storia e analisi del rapporto debito/patrimonio netto
Livello di debito: CRMD ha più liquidità del suo debito totale.
Riduzione del debito: Il rapporto debito/patrimonio netto di CRMD è aumentato da 0% a 33.2% negli ultimi 5 anni.
Copertura del debito: Il debito di CRMD è ben coperto dal flusso di cassa operativo ( 136.4% ).
Copertura degli interessi: CRMD matura più interessi di quanti ne paga, quindi la copertura dei pagamenti degli interessi non è un problema.
Bilancio
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Analisi aziendale e situazione dei dati finanziari
| Dati | Ultimo aggiornamento (ora UTC) |
|---|---|
| Analisi dell'azienda | 2026/05/22 23:02 |
| Prezzo dell'azione a fine giornata | 2026/05/22 00:00 |
| Utili | 2026/03/31 |
| Utili annuali | 2025/12/31 |
Fonti dei dati
I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.
| Pacchetto | Dati | Tempistica | Esempio Fonte USA * |
|---|---|---|---|
| Dati finanziari della società | 10 anni |
| |
| Stime di consenso degli analisti | +3 anni |
|
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| Prezzi di mercato | 30 anni |
| |
| Proprietà | 10 anni |
| |
| Gestione | 10 anni |
| |
| Sviluppi principali | 10 anni |
|
* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.
Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.
Modello di analisi e Snowflake
I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.
Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.
Metriche di settore e industriali
Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.
Fonti analitiche
CorMedix Inc. è coperta da 18 analisti. 6 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.
| Analista | Istituzione |
|---|---|
| Andrew D'Silva | B. Riley Securities, Inc. |
| Jason Butler | Citizens JMP Securities, LLC |
| Jason Kolbert | D. Boral Capital LLC. |