earnings
confidence high
sentiment positive
materiality 0.75
CorMedix Q3 prelim rev >$100M, raises FY25 pro forma guidance to at least $375M
CorMedix Inc.
2025-Q3 EPS
reported $1.97
vs consensus $0.66
▲ beat
(+199.3%)
- Q3 2025 preliminary net revenue >$100M; DefenCath revenue >$85M; pro forma net revenue >$125M.
- FY25 pro forma net revenue guidance raised from $325-350M to at least $375M.
- Q3 adjusted EBITDA expected at least $70M; ~$30M cost synergies on run-rate basis by year-end.
- Phase III ReSPECT study of Rezzayo fully enrolled; data expected 2Q 2026.
- Cash and equivalents ~$56M at Sep 30; projected year-end cash ~$100M.