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CorMedix Inc (NASDAQ:CRMD). shares have reached a new 52-week high, touching $15.33 amidst a period of significant growth for the biopharmaceutical company. With a market capitalization of $1.03 billion and an impressive gross profit margin of 95.19%, the company has demonstrated strong financial fundamentals. According to InvestingPro analysis, the stock is currently trading slightly above its Fair Value. This milestone reflects a remarkable turnaround, with the stock price soaring over the past year, delivering an 83.83% return year-to-date. Investors have shown increased confidence in CorMedix’s market position and its portfolio of products, supported by a healthy current ratio of 4.21, which has been a driving force behind the stock’s robust performance and its climb to this new peak. For deeper insights and additional analysis, check out the comprehensive Pro Research Report available on InvestingPro, which covers 1,400+ top US stocks.
In other recent news, CorMedix Inc. reported impressive financial results for the first quarter of 2025. The company achieved an earnings per share (EPS) of $0.32, doubling the expected $0.16, and posted revenue of $39.1 million, exceeding forecasts by over $6 million. This performance marks a significant turnaround from the previous year, with CorMedix reporting a net income of $20.6 million compared to a net loss of $14.5 million in the same quarter last year. The growth is attributed to the success of their DefendCath product and strategic market expansions.
CorMedix has also revised its net revenue guidance for the first half of 2025 to approximately $70 million, indicating confidence in continued growth. The company is optimistic about its mid-year implementation plans with a large dialysis operator and is targeting FDA approval for a new indication by late 2027. Analysts have noted the company’s strong performance, although potential risks include increased R&D expenses and dependence on U.S. Renal Care for a significant portion of revenue. CorMedix’s cash and cash equivalents stood at $77.5 million as of March 31, 2025, providing a solid financial foundation for future initiatives.
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