Cormedix Inc. ( (CRMD) ) has released its Q2 earnings. Here is a breakdown of the information Cormedix Inc. presented to its investors.
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CorMedix Inc. is a biopharmaceutical company focused on developing and commercializing therapeutic products for the prevention and treatment of life-threatening conditions, with its lead product being DefenCath.
In its second quarter of 2025, CorMedix Inc. reported significant financial growth, with net revenue reaching $39.7 million and net income of $19.8 million, a substantial turnaround from the previous year’s loss. The company also announced its acquisition of Melinta Therapeutics, aiming for a closing date by September 1, 2025.
Key financial highlights for the quarter include a dramatic increase in net revenue from DefenCath sales, which rose from $0.8 million in the previous year to $39.7 million. Operating expenses increased by 18% due to higher general and administrative costs, while selling and marketing expenses decreased by 14%. For the first half of 2025, CorMedix recorded $78.8 million in net revenue and a net income of $40.5 million, contrasting with a net loss in the same period of 2024.
The acquisition of Melinta Therapeutics is a strategic move expected to enhance CorMedix’s product offerings and market reach. The company maintains a strong cash position with $190.7 million in cash and short-term investments, ensuring operational funding for at least the next twelve months.
Looking ahead, CorMedix Inc. is poised for continued growth, supported by its successful product launch and strategic acquisition. The management remains optimistic about achieving further financial and operational milestones in the coming quarters.