Earnings And Expense PressureReported GAAP expenses exceeded expectations and a tax-line adjustment distorted earnings comparisons, contributing to negative sentiment around profitability.
Reimbursement RiskA change in TDAPA reimbursement is expected to materially reduce DefenCath sales during a transition, creating a significant near-term revenue headwind.
Revenue Guidance ShortfallCompany revenue guidance came in below expectations, which reset investor expectations and exerted downward pressure on the stock.