← CorMedix Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($24.6m) | ($33.0m) | ($26.8m) | ($16.4m) | ($22.0m) | ($28.2m) | ($29.7m) | ($46.3m) | ($17.9m) | $163.1m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | $28.2m | — | — | — | — | — | |
| Depreciation | $26k | $37k | $74k | $73k | $128k | $62k | $85k | $71k | $154k | $677k | $677k | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | — | — | — | $398k | — | |
| Amortization of Intangible Assets | — | — | — | — | — | — | — | — | $156k | $13.9m | — | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | — | ($25.8m) | ($12.8m) | |
| Share-based Payment Arrangement, Noncash Expense | $1.3m | $1.7m | $1.1m | $2.4m | $2.5m | $5.0m | $4.1m | $5.5m | $6.1m | $13.8m | $14.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | $198k | $290k | $2.0m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | $2.2m | — | — | — | — | — | — | $14.9m | |
| Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | $3.0m | ($125k) | — | |
| Other Nonoperating Income (Expense) | — | — | $35k | — | $24k | ($23k) | $337k | $2.6m | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($308k) | $48k | ($52k) | ($11k) | $103k | $1.1m | ($7k) | $2.1m | $51.8m | $90.9m | ($71.5m) | |
| Increase (Decrease) in Inventories | ($80k) | $100k | ($166k) | ($59k) | ($150k) | ($145k) | ($3k) | $2.1m | $5.5m | $3.5m | ($4.6m) | |
| Increase (Decrease) in Accounts Payable | ($64k) | $158k | $782k | ($1.6m) | $103k | $1.1m | ($7k) | $2.1m | ($2.6m) | $3.3m | $8.1m | |
| Net Cash Provided by (Used in) Operating Activities | ($22.3m) |
($28.6m)
-28.39%
|
($23.7m)
+17.09%
|
($15.1m)
+36.49%
|
($22.0m)
-45.94%
|
($21.2m)
+3.70%
|
($24.4m)
-15.13%
|
($38.4m)
-57.70%
|
($50.6m)
-31.78%
|
$175.0m
+445.84%
|
$197.7m
+12.94%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $59k | $152k | $49k | $37k | $113k | $1.4m | $219k | $327k | $116k | $2.3m | ($3.0m) | |
| Gain (Loss) on Investments | $11k | $13k | $0 | $268 | — | — | — | — | — | — | — | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | — | — | — | — | — | — | — | $5.4m | — | |
| Payments to Acquire Investments | ($11.5m) | ($23.6m) | — | — | — | — | — | — | — | $5.0m | ($43.0m) | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | $5k | $5k | $10k | ($5k) | — | ($1.8m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | — | $308.5m | ($308.5m) | |
| Net Cash Provided by (Used in) Investing Activities | $11.4m | $10.4m | $1.6m | ($12.0m) | $7.4m | ($9.1m) | ($3.7m) | ($17.1m) | $21.2m | ($308.4m) | ($305.3m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from Issuance of Common Stock | $0 | $300k | $0 | $2.0m | $18.4m | $41.5m | $17.8m | $12.9m | $18.9m | $7.8m | $83.4m | |
| Net Cash Provided by (Used in) Financing Activities | $7.1m |
$20.5m
+189.39%
|
$29.4m
+43.23%
|
$25.8m
-12.22%
|
$40.1m
+55.40%
|
$41.8m
+4.13%
|
$17.9m
-57.14%
|
$55.9m
+212.42%
|
$26.3m
-52.93%
|
$238.5m
+806.02%
|
$220.3m
-7.63%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($3.8m) | $2.3m | $7.2m | ($1.3m) | $25.6m | $11.5m | ($10.2m) | $448k | ($3.1m) | $105.1m | $179.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $17.8m | $16.5m | $42.1m | $53.6m | $43.4m | $43.8m | $40.8m | $145.8m | $179.1m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $17.8m | $16.5m | $42.1m | $53.6m | ($9k) | $3k | ($2k) | $145.8m | $0 | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $863k | $7k | $12k | $123k | — | $137k | — | $288k | $7.7m | $6.4m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $13k | $33k | $16k | $27k | $34k | $36k | $17k | — | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $62k | — | |
| Additional Financial Items | ||||||||||||
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | $0 | ($177k) | $0 | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($8k) | ($14k) | ($179) | ($21k) | ($59k) | ($21k) | $37k | ($29k) | ($31k) | ($52k) | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | — | — | — | — | — | — | — | $86k | — | |
| General and Administrative Expense | $8.9m | $8.7m | $8.1m | — | — | — | — | — | $30.0m | $68.2m | — | |
| Goodwill | — | — | — | — | — | — | — | — | — | $30.0m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | — | $1.7m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | ($46.3m) | — | — | — | |
| Income Tax Expense (Benefit) | — | — | — | ($5.1m) | ($5.2m) | ($1.3m) | ($586k) | — | ($1.4m) | ($13.0m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $36k | $2.8m | — | |
| Investment Income, Interest | $127k | $111k | $37k | $323k | $116k | — | — | — | $2.6m | $3.8m | — | |
| Operating Expenses | $24.6m | $33.1m | $26.9m | $20.9m | $27.3m | $29.5m | $30.7m | $49.0m | $62.6m | $125.6m | — | |
| Operating Lease, Expense | — | — | — | $6k | $66k | $209k | $208k | $207k | $204k | — | — | |
| Operating Lease, Lease Income | — | — | — | $4k | — | — | — | — | — | — | — | |
| Payments of Financing Costs | $0 | — | $109k | $227k | — | — | — | — | — | $188k | — |