CorMedix Inc. (CRMD) shares surged 9.47% in pre-market trading on Wednesday following the release of its impressive third-quarter 2025 financial results and an optimistic outlook for the full year.
The biopharma company reported a Q3 earnings per share (EPS) of $1.26, significantly outperforming the analysts' estimate of $0.65. Net income for the quarter reached $108.6 million, nearly doubling the expected $54.7 million. CorMedix also posted robust net revenue of $104.3 million for the quarter.
Driving this strong performance was the higher-than-anticipated utilization of DefenCath by outpatient dialysis customers, which contributed $88.8 million to the net revenue. The company's integration of Melinta Therapeutics is reportedly ahead of schedule, capturing synergies of approximately $30 million.
In light of these positive results, CorMedix has raised its full-year 2025 guidance. The company now expects pro forma net revenue to be in the range of $390 to $410 million, up from its previous forecast. Additionally, CorMedix increased its 2025 pro forma adjusted EBITDA guidance to $220-$240 million.
The market's enthusiastic response to these results and the improved outlook underscores investor confidence in CorMedix's growth trajectory and operational efficiency. As the company continues to expand its product utilization and realize synergies from recent acquisitions, it appears well-positioned for sustained growth in the biopharmaceutical sector.
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