AP NEWS

CorMedix: 4Q Earnings Snapshot

March 16, 2020 GMT

BERKELEY HEIGHTS, N.J. (AP) _ CorMedix Inc. (CRMD) on Monday reported a fourth-quarter loss of $5.3 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Berkeley Heights, New Jersey-based company said it had a loss of 21 cents.

The pharmaceutical and medical device company posted revenue of $24,800 in the period. Its adjusted revenue was $25,000.

For the year, the company reported that its loss narrowed to $16.4 million, or $1.80 per share. Revenue was reported as $283,000.

In the final minutes of trading on Monday, the company’s shares hit $3.01. A year ago, they were trading at $9.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRMD at https://www.zacks.com/ap/CRMD