Mesmerizing Stock: CorMedix, Inc. (NASDAQ: CRMD)

On 23 Jan 2020, CorMedix, Inc. (NASDAQ: CRMD) changed -2.63% to recent value of $6.66. The stock transacted 185766 shares during most recent day however it has an average volume of 252.18K shares. It spotted trading -51.39% off 52-week high price. On the other end, the stock has been noted 37.04% away from the low price over the last 52-weeks.

Wix.com Ltd. (WIX) recently stated strong financial results for the third quarter ended September 30, 2019. In addition, the Company provided its outlook for the fourth quarter 2019 and updated its outlook for the full year.

Additional Q3 2019 Results and Highlights

Revenue in the third quarter was influenced by changes in foreign exchange (FX) rates since Q3 guidance was provided in July, as well as a change in revenue mix in the quarter

Collections in the third quarter were influenced by changes in FX rates since Q3 guidance was provided in July. Assuming constant FX rates since Q3 guidance was issued in July, Q3 collections were $207.0M, up 27% y/y

Gross margin on a GAAP basis in the third quarter of 2019 was 73%, contrast to 79% in the third quarter of 2018

Non-GAAP gross margin in the third quarter of 2019, calculated as non-GAAP gross profit as a percent of revenue, was 74%, contrast to 80% in the third quarter of 2018

GAAP operating loss in the third quarter of 2019 was $(20.6M), contrast to GAAP operating loss of $(3.5)M in the third quarter of 2018

Non-GAAP operating income in the third quarter of 2019 was $12.3M contrast to non-GAAP operating income of $16.3M in the third quarter of 2018.

GAAP net loss in the third quarter of 2019 was $(17.4M), or $(0.34) per share, contrast to a net loss of $(5.9)M, or $(0.12) per share, for the third quarter of 2018

Non-GAAP net income in the third quarter of 2019 was $20.8M, or $0.41 per share, contrast to non-GAAP net income of $18.8M, or $0.39 per share for the third quarter of 2018

Net cash provided by operating activities in the third quarter of 2019 was $36.1M, while capital expenditures totaled $6.8M, leading to free cash flow of $29.2M, contrast to $23.7M of free cash flow in the third quarter of 2018, a 23% year-over-year increase

Added 114,000 net premium subscriptions in the third quarter of 2019 to reach 4.4M as of September 30, 2019, a 15% increase over the total number of premium subscriptions at the end of the third quarter of 2018

Added 5.5M registered users in the third quarter of 2019. Registered users as of September 30, 2019 were 160M, representing a 17% increase contrast to the end of the third quarter of 2018

Wix is also updating its outlook for the full year 2019. The updated full year guidance is inclusive of changes in FX rates since we last provided full year guidance in July. Had FX rates stayed constant since that time, we would have raised FY 2019 collections guidance from the previous range of $825-$831M by about $3.5M at the midpoint of the range to $830-$833M, and FY 2019 free cash flow guidance from the previous range of $123-$126M by about $2.5M at the midpoint of the range to $126-$128M.

The company has 25.43M of outstanding shares and 25.11M shares were floated in the market. According to the most recent quarter its current ratio was 6.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of -4.32% from the mean of 20 days, 2.31% from mean of 50 days SMA and performed -9.29% from mean of 200 days price. Company’s performance for the week was -4.03%, -10.72% for month and YTD performance remained -8.52%.

 

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