Revenue
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28,000 | $0 | $651,000 | $0 | $2.8M | $5.4M | $2.3M | $2.2M | $8.0M | $17.4M | $19.3M | $5.2M | $29.5M | $2.4M | $1.1M | — | — | — | — | — |
| Gross profit | — | — | — | −$2.6M | −$935,000 | −$616,000 | −$4.5M | −$1.8M | −$2.7M | $5.0M | $17.5M | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | −33.18% | −11.37% | −197.34% | −84.84% | −33.32% | 29.05% | 90.81% | — | — | — | — | — | — | — | — | — |
| Research & development | $6.0M | $6.7M | $5.5M | $3.3M | $4.1M | $4.0M | $4.7M | $13.1M | $19.4M | $21.4M | $22.5M | $24.5M | $26.3M | $24.9M | $13.6M | $8.2M | $15.5M | — | — | — |
| Operating expenses | $13.5M | $15.3M | $17.5M | $25.3M | $38.8M | $46.4M | $56.5M | $37.9M | $46.7M | $49.3M | $39.2M | $42.9M | $36.2M | $32.1M | $20.4M | $12.2M | $19.0M | — | — | — |
| Operating income | −$13.5M | −$15.3M | −$16.9M | −$25.3M | −$36.0M | −$41.0M | −$54.2M | −$35.7M | −$38.7M | −$32.0M | −$20.0M | −$37.6M | −$6.7M | — | — | — | — | — | — | — |
| Operating margin | −48,157.14% | — | −2,594.32% | — | −1,276.26% | −756.33% | −2,368.06% | −1,660.95% | −483.83% | −184.12% | −103.59% | −721.66% | −22.60% | — | — | — | — | — | — | — |
| EBITDA | −$14.4M | −$15.3M | −$16.6M | −$23.7M | −$34.0M | −$39.1M | −$52.5M | −$35.2M | −$36.9M | −$29.9M | −$18.0M | −$36.8M | −$6.1M | — | — | — | — | — | — | — |
| EBITDA margin | −51,296.43% | — | −2,546.54% | — | −1,206.25% | −722.12% | −2,295.19% | −1,634.22% | −462.01% | −172.29% | −93.29% | −705.06% | −20.59% | — | — | — | — | — | — | — |
| Net income | −$14.3M | −$13.0M | −$18.4M | $47.8M | −$35.1M | −$40.4M | −$53.2M | −$47.1M | −$51.5M | −$43.2M | −$24.4M | −$33.4M | −$23.4M | −$33.4M | −$20.1M | −$14.3M | −$20.1M | −$20.7M | −$9.6M | −$3.8M |
| Net profit margin | −51,035.71% | — | −2,825.96% | — | −1,245.53% | −745.55% | −2,325.91% | −2,191.96% | −644.25% | −248.64% | −126.66% | −639.31% | −79.40% | −1,393.61% | −1,875.09% | — | — | — | — | — |
| Basic EPSper basic share | -$0.34 | -$0.50 | -$1.29 | $5.73 | -$5.86 | -$9.40 | -$13.40 | -$16.20 | -$22.00 | -$19.00 | -$11.00 | -$15.40 | -$11.80 | -$30.20 | -$23.20 | -$436.80 | -$698.60 | — | — | — |
| Diluted EPSper diluted share | -$0.34 | -$0.50 | -$1.29 | $5.72 | -$5.86 | -$9.40 | -$13.40 | -$16.20 | -$22.00 | -$19.00 | -$12.00 | -$18.20 | -$11.80 | -$30.20 | -$23.20 | -$436.80 | -$698.60 | — | — | — |
Reported shareholders
| Holder | % owned |
|---|---|
CorMedix Inc. | ≈17.51%9.09M shares |
Nantahala Capital Management, LLC | 13.46%6.99M shares |
Rosalind Advisors, Inc. | 9.96%5.17M shares |
AIGH Capital Management LLC | 8.87%4.6M shares |
Rock Springs Capital Management LP | 6.91%3.59M shares |
CANTOR FITZGERALD, L. P. | 3.42%1.77M shares |
Bleichroeder LP | 2.52%1.31M shares |
Angotti Vincent J. | ≈1.52%790.77K shares |
Dauntless Investment Group, LLC | 1.44%746.05K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 1.35%701.88K shares |
Caption Management, LLC | 0.99%514.97K shares |
Almitas Capital LLC | 0.90%467.15K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.83%429.06K shares |
Shay Capital LLC | 0.78%405.76K shares |
VANGUARD FIDUCIARY TRUST CO | 0.43%222.37K shares |
GSA CAPITAL PARTNERS LLP | 0.40%209.36K shares |
DIADEMA PARTNERS LP | 0.30%153.56K shares |
UBS Group AG | 0.25%129.92K shares |
RENAISSANCE TECHNOLOGIES LLC | 0.22%113.3K shares |
Mariner, LLC | 0.19%100K shares |
Percentages use 51.91M shares of this listed class outstanding on Jun 30, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Mar 13, 2026Form 4 | Angotti Vincent J.CHIEF EXECUTIVE OFFICER | BuyCommon Stock | 213.3K | $0.59 | $125.9K | 800.7K |
| Feb 12, 2026Form 4 | Aslam ShakilChief Medical Officer | BuyCommon Stock | 35.0K | $0.81 | $28.4K | 83.2K |
| Feb 12, 2026Form 4 | Angotti Vincent J.CHIEF EXECUTIVE OFFICER | BuyCommon Stock | 105.4K | $0.81 | $85.3K | 587.0K |
| Feb 12, 2026Form 4 | ASADORIAN RAFFIChief Financial Officer | BuyCommom Stock | 45.0K | $0.81 | $36.5K | 91.3K |
| Feb 12, 2026Form 4 | Dasu Badri NChief Engineering Officer | BuyCommon Stock | 35.0K | $0.81 | $28.4K | 76.2K |