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Rockwell Medical (RMTI)
:RMTI
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
<0.01Last Year’s EPS
-0.05Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2018
|% Change Since: -54.41%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Positive
The earnings call highlights Rockwell Medical's strong financial performance in Q3 2024, with record sales and profitability, along with promising distribution agreements and improved financial guidance. However, there is a concern about the anticipated revenue decline from their largest customer in 2025, which may impact short-term revenue. Despite this, the company expects to maintain profitability and is actively seeking new growth opportunities.Company Guidance
During Rockwell Medical's third quarter 2024 earnings call, the company provided optimistic guidance for the remainder of the year and into 2025. For Q4 2024, they project revenue between $23 million and $25 million, with a consistent gross margin and profitability on an adjusted EBITDA basis. They've revised their 2024 guidance, anticipating net sales between $98 million and $101 million, gross profit ranging from $15 million to $17 million, a gross margin between 16% and 18%, and adjusted EBITDA of $4 million to $5 million. Looking to 2025, despite anticipating a decline in net sales from their largest customer by $31 million to $38 million, Rockwell expects to maintain profitability on an adjusted EBITDA basis, driven by new customer contracts, product purchase agreements, and potential acquisitions.Record Quarterly Concentrate Product Sales
Achieved the highest quarterly concentrate product sales, gross profit, and gross margin in Rockwell Medical's history during Q3 2024.
Profitability Achievements
Second consecutive quarter of profitability on a cash flow and adjusted EBITDA basis.
Significant Sales and Profit Growth
Net sales for Q3 2024 were $28.3 million, a 19% increase over Q3 2023, and a 31% increase excluding deferred revenue. Gross profit increased by 183% over the same period in 2023.
Distribution Agreement with Nipro Medical Corporation
Entered into a multimillion-dollar distribution agreement with Nipro Medical Corporation, with product purchasing minimums of $5 million for the first year.
Improved Financial Guidance for 2024
Increased guidance for 2024 net sales to $98-$101 million, gross profit to $15-$17 million, and adjusted EBITDA to $4-$5 million.
Cash Position Doubled
The company's cash position more than doubled from the end of Q1 2024.
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RMTI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RMTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $4.65 | $2.83 | -39.14% |
| Aug 08, 2024 | $1.77 | $2.14 | +20.90% |
| May 14, 2024 | $1.70 | $1.70 | 0.00% |
| Mar 21, 2024 | $1.65 | $1.52 | -7.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rockwell Medical (RMTI) report earnings?
Rockwell Medical (RMTI) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Rockwell Medical (RMTI) earnings time?
Rockwell Medical (RMTI) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RMTI EPS forecast?
RMTI EPS forecast for the fiscal quarter 2024 (Q4) is <0.01.
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