Rockwell Medical Q1 revenue falls 8% on lower volume
Rockwell Medical, Inc. RMTI | 0.00 |
Overview
US hemodialysis products maker's Q1 revenue fell 8% yr/yr due to lower customer volume
Gross margin for Q1 rose to 17% from 16% a year earlier
Company announced operational changes expected to add over $3 mln in annualized gross profit
Outlook
Rockwell Medical sees 2026 net sales between $70 mln and $75 mln
Company expects 2026 gross margin of 18% to 22%
Rockwell Medical forecasts 2026 adjusted EBITDA of $1 mln to $2 mln and positive operating cash flow
Result Drivers
CUSTOMER VOLUME - Co said Q1 sales decline was driven by reduced purchase volume from one customer
OPERATIONAL CHANGES - Co announced operational changes expected to generate over $3 mln in additional gross profit on an annualized basis
EFFICIENCY INITIATIVES - Co said ongoing streamlining and enhancements to operational efficiencies and distribution footprint are expected to generate over $2 mln in annualized savings
Company press release: ID:nBw2gJCXba
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q1 Sales |
|
$17.30 mln |
$17.95 mln (2 Analysts) |
Q1 Adjusted EPS |
|
-$0.01 |
-$0.03 (2 Analysts) |
Q1 EPS |
|
-$0.04 |
|
Q1 Net Income |
|
-$1.60 mln |
|
Q1 Gross Profit |
|
$2.90 mln |
|
Q1 Operating Income |
|
-$1.50 mln |
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