What move does the options market price into CorMedix's report?

Implied ±4.8%, either direction.

How often does CorMedix move more than the options market prices?

4 of the last 8 reports moved at least as far as the implied move.

CRMDNasdaqPharmaceutical Preparations

CorMedix Inc. (CRMD) earnings date, market-implied expected move, and options open interest by expiry

5.24

−0.42 · −7.48%

post 5.25 +0.25%

Closed18:38 ET

Open5.73Volume1.5MMkt cap$523.4MP/E2.80

Day5.24 – 5.733%52-wk5.30 – 13.020%

CRMD

CorMedix Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±4.8%implied · report alone

8Q avg ±14.9%·×0.32·cheap

4.985.48

straddle ±15.8%

spot 5.23exp Nov 20ATM strike 5ATM straddle 0.97IV 117%

Nov 5 closereport share · term structure

Expected move

Inputs

Next report

Nov 11

before open · in 6 days

est.Q3 FY26

Calendar

Next report

Last report

+14.65%

vs ±13.6% implied · ×1.08

shaded = implied · ▲▼ = realized

Aug 13 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

+3.06%

shares held · 10 largest managers

13F · Jun 30 '26129d lag

194 managers

Top fund weight

0.02%

CRMD weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

CorMedix (CRMD) is expected to report on Nov 11 before open (estimated date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±15.5%
avg realized: ±14.9%

May 6 '25May 6 '25confirmed±14.6%▲+23.59%×1.62

Aug 7 '25Aug 7 '25confirmed±17.4%▼−9.54%×0.55

Q3 FY25Oct 20 '25confirmed±16.8%▲+19.45%×1.16

Nov 12 '25Nov 12 '25confirmed±13.2%▲+2.06%×0.16

Jan 8 '26Jan 8 '26confirmed±11.5%▼−32.77%×2.84

Q1 FY26Mar 5 '26confirmed±23.0%▼−11.52%×0.50

May 14 '26May 14 '26confirmed±13.7%▲+5.73%×0.42

Q2 FY26Aug 13 '26confirmed±13.6%▲+14.65%×1.08

quarterimplied−35%0+35%realized×

Q2 FY26±13.6%▲+14.65%×1.08

May '26±13.7%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 29 close

0.87OI · 4 expiries · Oct 29 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

3,611+3%Nov 2015d4,132+3%

1,9710%Dec 1843d0.712,768+1%0.71

3,5000%Jan 1571d0.447,982+9%0.44

6,4490%Mar 19134d11.625550%11.62

ExpiryPutsCallsP/C

Nov 2015d3,611+3%4,132+3%0.87

Dec 1843d1,9710%2,768+1%0.71

Jan 1571d3,5000%7,982+9%0.44

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±15.8%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

25.50%as filednet margin · revenue −20.01% QoQ · +156.52% YoY

Revenue

$102M−20.01% QoQ

Gross profit

$77M−26.63% QoQ

75.66% margin

Operating income

$43M−32.59% QoQ

42.10% margin

Pre-tax income

$39M−30.39% QoQ

Net income

$26M−32.68% QoQ

25.50% margin

Cost of revenue

$25M+11.21% QoQ

Operating expenses

$34M−17.48% QoQ

SG&A $15M

Marketing $12M

R&D $7M

Other expense

$4M

Tax

$13M−25.22% QoQ

Revenue$102M−20.01%

Gross profit

$77M−26.63%

75.66% margin

Operating income

$43M−32.59%

42.10% margin

Pre-tax income

$39M−30.39%

Net income

$26M−32.68%

25.50% margin

Cost of revenue

$25M+11.21%

Operating expenses

$34M−17.48%

SG&A $15M

Marketing $12M

R&D $7M

Other expense

$4M

Tax$13M−25.22%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 5 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 18:30 ET

Intraday

Event sensitivity

PPI ×0.99· ±2.9% vs ±2.9% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±2.9%4 of 10×0.99

PCEpersonal income & outlays±2.9%10 of 19×0.98

FOMCrate decision±2.7%10 of 24×0.91

CPROFcorporate profits±2.5%3 of 12×0.87

GDPgross domestic product±2.3%6 of 19×0.77

NFPjobs report±1.8%4 of 10×0.63

CPIconsumer prices±1.6%2 of 10×0.55

Bar = avg |move| to ±3% · tick = ±2.9% avg day · ×base = |move| ÷ ±2.9% · min 6 releases

Earnings history

EPS 0.29 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 13 '26 · confirmed	0.29	—
Q1 FY26	Mar 5 '26 · confirmed	0.43	—
Q3 FY25	Oct 20 '25 · confirmed	1.26	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod