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Jun 30, 2022
Rockwell Medical Q2 2022 Earnings Report
Announced second quarter 2022 results, including revenue of $18.7 million, a 16% increase over the first quarter 2022, and gross profit of $1.7 million compared to gross loss of $786,000 in the first quarter 2022.
Key Takeaways
Rockwell Medical announced its second quarter 2022 results, reporting revenue of $18.7 million, a 24% increase year-over-year. The company achieved a gross profit of $1.7 million compared to a gross loss in the previous quarter and raised $30 million in financing.
Revenue for the second quarter 2022 was $18.7 million, a 24% increase year-over-year.
Gross profit for the second quarter 2022 was $1.7 million, compared to a gross loss in the first quarter of 2022.
Cash used in operating activities decreased by 40% quarter-over-quarter to $5.8 million.
The company completed a $30 million financing round and stabilized the business.
Forward Guidance
Rockwell's focus will be to drive profitability, assess strategic priorities and capital structure, and develop FPC programs.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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