Rockwell Medical Q2 2022 Earnings Report
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.
Rockwell Medical
Rockwell Medical
Forward Guidance
Rockwell's focus will be to drive profitability, assess strategic priorities and capital structure, and develop FPC programs.