NASDAQ$ARDX

Ardelyx Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported first quarter financial results and business highlights.

Ardelyx reported first quarter revenue of $6.6 million, primarily from a milestone payment. Research and development expenses increased to $20.5 million, and general and administrative expenses rose to $17.1 million. The net loss for the quarter was $33.2 million.

  • PDUFA date for tenapanor extended to July 29, 2021.
  • Received a $5 million milestone payment from Kyowa Kirin Co., Ltd.
  • Appointed Muna Bhanji, R.Ph., to the company’s board of directors.
  • Presented posters at the National Kidney Foundation 2021 Spring Clinical Meeting and the ISN World Congress of Nephrology 2021.

Headline financials

Total Revenue

$6.58M

Previous: $1.21M+442.6%
EPS (adj)

-$0.34

Previous: -$0.25-36.0%
Capital Expenditures

-$778K

Previous: -$25K-3012.0%
Free Cash Flow

-$33.9M

Previous: -$22.4M-51.5%
Net Income

-$33.2M

Previous: -$22.4M-48.2%
Operating Income

-$32M

Previous: -$21.8M-47.0%
Gross Profit

$5.58M

Previous: $1.21M+360.2%
Cash & Equivalents

$84.1M

Previous: $106M-20.6%
Total Assets

$210M

Previous: $235M-10.6%
Stock-Based Comp

$3.09M

Previous: $2.95M+4.7%

Revenue & EPS history

Ardelyx · Revenue · Quarterly

$6.58M

Q1 2021+442.6%vs Q1 2020
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Ardelyx · $5.13M total across 2 segments · Q1 2021

  • Licensing Revenue
    $5M
  • Product Supply Revenue
    $126K

Forward guidance

The company is preparing for the potential approval and launch of tenapanor following the PDUFA date extension to July and remains confident in the data included in their New Drug Application.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.0%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+5.2%

Avg return

30 days after

40%

20 / 50 earnings

Positive

+31.9%

Q1 2024

Best reaction

-24.8%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.2%+12.2%-4.7%
Q4 2025-14.9%-2.7%-21.2%
Q3 2025+18.6%+18.8%+15.8%
Q1 2025-24.8%-32.4%-32.9%
Q4 2024-10.1%-18.6%-19.3%
Q3 2024+3.4%-2.9%-3.7%
Q2 2024+9.0%+9.5%+11.4%
Q1 2024+31.9%+40.8%+3.8%
Q4 2023+2.1%+13.8%-9.4%
Q3 2023+8.8%+11.0%+24.6%
Q2 2023+4.2%-2.3%+25.5%
Q1 2023+5.9%-5.6%-20.7%
Q4 2022+30.8%+34.9%+64.0%
Q3 2022+0.7%-11.6%+25.9%
Q2 2022+11.5%+14.9%+42.5%
Q1 2022-10.7%-20.3%-26.0%
Q4 2021-7.6%+17.0%+37.1%
Q3 2021-3.4%-12.1%+25.9%
Q2 2021-1.3%-9.9%-10.5%
Q1 2021+0.6%+1.1%+0.5%
Q4 2020-4.8%+4.5%+14.2%
Q3 2020-6.3%+1.9%+10.3%
Q2 2020+1.4%-2.6%+0.7%
Q1 2020+2.2%+5.0%-4.2%
Q4 2019-7.3%-9.1%-12.6%
Q3 2019+2.2%+12.5%+22.1%
Q2 2019-3.8%-5.1%+108.1%
Q1 2019-4.7%-4.1%-22.3%
Q4 2018+8.0%+9.7%+9.0%
Q3 2018-6.7%-10.6%-29.4%
Q2 2018-7.1%+0.0%-7.1%
Q1 2018+0.0%+2.5%-24.8%
Q4 2017-5.0%-4.5%-6.2%
Q3 2017+2.2%+4.5%+8.2%
Q2 2017+11.0%+17.2%+29.9%
Q1 2017-2.2%-0.8%-63.4%
Q4 2016-2.4%-1.1%+13.7%
Q3 2016+2.5%+25.6%+21.3%
Q2 2016-0.8%-1.9%+5.8%
Q1 2016-0.5%
Q4 2015-5.6%
Q3 2015-4.4%
Q2 2015-2.8%
Q1 2015-0.4%
Q1 2014-0.4%
Q4 2014-5.2%
Q3 2013-5.5%
Q3 2014-5.5%
Q2 2013-1.3%
Q2 2014-5.2%
Q4 2013
Q1 2013

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