NASDAQ$ARDX

Ardelyx Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported first quarter financial results and business highlights.

Ardelyx reported its first commercial product sales of IBSRELA with $0.5 million in revenue. The company is pursuing FDA approval for XPHOZAH and received notification from the FDA that an advisory committee meeting will be convened. Net loss for the quarter was $28.1 million, or $0.21 per share.

  • Launched IBSRELA, the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults.
  • Presented additional positive clinical observations of XPHOZAH at the National Kidney Foundation 2022 Spring Clinical Meetings.
  • Reached an agreement with Kyowa Kirin Co. Ltd. to amend the license agreement for tenapanor in Japan.
  • The FDA has provided an interim response to Ardelyx’s second level of appeal of the Complete Response Letter (CRL) for XPHOZAH and will convene an advisory committee meeting.

Headline financials

Total Revenue

$468K

Previous: $6.58M-92.9%
EPS (adj)

-$0.21

Previous: -$0.34+38.2%
Capital Expenditures

$0.00

Previous: -$778K+100.0%
Free Cash Flow

-$28.1M

Previous: -$33.9M+17.3%
Net Income

-$28.1M

Previous: -$33.2M+15.3%
Operating Income

-$27.8M

Previous: -$32M+13.1%
Gross Profit

$383K

Previous: $5.58M-93.1%
Cash & Equivalents

$47.1M

Previous: $84.1M-44.0%
Total Assets

$129M

Previous: $210M-38.5%
Stock-Based Comp

$3.72M

Previous: $3.09M+20.6%

Revenue & EPS history

Ardelyx · Revenue · Quarterly

$468K

Q1 2022-92.9%vs Q1 2021
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

Ardelyx · $35M total across 1 segment · Q4 2022

  • Licensing Revenue
    $35M

Forward guidance

The company did not provide specific forward guidance but did mention expectations regarding the timing of Kyowa Kirin’s filing for marketing approval for tenapanor for hyperphosphatemia in Japan and Ardelyx’s expectations regarding the potential timing for Kyowa Kirin’s marketing approval in Japan.

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 2022

Historical avgQ1 2022

+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro