NASDAQ$ARDX

Ardelyx Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported financial results for the second quarter of 2020 and provided business highlights.

Ardelyx reported $1.8 million in revenue for Q2 2020, primarily from collaborative development. The company submitted a New Drug Application to the FDA for tenapanor and maintained a strong balance sheet with $204.8 million in cash, cash equivalents, and short-term investments.

  • Submitted a New Drug Application to the FDA for tenapanor for hyperphosphatemia.
  • Released additional positive data from the ongoing NORMALIZE Phase 4 study.
  • Kyowa Kirin Co., Ltd. (KKC) presented positive data at ERA-EDTA 2020 on tenapanor's ability to reduce pill burden.
  • Strengthened leadership team with the appointment of a chief financial officer and chief commercial officer.

Headline financials

Total Revenue

$1.84M

Previous: $18K+10100.0%
EPS (adj)

-$0.28

Previous: -$0.41+31.7%
Capital Expenditures

-$25K

Previous: -$211K+88.2%
Free Cash Flow

-$25M

Previous: -$25.7M+2.7%
Net Income

-$25M

Previous: -$25.5M+2.0%
Operating Income

-$24.2M

Previous: -$24.8M+2.5%
Gross Profit

$1.7M

Previous: $18K+9316.7%
Cash & Equivalents

$100M

Previous: $89.6M+12.1%
Total Assets

$217M

Previous: $138M+57.5%
Stock-Based Comp

$2.67M

No prior period

Revenue & EPS history

Ardelyx · Revenue · Quarterly

$1.84M

Q2 2020+10,100%vs Q2 2019
Beat estimate in 6 of 12 quarters(50%)
ActualEstimate

Revenue by segment

Ardelyx · $706K total across 1 segment · Q2 2020

  • Licensing Revenue
    $706K

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 Q2 2020

Historical avgQ2 2020

+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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