NASDAQ$ARDX

Ardelyx Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Ardelyx reported financial results for the fourth quarter and full year ended December 31, 2019, and highlighted key accomplishments, including progress in the development of tenapanor and FDA approval for IBSRELA®.

Ardelyx reported total revenues of $2.25 million for the fourth quarter of 2019 and a net loss of $19.79 million. The company's cash, cash equivalents, and short-term investments are expected to fund operations until early 2022.

  • On track to submit NDA for Tenapanor for the control of serum phosphorus in mid-2020.
  • Total revenues were $5.3 million for the year ended December 31, 2019 related to the company’s ex-U.S. collaboration partnerships
  • Received FDA approval for IBSRELA® (tenapanor).
  • Raised approximately $135 million, net of underwriting discounts and commissions, following a successful underwritten public offering of 23,000,000 shares of common stock

Headline financials

Total Revenue

$2.25M

Previous: $85K+2547.1%
EPS (adj)

-$0.27

Previous: -$0.45+40.0%
Free Cash Flow

-$11.1M

No prior period
Net Income

-$19.8M

No prior period
Operating Income

-$18.8M

No prior period
Gross Profit

$2.25M

No prior period
Cash & Equivalents

$181M

No prior period
Total Assets

$260M

No prior period
Stock-Based Comp

$2.21M

No prior period

Revenue & EPS history

Ardelyx · Revenue · Quarterly

$2.25M

Q4 2019+2,547.1%vs Q4 2018
Beat estimate in 5 of 11 quarters(45%)
ActualEstimate

Revenue by segment

Ardelyx · $1.5M total across 1 segment · Q4 2019

  • Licensing Revenue
    $1.5M

Forward guidance

Ardelyx maintains its expectation that its cash, cash equivalents and short-term investments will be sufficient to fund the company’s operations until early 2022 based on its current operating plans.

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 Q4 2019

Historical avgQ4 2019

+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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