NASDAQ$ARWR

Arrowhead Pharmaceuticals Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Arrowhead Pharmaceuticals reported fiscal year end results.

Arrowhead Pharmaceuticals reported financial results for its fiscal year ended September 30, 2020. The company earned two $20 million milestone payments from Amgen and signed an agreement with Takeda to co-develop and co-commercialize ARO-AAT.

  • Earned a $20 million milestone payment from Amgen following the administration of the first dose of AMG 890.
  • Hosted a key opinion leader webinar on ARO-ENaC, the company’s investigational RNAi therapeutic being developed as a treatment for patients with cystic fibrosis.
  • Initiated a Phase 1b study of ARO-HIF2, the company’s first tumor targeted investigational RNAi therapeutic being developed as a treatment for patients with clear cell renal cell carcinoma.
  • Signed an agreement with Takeda to co-develop and co-commercialize ARO-AAT, which includes $300 million upfront.

Headline financials

Total Revenue

$7.63M

Previous: $43.3M-82.4%
EPS (adj)

-$0.48

Previous: $0.11-536.4%
Capital Expenditures

$1.88M

Previous: $7.83M-75.9%
Free Cash Flow

-$12.7M

Previous: $5.98M-313.0%
Net Income

-$84.6M

Previous: $11.7M-822.4%
Operating Income

-$93.2M

Previous: $9.64M-1066.6%
Gross Profit

$7.63M

Previous: $43.3M-82.4%
Cash & Equivalents

$144M

Previous: $222M-35.3%
Total Assets

$523M

Previous: $350M+49.4%
Stock-Based Comp

$15.9M

Previous: $5.12M+210.2%

Revenue & EPS history

Arrowhead Pharmaceuticals · Revenue · Quarterly

$7.63M

Q4 2020-82.4%vs Q4 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Arrowhead Pharmaceuticals develops medicines that treat intractable diseases by silencing the genes that cause them.

Tailwinds

  • Broad portfolio of RNA chemistries
  • Efficient modes of delivery
  • Therapies trigger the RNA interference mechanism
  • Rapid knockdown of target genes
  • Durable knockdown of target genes

Headwinds

  • Safety and efficacy of product candidates
  • Duration and impact of regulatory delays in clinical programs
  • Ability to finance operations
  • Likelihood and timing of the receipt of future milestone and licensing fees
  • Future success of scientific studies

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 2020

Historical avgQ4 2020

+0.0%

Avg return

Earnings day

+4.2%

Avg return

5 days after

+10.8%

Avg return

30 days after

38%

24 / 64 earnings

Positive

+39.2%

Q4 2024

Best reaction

-26.7%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+1.6%+0.1%-6.1%
Q1 2026-0.2%-4.8%-7.5%
Q4 2025+23.2%+20.2%+49.9%
Q2 2025+9.4%+12.5%+16.1%
Q1 2025-5.2%+0.2%-24.3%
Q4 2024+39.2%+38.5%+3.9%
Q3 2024-6.4%-8.6%-11.1%
Q2 2024-12.5%-9.2%-5.2%
Q1 2024-1.2%+1.7%+3.7%
Q4 2023-26.7%-13.8%+5.8%
Q3 2023-13.1%-8.8%-7.7%
Q2 2023+12.5%+15.8%-2.9%
Q1 2023-8.5%-9.9%-19.3%
Q4 2022+1.7%+15.0%+27.3%
Q3 2022+3.6%+2.5%-11.1%
Q2 2022-11.5%-3.3%-0.7%
Q1 2022-11.1%-5.4%-22.1%
Q4 2021-0.3%+1.3%-1.8%
Q3 2021-2.0%-7.4%+2.2%
Q2 2021-5.4%-5.5%+3.2%
Q1 2021+12.6%+11.8%-14.1%
Q4 2020-12.2%-8.4%+24.1%
Q3 2020-7.0%-8.5%-18.3%
Q2 2020-0.3%+5.0%-0.5%
Q1 2020-6.4%-2.4%-23.9%
Q4 2019+37.6%+48.4%+31.2%
Q3 2019-2.1%-0.2%+17.6%
Q2 2019+8.0%+0.1%+50.2%
Q1 2019+13.2%+25.4%+33.0%
Q4 2018+11.2%+4.8%+9.8%
Q3 2018+13.2%+18.6%+36.2%
Q2 2018+15.8%+27.2%+33.5%
Q1 2018-6.2%-3.4%+30.9%
Q4 2017-3.1%-10.5%+43.6%
Q3 2017+8.9%+13.6%+69.2%
Q2 2017+13.5%+6.4%+3.8%
Q1 2017+3.2%+3.7%+12.1%
Q4 2016+0.0%-1.6%+62.2%
Q3 2016-1.2%+1.0%+29.7%
Q2 2016-3.1%
Q1 2016-0.9%
Q4 2015-1.1%
Q3 2015+12.1%
Q2 2015-10.9%
Q1 2015-1.1%
Q4 2014-6.2%
Q3 2014+1.2%
Q2 2014-10.7%
Q1 2014-2.6%
Q4 2013+7.3%
Q3 2013+2.5%
Q2 2013+10.2%
Q1 2013-1.8%
Q4 2012-7.2%
Q3 2012-16.8%
Q2 2012-4.5%
Q1 2012-1.4%
Q4 2011+0.5%
Q2 2011+0.5%
Q3 2011-12.4%
Q3 2010-12.4%
Q4 2010-12.4%
Q1 2011-5.6%
Q2 2010-8.1%

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