NASDAQ$ARWR

Arrowhead Pharmaceuticals Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported fiscal year end results for 2023.

Arrowhead Pharmaceuticals announced its financial results for the fiscal year ended September 30, 2023. The company highlighted recent presentations of Phase 2 clinical data and the completion of toxicology studies for pulmonary candidates.

  • Presented new Phase 2 clinical data from SHASTA-2, MUIR, and ARCHES-2 studies at the American Heart Association Scientific Sessions.
  • Hosted a webinar featuring experts to discuss plozasiran in the context of lipid and lipoprotein disorder treatments.
  • Completed chronic GLP toxicology for pulmonary candidates ARO-RAGE and ARO-MMP7 with encouraging results.
  • Filed for regulatory clearance to initiate a Phase 1/2a study of ARO-DM1 for patients with type 1 myotonic dystrophy.

Headline financials

Total Revenue

$16.1M

Previous: $31.6M-49.0%
EPS (adj)

-$1.02

Previous: -$0.81-25.9%
Capital Expenditures

-$63.9M

Previous: $32.7M-295.4%
Free Cash Flow

-$89.2M

Previous: -$101M+12.0%
Net Income

-$209M

Previous: -$173M-21.2%
Operating Income

-$205M

Previous: -$179M-14.8%
Gross Profit

$12.2M

Previous: $28.9M-57.7%
Cash & Equivalents

$111M

Previous: $108M+2.7%
Total Assets

$766M

Previous: $692M+10.6%
R&D Expense

$99.9M

No prior period
Stock-Based Comp

$18.2M

Previous: $29.2M-37.7%

Revenue & EPS history

Arrowhead Pharmaceuticals · Revenue · Quarterly

$16.1M

Q4 2023-49%vs Q4 2022
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

Arrowhead Pharmaceuticals did not provide specific financial guidance for future periods in this report.

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 2023

Historical avgQ4 2023

+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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