NASDAQ$IRWD

Ironwood Pharmaceuticals Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported second quarter 2022 results and maintained full year guidance.

Ironwood Pharmaceuticals reported positive momentum in Q2 2022, with LINZESS prescription demand growth and progress in clinical trials. The company ended the quarter with $504 million in cash and cash equivalents and reiterated its 2022 full-year guidance.

  • LINZESS EUTRx prescription demand growth in Q2 2022 increased 9% year-over-year.
  • GAAP net income was $37 million and adjusted EBITDA was $56 million.
  • The company completed its Board of Directors authorized share repurchase program and repaid the remaining principal amount of the 2022 Convertible Notes in cash.
  • 2022 guidance of U.S. LINZESS net sales growth of low single digits %, total Ironwood revenue of $420 to $430 million and adjusted EBITDA of >$250 million was reiterated.

Headline financials

Total Revenue

$97.2M

Previous: $104M-6.5%
EPS (adj)

$0.21

Previous: $0.34-38.2%
LINZESS Prescription Demand Growth

9.0%

No prior period
Capital Expenditures

$88K

Previous: -$1.81M+104.9%
Free Cash Flow

$61.3M

Previous: $389M-84.3%
Net Income

$37M

Previous: $391M-90.5%
Operating Income

$55.7M

Previous: $65.1M-14.5%
Gross Profit

$85.8M

Previous: $102M-15.7%
Cash & Equivalents

$504M

Previous: $493M+2.3%
Total Assets

$976M

Previous: $1.01B-3.1%
Stock-Based Comp

$6.6M

Previous: $4.59M+43.8%

Revenue & EPS history

Ironwood Pharmaceuticals · Revenue · Quarterly

$97.2M

Q2 2022-6.5%vs Q2 2021
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Revenue by segment

Ironwood Pharmaceuticals · $71M total across 1 segment · Q1 2020

  • LINZESS Collaboration
    $71M

Forward guidance

Ironwood Pharmaceuticals reiterates its 2022 guidance.

Tailwinds

  • U.S. LINZESS net sales growth of low single digits %
  • Total Ironwood revenue of $420 to $430 million
  • Adjusted EBITDA of >$250 million
  • Continued focused investments
  • Commitment to reaching new patients to drive prescription demand growth moving forward

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 2022

Historical avgQ2 2022

-1.0%

Avg return

Earnings day

-0.3%

Avg return

5 days after

-1.2%

Avg return

30 days after

44%

28 / 64 earnings

Positive

+32.8%

Q3 2025

Best reaction

-29.5%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-13.9%-15.5%-31.5%
Q4 2025-11.4%-5.8%-19.3%
Q3 2025+32.8%+63.5%+92.2%
Q1 2025-4.4%+0.0%+5.1%
Q4 2024-5.3%-12.9%-17.5%
Q3 2024-1.6%-12.9%-31.9%
Q2 2024-29.5%-25.3%-25.0%
Q1 2024-13.8%-18.3%-21.8%
Q4 2023-5.6%-4.0%-41.6%
Q3 2023+5.5%+5.6%+13.5%
Q2 2023-15.3%-11.3%-24.2%
Q1 2023+1.5%-2.4%+4.9%
Q4 2022+5.8%+3.9%-7.4%
Q3 2022+3.7%+6.8%+11.9%
Q2 2022+5.9%+5.6%-2.9%
Q1 2022-3.0%-8.4%-9.0%
Q4 2021-2.5%-1.2%+13.5%
Q3 2021+0.4%-1.2%-14.6%
Q2 2021+3.2%+4.3%-1.5%
Q1 2021+1.3%+1.5%+9.3%
Q4 2020-7.0%-6.6%+12.3%
Q3 2020+4.0%+12.4%+16.8%
Q2 2020+5.8%+3.0%+1.5%
Q1 2020-3.2%+2.5%-5.3%
Q4 2019-3.2%-2.9%-18.3%
Q3 2019+10.0%+15.9%+27.5%
Q2 2019+2.6%-0.8%-10.0%
Q1 2019-9.9%-12.3%-7.2%
Q4 2018+5.4%+15.1%+3.1%
Q3 2018-15.6%-15.9%-10.3%
Q2 2018-1.1%-1.9%-1.1%
Q1 2018+4.4%+2.6%+2.5%
Q4 2017+6.0%+2.4%+6.0%
Q3 2017+6.8%+1.8%+16.6%
Q2 2017-12.8%-15.5%-9.0%
Q1 2017+5.2%+12.9%+10.5%
Q4 2016-1.6%-4.2%+0.1%
Q3 2016+7.2%+15.2%+22.5%
Q2 2016-6.0%-7.7%-6.9%
Q1 2016+9.3%
Q4 2015+3.4%
Q3 2015-1.2%
Q2 2015+2.4%
Q1 2015-0.1%
Q4 2014-3.1%
Q3 2014-0.9%
Q2 2014-6.2%
Q1 2014+8.4%
Q4 2013+14.1%
Q3 2013-4.0%
Q2 2013+4.2%
Q1 2013-8.9%
Q4 2012-7.7%
Q3 2012+0.0%
Q2 2012-3.8%
Q1 2011-0.5%
Q1 2012-3.5%
Q4 2011-3.4%
Q2 2011-3.4%
Q3 2011-13.6%
Q2 2010+3.3%
Q4 2010+0.1%
Q3 2010+1.4%
Q1 2010-3.7%

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