NASDAQ$IRWD

Ironwood Pharmaceuticals Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Ironwood Pharmaceuticals' Q3 2021 performance was marked by prescription demand growth, U.S. net sales increase, profitability, and pipeline expansion.

Ironwood Pharmaceuticals reported Q3 2021 results, featuring a 12% year-over-year increase in LINZESS prescription demand, $253 million in LINZESS U.S. net sales (a 5% increase year-over-year), total revenue of $104 million, and GAAP net income of $56 million. The company ended the quarter with $574 million in cash and cash equivalents and expanded its pipeline through an option agreement with COUR Pharmaceuticals.

  • LINZESS prescription demand grew by 12% year-over-year.
  • LINZESS U.S. net sales reached $253 million, a 5% increase year-over-year.
  • Total revenue was reported at $104 million, with U.S. LINZESS collaboration revenue at $100 million.
  • GAAP net income was $56 million, and adjusted EBITDA was $65 million; the company ended Q3 2021 with $574 million in cash and cash equivalents.

Headline financials

Total Revenue

$104M

Previous: $103M+0.3%
EPS (adj)

$0.33

Previous: $0.23+43.5%
Capital Expenditures

-$137K

Previous: -$4.52M+97.0%
Free Cash Flow

$55.7M

Previous: $29.9M+86.3%
Net Income

$55.8M

Previous: $34.4M+62.2%
Operating Income

$65.2M

Previous: $45.6M+42.9%
Gross Profit

$102M

Previous: $101M+0.3%
Cash & Equivalents

$574M

Previous: $308M+86.7%
Total Assets

$1.08B

Previous: $492M+119.2%
Stock-Based Comp

$6.21M

Previous: $7.71M-19.5%

Revenue & EPS history

Ironwood Pharmaceuticals · Revenue · Quarterly

$104M

Q3 2021+0.3%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

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

  • LINZESS Collaboration
    $71M

Forward guidance

Ironwood Pharmaceuticals reaffirmed its financial guidance for 2021, including expectations for U.S. LINZESS net sales growth, total revenue, and adjusted EBITDA.

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 Q3 2021

Historical avgQ3 2021

-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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