NASDAQ$IRWD

Ironwood Pharmaceuticals Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported fourth quarter and full year results, achieving GAAP and non-GAAP net income of $175 million for the year and ending the year with $656 million in cash and cash equivalents.

Ironwood Pharmaceuticals reported its fourth quarter and full year 2022 results, with full year LINZESS U.S. net sales growth lower than expected due to inventory fluctuations, but delivered adjusted EBITDA guidance of over $250 million. The company ended the year with a strong balance sheet and is focused on investing in LINZESS and pursuing GI assets.

  • 2022 GAAP and non-GAAP net income of $175 million
  • 2022 adjusted EBITDA of $252 million
  • Ended 2022 with $656 million in cash and cash equivalents
  • FDA granted priority review to the sNDA for LINZESS for the treatment of functional constipation in pediatric patients aged 6 to 17 with a PDUFA date in the second quarter of 2023

Headline financials

Total Revenue

$107M

Previous: $117M-8.5%
EPS (adj)

$0.27

Previous: $0.27+0.0%
Capital Expenditures

-$27K

Previous: $128K-121.1%
Free Cash Flow

$79.2M

Previous: $64.4M+22.9%
Net Income

$0.00

Previous: $528M-100.0%
Operating Income

$0.00

Previous: $0.00
Gross Profit

$107M

Previous: $117M-8.5%
Cash & Equivalents

$656M

Previous: $620M+5.8%
Total Assets

$1.1B

Previous: $1.13B-2.3%
Stock-Based Comp

$7.29M

Previous: $6.09M+19.7%

Revenue & EPS history

Ironwood Pharmaceuticals · Revenue · Quarterly

$107M

Q4 2022-8.5%vs Q4 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 anticipates a number of exciting milestones this year, and believe Ironwood is well positioned to deliver long term growth and value to patients and shareholders. Ironwood has assumed that it will not incur material expenses related to business development activities in 2023.

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 2022

Historical avgQ4 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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