earnings
confidence high
sentiment neutral
materiality 0.65
Ironwood cuts FY2022 revenue guidance to ~$411M; issues FY2023 outlook and files sNDA for pediatric LINZESS
IRONWOOD PHARMACEUTICALS INC
2022-FY EPS reported
$0.96
revenue$410,596,000
- Updated FY2022: total revenue ~$411M (prev. $420-430M), LINZESS net sales ~0% growth, adj. EBITDA ~$250M.
- FY2023 guidance: revenue $420-435M, LINZESS net sales growth 3-5%, adj. EBITDA >$250M.
- sNDA submitted to FDA for LINZESS in functional constipation in children 6-17; if approved, first FDA therapy for this population.
- Expects ~$650M cash at YE2022; high single-digit LINZESS prescription demand growth in 2023.
- Clinical milestone: CNP-104 data expected in H2 2023.