earnings
confidence high
sentiment negative
materiality 0.65
Ironwood Q3 revenue down 19% YoY to $91.6M; LINZESS Rx demand +13%
IRONWOOD PHARMACEUTICALS INC
2024-Q3 EPS reported
-$0.01
revenue$260,865,000
- GAAP net income $3.6M ($0.02 diluted EPS) vs $15.3M ($0.10) a year ago.
- Total revenue $91.6M, down from $113.7M in Q3 2023; cites pricing headwinds.
- LINZESS new-to-brand and extended-unit prescriptions each grew 13% YoY.
- Apraglutide NDA submission for short bowel syndrome on track for Q1 2025.
- Full-year 2024 financial guidance reaffirmed; Adjusted EBITDA $26.2M vs $49.1M.