earnings
confidence high
sentiment positive
materiality 0.75
Ardelyx Q3 revenue $98.2M; IBSRELA $40.6M, XPHOZAH $51.5M; net loss $0.8M
ARDELYX, INC.
2024-Q3 EPS reported
-$0.19
revenue$217,486,000
- IBSRELA Q3 net sales $40.6M (+15% QoQ); full-year guidance set at $145-150M.
- XPHOZAH Q3 net sales $51.5M (+39% QoQ); strong launch continues.
- Total revenue $98.2M (up 74% YoY); net loss $0.8M vs net income $6.6M in Q3 2023.
- Cash $190.4M at Sep 30; drew $49.7M from SLR loan (SOFR+4.02%) in October.
- Appointed Eric Foster as CCO in August; CMS Part D change for XPHOZAH cited as 2025 headwind.