ARDELYX INC

For the period ended Dec 31, 2023. Filed Feb 22, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 22, 2024

ARDX$2.88-3.7%Stored close · as of Nov 6, 2026

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Contents

Statements of Operations and Comprehensive Loss

(in thousands, except share and per share amounts)

	Year Ended December 31,
	2023	2022	2021
Revenues:
Product sales, net	$82,526	$15,600	$—
Licensing revenue	35,809	35,031	5,013
Product supply revenue	6,121	1,527	907
Collaborative development revenue	—	—	4,177
Total revenues	124,456	52,158	10,097
Cost of goods sold:
Cost of product sales	2,323	566	—
Other cost of revenue	15,472	3,551	1,000
Total cost of goods sold	17,795	4,117	1,000
Operating expenses:
Research and development	35,536	35,201	91,140
Selling, general and administrative	134,401	76,599	72,303
Total operating expenses	169,937	111,800	163,443
Loss from operations	(63,276)	(63,759)	(154,346)
Interest expense	(4,950)	(3,400)	(4,502)
Non-cash interest expense related to the sale of future royalties	(3,924)	(1,673)	—
Other income, net	6,630	1,633	687
Loss before provision for income taxes	(65,520)	(67,199)	(158,161)
Provision for income taxes	547	8	4
Net loss	$(66,067)	$(67,207)	$(158,165)
Net loss per share of common stock - basic and diluted	$(0.30)	$(0.42)	$(1.52)
Shares used in computing net loss per share - basic and diluted	219,331,253	158,690,083	104,205,645
Comprehensive loss:
Net loss	$(66,067)	$(67,207)	$(158,165)
Unrealized gains (losses) on available-for-sale securities	278	(48)	(2)
Comprehensive loss	$(65,789)	$(67,255)	$(158,167)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.