ARDELYX INC

For the period ended Mar 31, 2024. Filed May 2, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 2, 2024

ARDX$3.01+2.7%Stored close · as of Nov 10, 2026

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Contents

Condensed Statements of Operations and Comprehensive Loss (unaudited)

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(in thousands, except share and per share amounts)

	Three Months Ended March 31,
	2024	2023
Revenues:
Product sales, net	$43,512	$11,355
Product supply revenue	2,126	2
Licensing revenue	17	12
Non-cash royalty revenue related to the sale of future royalties	368	—
Total revenues	46,023	11,369
Cost of goods sold:
Cost of product sales	1,013	372
Other cost of revenue	6,115	1,165
Total cost of goods sold	7,128	1,537
Operating expenses:
Research and development	10,579	9,093
Selling, general and administrative	52,994	26,803
Total operating expenses	63,573	35,896
Loss from operations	(24,678)	(26,064)
Interest expense	(2,356)	(1,028)
Non-cash interest expense related to the sale of future royalties	(1,702)	(969)
Other income, net	2,339	1,302
Loss before provision for income taxes	(26,397)	(26,759)
Provision for income taxes	121	14
Net loss	$(26,518)	$(26,773)
Net loss per share of common stock - basic and diluted	$(0.11)	$(0.13)
Shares used in computing net loss per share - basic and diluted	233,065,960	207,023,127
Comprehensive loss:
Net loss	$(26,518)	$(26,773)
Unrealized (losses) gains on available-for-sale securities	(244)	34
Comprehensive loss	$(26,762)	$(26,739)

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.