ARDELYX INC
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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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.
Jun 30, 2024 · Filed Aug 1, 2024
ARDX$3.01+2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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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 June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Product sales, net | $72,591 | $18,309 | $116,103 | $29,664 |
| Product supply revenue | 13 | 3,260 | 2,139 | 3,262 |
| Licensing revenue | 19 | 764 | 36 | 776 |
| Non-cash royalty revenue related to the sale of future royalties | 599 | — | 967 | — |
| Total revenues | 73,222 | 22,333 | 119,245 | 33,702 |
| Cost of goods sold: | ||||
| Cost of product sales | 1,405 | 492 | 2,418 | 864 |
| Other cost of revenue | 8,031 | 2,997 | 14,146 | 4,162 |
| Total cost of goods sold | 9,436 | 3,489 | 16,564 | 5,026 |
| Operating expenses: | ||||
| Research and development | 12,762 | 8,282 | 23,341 | 17,375 |
| Selling, general and administrative | 64,654 | 27,186 | 117,648 | 53,989 |
| Total operating expenses | 77,416 | 35,468 | 140,989 | 71,364 |
| Loss from operations | (13,630) | (16,624) | (38,308) | (42,688) |
| Interest expense | (3,326) | (1,075) | (5,682) | (2,103) |
| Non-cash interest expense related to the sale of future royalties | (1,576) | (968) | (3,278) | (1,937) |
| Other income, net | 2,145 | 1,546 | 4,484 | 2,848 |
| Loss before provision for income taxes | (16,387) | (17,121) | (42,784) | (43,880) |
| Provision for income taxes | 67 | — | 188 | 14 |
| Net loss | $(16,454) | $(17,121) | $(42,972) | $(43,894) |
| Net loss per share of common stock - basic and diluted | $(0.07) | $(0.08) | $(0.18) | $(0.21) |
| Shares used in computing net loss per share - basic and diluted | 234,571,192 | 214,951,127 | 233,818,576 | 211,009,029 |
| Comprehensive loss: | ||||
| Net loss | $(16,454) | $(17,121) | $(42,972) | $(43,894) |
| Unrealized losses on available-for-sale securities | (81) | (190) | (325) | (156) |
| Comprehensive loss | $(16,535) | $(17,311) | $(43,297) | $(44,050) |
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