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Ardelyx | 10-Q: Q3 2024 Earnings Report

Ardelyx | 10-Q: Q3 2024 Earnings Report

Ardelyx | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/01 04:12

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Ardelyx reported robust Q3 2024 financial results, with total revenue reaching $98.2 million, up 74% from $56.4 million in Q3 2023. Product sales surged to $92.1 million, driven by IBSRELA sales of $40.6 million and XPHOZAH sales of $51.5 million. The company also recorded $5.3 million in product supply revenue and $0.8 million in non-cash royalty revenue.Operating expenses increased to $80.3 million from $41.3 million year-over-year, primarily due to expanded commercialization efforts for both IBSRELA and XPHOZAH. Research and development expenses rose to $15.3 million, while selling, general and administrative expenses grew to $65.0 million, reflecting increased investments in commercial infrastructure and personnel.The company ended the quarter with $190.4 million in cash, cash equivalents and short-term investments. Notable developments included signing a Commercial Supply Agreement with Hovione and securing a Fourth Amendment to its loan agreement with SLR Investment Corp, providing access to additional capital. The company believes its current financial position will fund operations for at least 12 months.
Ardelyx reported robust Q3 2024 financial results, with total revenue reaching $98.2 million, up 74% from $56.4 million in Q3 2023. Product sales surged to $92.1 million, driven by IBSRELA sales of $40.6 million and XPHOZAH sales of $51.5 million. The company also recorded $5.3 million in product supply revenue and $0.8 million in non-cash royalty revenue.Operating expenses increased to $80.3 million from $41.3 million year-over-year, primarily due to expanded commercialization efforts for both IBSRELA and XPHOZAH. Research and development expenses rose to $15.3 million, while selling, general and administrative expenses grew to $65.0 million, reflecting increased investments in commercial infrastructure and personnel.The company ended the quarter with $190.4 million in cash, cash equivalents and short-term investments. Notable developments included signing a Commercial Supply Agreement with Hovione and securing a Fourth Amendment to its loan agreement with SLR Investment Corp, providing access to additional capital. The company believes its current financial position will fund operations for at least 12 months.
Ardelyx公布了2024年第三季度强劲的财务业绩,总营业收入达到9820万元,较2023年第三季度的5640万元增长了74%。产品销售猛增至9210万元,其中IBSRELA的销售额为4060万元,XPHOZAH的销售额为5150万元。公司还记录了530万元的产品供应收入和80万元的非现金版税收入。营业费用从去年同期的4130万元上升至8030万元,这主要是由于对IBSRELA和XPHOZAH的市场推广力度加大。研发费用上升至1530万元,而销售、一般及行政费用增加至6500万元,反映了对商业制造行业和人员的投资增加。公司在本季度末手头现金、现金等价物和短期投资共计19040万元。重要进展包括与Hovione签署了商业供应协议,并与SLR Investment Corp达成了贷款协议的第四次修正,提供了额外资本的接入。公司相信其当前的财务状况能够支持运营至少12个月。
Ardelyx公布了2024年第三季度强劲的财务业绩,总营业收入达到9820万元,较2023年第三季度的5640万元增长了74%。产品销售猛增至9210万元,其中IBSRELA的销售额为4060万元,XPHOZAH的销售额为5150万元。公司还记录了530万元的产品供应收入和80万元的非现金版税收入。营业费用从去年同期的4130万元上升至8030万元,这主要是由于对IBSRELA和XPHOZAH的市场推广力度加大。研发费用上升至1530万元,而销售、一般及行政费用增加至6500万元,反映了对商业制造行业和人员的投资增加。公司在本季度末手头现金、现金等价物和短期投资共计19040万元。重要进展包括与Hovione签署了商业供应协议,并与SLR Investment Corp达成了贷款协议的第四次修正,提供了额外资本的接入。公司相信其当前的财务状况能够支持运营至少12个月。
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