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Dec 31, 2020

Arrowhead Pharmaceuticals Q1 2021 Earnings Report

Reported first quarter fiscal year 2021 results, showing a decrease in revenue and a net loss.

Key Takeaways

Arrowhead Pharmaceuticals reported a decrease in revenue and a net loss for the first quarter of fiscal year 2021. The company is focused on developing RNAi therapeutics.

Submitted an IND application for ARO-ANG3 for mixed dyslipidemia.

Presented new clinical data from Phase 1/2 studies of ARO-APOC3 and ARO-ANG3 at the American Heart Association meetings.

Closed an agreement with Takeda to co-develop and co-commercialize ARO-AAT, including $300 million upfront.

Presented new clinical data on ARO-AAT at The Liver Meeting Digital Experience.

Total Revenue
$21.3M
Previous year: $29.5M
-27.7%
EPS
-$0.2
Previous year: -$0.03
+566.7%
Shares Outstanding
103.19K
Previous year: 101.11M
-99.9%
Gross Profit
$21.3M
Previous year: $29.5M
-27.7%
Cash and Equivalents
$140M
Previous year: $461M
-69.7%
Free Cash Flow
-$43.2M
Previous year: -$27.9M
+55.1%
Total Assets
$499M
Previous year: $588M
-15.0%

Arrowhead Pharmaceuticals

Arrowhead Pharmaceuticals