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Mar 31, 2020

Arrowhead Pharmaceuticals Q2 2020 Earnings Report

Reported financial results for the fiscal second quarter ended March 31, 2020.

Key Takeaways

Arrowhead Pharmaceuticals reported a revenue of $23,528,853 and a net loss of $19,835,570 for the fiscal second quarter ended March 31, 2020.

Dosed the first patients in AROHSD1001, a Phase 1/2 clinical study of ARO-HSD.

Completed enrollment of the first sequential cohort in the AROAAT2002 study, a pilot open-label, multi-dose, Phase 2 study to assess changes in a novel histological activity scale in response to ARO-AAT over time in patients with alpha-1 antitrypsin deficiency associated liver disease.

Completed planned enrollment in AROANG1001, a Phase 1 clinical study of ARO-ANG3.

Completed discovery and optimization work and advanced ARO-Lung2 into IND-enabling studies with a planned CTA filing in in the first half of 2021.

Total Revenue
$23.5M
Previous year: $48.1M
-51.1%
EPS
-$0.2
Previous year: $0.24
-183.3%
Gross Profit
$23.5M
Previous year: $48.1M
-51.1%
Cash and Equivalents
$257M
Previous year: $162M
+58.8%
Free Cash Flow
-$31.2M
Previous year: -$19.8M
+57.6%
Total Assets
$561M
Previous year: $334M
+68.0%

Arrowhead Pharmaceuticals

Arrowhead Pharmaceuticals

Forward Guidance

No forward guidance was provided in the press release.