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Mar 31, 2022

Arrowhead Pharmaceuticals Q2 2022 Earnings Report

Reported fiscal 2022 second quarter results.

Key Takeaways

Arrowhead Pharmaceuticals reported a net income of $44.366 million and revenue of $151.805 million for the fiscal second quarter ended March 31, 2022.

Initiated the PALISADE Phase 3 clinical study to evaluate the efficacy and safety of ARO-APOC3 in adults with familial chylomicronemia syndrome.

Completed enrollment of 204 patients in the Phase 2b ARCHES-2 clinical study of ARO-ANG3 for patients with mixed dyslipidemia.

Initiated the Phase 2 GATEWAY clinical study of ARO-ANG3 in patients with homozygous familial hypercholesterolemia (HoFH).

Initiated a Phase 1/2 study of ARO-C3 for various complement mediated diseases.

Total Revenue
$152M
Previous year: $32.8M
+362.7%
EPS
$0.41
Previous year: -$0.26
-257.7%
Gross Profit
$149M
Previous year: $32.8M
+354.8%
Cash and Equivalents
$86.4M
Previous year: $372M
-76.8%
Free Cash Flow
$57.9M
Previous year: $257M
-77.4%
Total Assets
$704M
Previous year: $757M
-7.0%

Arrowhead Pharmaceuticals

Arrowhead Pharmaceuticals

Forward Guidance

This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.