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Jun 30, 2022

Arrowhead Pharmaceuticals Q3 2022 Earnings Report

Reported fiscal 2022 third quarter results.

Key Takeaways

Arrowhead Pharmaceuticals reported a net loss of $72.05 million, or $0.68 per share, for the fiscal third quarter ended June 30, 2022. Revenue was $32.41 million.

Published results from a Phase 2 clinical study of fazirsiran (TAK-999/ARO-AAT) in the New England Journal of Medicine (NEJM).

Hosted a pulmonary research & development (R&D) Day in New York City.

Initiated Phase 1/2a clinical studies for ARO-MUC5AC and ARO-RAGE.

Initiated the Phase 2 GATEWAY clinical study of ARO-ANG3.

Total Revenue
$32.4M
Previous year: $45.9M
-29.4%
EPS
-$0.68
Previous year: -$0.29
+134.5%
Gross Profit
$29.8M
Previous year: $45.9M
-35.0%
Cash and Equivalents
$139M
Previous year: $326M
-57.2%
Free Cash Flow
-$78.4M
Previous year: -$33.5M
+133.7%
Total Assets
$752M
Previous year: $735M
+2.3%

Arrowhead Pharmaceuticals

Arrowhead Pharmaceuticals

Forward Guidance

No forward guidance provided in the press release.