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Sep 30, 2023

Arrowhead Pharmaceuticals Q4 2023 Earnings Report

Reported fiscal year end results for 2023.

Key Takeaways

Arrowhead Pharmaceuticals announced its financial results for the fiscal year ended September 30, 2023. The company highlighted recent presentations of Phase 2 clinical data and the completion of toxicology studies for pulmonary candidates.

Presented new Phase 2 clinical data from SHASTA-2, MUIR, and ARCHES-2 studies at the American Heart Association Scientific Sessions.

Hosted a webinar featuring experts to discuss plozasiran in the context of lipid and lipoprotein disorder treatments.

Completed chronic GLP toxicology for pulmonary candidates ARO-RAGE and ARO-MMP7 with encouraging results.

Filed for regulatory clearance to initiate a Phase 1/2a study of ARO-DM1 for patients with type 1 myotonic dystrophy.

Total Revenue
$16.1M
Previous year: $31.6M
-49.0%
EPS
-$1.02
Previous year: -$0.81
+25.9%
Gross Profit
$12.2M
Previous year: $28.9M
-57.7%
Cash and Equivalents
$111M
Previous year: $108M
+2.7%
Free Cash Flow
-$89.2M
Previous year: -$101M
-12.0%
Total Assets
$766M
Previous year: $692M
+10.6%

Arrowhead Pharmaceuticals

Arrowhead Pharmaceuticals

Forward Guidance

Arrowhead Pharmaceuticals did not provide specific financial guidance for future periods in this report.