Ionis Q4 2023 Earnings Report
Key Takeaways
Ionis Pharmaceuticals reported strong Q4 2023 financial results, with revenue more than doubling compared to the same period in the prior year. The company achieved several milestones, including the approval of WAINUA in the U.S. and positive Phase 3 data readouts for olezarsen and donidalorsen. Ionis is preparing regulatory submissions for FCS and HAE.
Revenue more than doubled for the fourth quarter of 2023 compared to the same period in the prior year.
WAINUA approved in the U.S., resulting in a $50 million milestone payment from AstraZeneca.
Positive Phase 3 olezarsen and donidalorsen data, preparing regulatory submissions for FCS and HAE, respectively
Cash and short-term investments of $2.3 billion as of December 31, 2023.
Ionis
Ionis
Ionis Revenue by Segment
Forward Guidance
The Company’s 2024 guidance reflects its plan to deploy its capital resources toward growth opportunities, including continued investments in its near-term commercial opportunities, expanding its wholly owned pipeline and advancing its technology platform. Additionally, the Company expects to continue earning substantial revenue from its commercial portfolio and partnered programs.
Positive Outlook
- Continued investments in near-term commercial opportunities
- Expanding its wholly owned pipeline
- Advancing its technology platform
- Continue earning substantial revenue from its commercial portfolio
- Continue earning substantial revenue from partnered programs
Revenue & Expenses
Visualization of income flow from segment revenue to net income