ARDELYX INC
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 22, 2024
ARDX$2.88-3.7%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
(in thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $21,470 | $96,140 |
| Short-term investments | 162,829 | 27,769 |
| Accounts receivable | 22,031 | 7,733 |
| Inventory | 12,448 | 3,282 |
| Prepaid commercial manufacturing | 18,925 | 13,567 |
| Prepaid expenses and other current assets | 8,408 | 5,112 |
| Total current assets | 246,111 | 153,603 |
| Property and equipment, net | 1,009 | 1,223 |
| Inventory, non-current | 37,039 | 25,064 |
| Prepaid commercial manufacturing, non-current | 4,235 | — |
| Right-of-use assets | 5,589 | 9,295 |
| Other assets | 3,596 | 881 |
| Total assets | $297,579 | $190,066 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $11,138 | $10,859 |
| Accrued compensation and benefits | 12,597 | 7,548 |
| Current portion of operating lease liability | 4,435 | 3,894 |
| Current portion of long-term debt | — | 26,711 |
| Deferred revenue | 7,182 | 4,211 |
| Accrued expenses and other current liabilities | 15,041 | 12,380 |
| Total current liabilities | 50,393 | 65,603 |
| Operating lease liability, net of current portion | 1,725 | 5,855 |
| Long-term debt, net of current portion | 49,822 | — |
| Deferred revenue, non-current | 8,644 | 9,025 |
| Deferred royalty obligation related to the sale of future royalties | 20,179 | 11,254 |
| Total liabilities | 130,763 | 91,737 |
| Commitments and contingencies (Note 20) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding | — | — |
| Common stock, $0.0001 par value; 500,000,000 and 300,000,000 shares authorized; 232,453,190 and 198,575,016 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively. | 23 | 20 |
| Additional paid-in capital | 1,012,773 | 878,500 |
| Accumulated deficit | (846,204) | (780,137) |
| Accumulated other comprehensive income (loss) | 224 | (54) |
| Total stockholders’ equity | 166,816 | 98,329 |
| Total liabilities and stockholders’ equity | $297,579 | $190,066 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.