ARDELYX INC
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
ARDX$2.93+1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows (unaudited)
CONDENSED STATEMENTS OF CASH FLOWS
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net loss | $(43,781) | $(37,265) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization expense | 1,548 | 930 |
| Non-cash lease expense | 2,973 | 2,690 |
| Stock-based compensation | 27,518 | 9,600 |
| Non-cash interest expense | 5,420 | 3,093 |
| Non-cash royalty revenue related to the sale of future royalties | (1,776) | — |
| Other, net | (3,577) | (1,483) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (31,164) | (35,530) |
| Inventory | (35,671) | (19,152) |
| Prepaid commercial manufacturing | 6,497 | (3,609) |
| Prepaid expenses and other assets | (5,759) | (2,671) |
| Accounts payable | 3,686 | (3,123) |
| Accrued compensation and benefits | (1,056) | 809 |
| Operating lease liabilities | (3,388) | (2,880) |
| Accrued and other liabilities | 19,695 | 6,466 |
| Deferred revenue | 4,216 | 1,126 |
| Net cash used in operating activities | (54,619) | (80,999) |
| Investing activities | ||
| Proceeds from maturities and redemptions of investments | 120,354 | 36,264 |
| Purchases of investments | (96,634) | (137,644) |
| Purchases of property and equipment | (418) | (301) |
| Net cash provided by (used in) investing activities | 23,302 | (101,681) |
| Financing activities | ||
| Proceeds from 2022 Loan Agreement, net of issuance costs | 49,750 | — |
| Proceeds from issuance of common stock in at the market offering, net of issuance costs | — | 119,248 |
| Proceeds from issuance of common stock under equity incentive and stock purchase plans | 7,526 | 1,059 |
| Net cash provided by financing activities | 57,276 | 120,307 |
| Net increase (decrease) in cash and cash equivalents | 25,959 | (62,373) |
| Cash and cash equivalents at beginning of period | 21,470 | 96,140 |
| Cash and cash equivalents at end of period | $47,429 | $33,767 |
| Supplementary disclosure of cash flow information: | ||
| Cash paid for interest | $6,962 | $2,692 |
| Cash paid for income taxes | $272 | $19 |
| Supplementary disclosure of non-cash activities: | ||
| Right-of-use assets obtained in exchange for lease obligations | $1,010 | $339 |
| Issuance of common stock for services | $257 | $337 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.