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ARDX - Ardelyx GAAP EPS of -$0.21 in-line revenue of $0.47M misses by $0.41M
Ardelyx Inc.
Ardelyx press release (NASDAQ:ARDX): Q1 GAAP EPS of -$0.21 in-line. Revenue of $0.47M (-92.9% Y/Y) misses by $0.41M. As of Mar. 31, 2022, the company had total cash, cash equivalents and investments of $89.7M, as compared to total cash, cash equivalents and investments of $116.7M as of Dec. 31, 2021. Recognized first commercial product sales, net for IBSRELA during March 2022 in the amount of $0.5M.