ARDELYX, INC.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|
| Revenue | $12.5M | $1.9M | $24.2M | $44.7M | $11.4M | $5.4M |
| Product sales net | $0 | $0 | $0 | $0 | $0 | — |
| Licensing and collaboration revenue | $12.5M | $1.9M | $24.2M | $44.7M | $11.4M | — |
| Non-cash royalty revenue | $0 | $0 | $0 | $0 | $0 | — |
| Cost of Revenue | $8.4M | — | — | — | — | — |
| Gross Profit | $33.6M | — | $24.0M | — | — | — |
| Gross Margin | 269.3% | — | 99.3% | — | — | — |
| Operating Expenses | ||||||
| Research & Development | $75.5M | $94.2M | $39.9M | $25.9M | $28.1M | $10.2M |
| SG&A Expense | $23.2M | $18.7M | $13.5M | $7.3M | $3.7M | $4.0M |
| Operating Income | $-65.1M | $-112.9M | $-29.4M | $-1.6M | $-2.9M | $-8.8M |
| Operating Margin | -522.0% | -6,021.1% | -121.5% | -3.5% | -25.0% | -162.8% |
| Interest Expense | — | — | — | — | — | — |
| Pretax Income | $-63.2M | $-112.4M | $-29.7M | $-3.1M | $-6.4M | $-9.8M |
| Income Tax Expense | $1.2M | — | $-29.0K | $67.0K | $141.0K | — |
| Net Income | $-64.3M | $-112.4M | $-29.6M | $-3.2M | $-6.6M | $-9.8M |
| Net Margin | -515.7% | -5,994.0% | -122.4% | -7.2% | -57.4% | -180.9% |
| EPS (Basic) | $-1.36 | $-2.80 | $-1.29 | $-0.31 | $-5.82 | $-11.32 |
| EPS (Diluted) | $-1.36 | $-2.80 | $-1.29 | $-0.31 | $-5.82 | $-11.32 |
| Shares Outstanding (Basic) | 47.5M | 47.3M | 26.0M | 18.6M | 1.2M | — |
| Shares Outstanding (Diluted) | 47.5M | 47.3M | 26.0M | 18.6M | 1.2M | — |
| Dividends Per Share | — | — | — | — | — | — |