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Stock impact report

When Will Ardelyx, Inc. (NASDAQ:ARDX) Become Profitable? [Yahoo! Finance]

Ardelyx, Inc. (ARDX) 
Last ardelyx, inc. earnings: 3/6 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ardelyx.com/investor-relations
Company Research Source: Yahoo! Finance
Ardelyx, Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines to treat gastrointestinal and cardiorenal therapeutic areas in the United States and internationally. The US$1.4b market-cap company posted a loss in its most recent financial year of US$66m and a latest trailing-twelve-month loss of US$66m shrinking the gap between loss and breakeven. The most pressing concern for investors is Ardelyx's path to profitability – when will it breakeven? In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable. See our latest analysis for Ardelyx Consensus from 10 of the American Biotechs analysts is that Ardelyx is on the verge of breakeven. They anticipate the company to incur a final loss in 2024, before generating positive profits of US$29m in 2025. The company is therefore projected to breakeven just over a year from now. In order to meet this breakeven date, we calculated the rate at w Show less Read more
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