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ARDX Quote, Financials, Valuation and Earnings

Last price:
$3.67
Seasonality move :
-3.74%
Day range:
$3.66 - $4.01
52-week range:
$3.21 - $8.06
Dividend yield:
0%
P/E ratio:
--
P/S ratio:
2.40x
P/B ratio:
6.03x
Volume:
5.9M
Avg. volume:
5.9M
1-year change:
-45.87%
Market cap:
$878.1M
Revenue:
$333.6M
EPS (TTM):
-$0.22
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Revenue $7.6M $10.1M $52.2M $124.5M $333.6M
Revenue Growth (YoY) 43.36% 33.36% 416.57% 138.61% 168.06%
 
Cost of Revenues $145K $1M $4.1M $17.8M $50.6M
Gross Profit $7.4M $9.1M $48M $106.7M $283.1M
Gross Profit Margin 98.09% 90.1% 92.11% 85.7% 84.85%
 
R&D Expenses $65.1M $91.1M $35.2M $35.5M $52.3M
Selling, General & Admin $33.2M $72.3M $76.6M $134.4M $258.7M
Other Inc / (Exp) $1.6M $687K $1.6M $6.6M $9.2M
Operating Expenses $98.2M $163.4M $111.8M $169.9M $311M
Operating Income -$90.8M -$154.3M -$63.8M -$63.3M -$28M
 
Net Interest Expenses $5.1M $4.5M $5.1M $8.9M $20.1M
EBT. Incl. Unusual Items -$94.3M -$158.2M -$67.2M -$65.5M -$38.9M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $2K $4K $8K $547K $266K
Net Income to Company -$94.3M -$158.2M -$67.2M -$66.1M -$39.1M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$94.3M -$158.2M -$67.2M -$66.1M -$39.1M
 
Basic EPS (Cont. Ops) -$1.05 -$1.52 -$0.42 -$0.30 -$0.17
Diluted EPS (Cont. Ops) -$1.05 -$1.52 -$0.42 -$0.30 -$0.17
Weighted Average Basic Share $89.6M $104.2M $158.7M $219.3M $235.2M
Weighted Average Diluted Share $89.6M $104.2M $158.7M $219.3M $235.2M
 
EBITDA -$86.7M -$150.9M -$61M -$55.4M -$16.7M
EBIT -$89.2M -$153.7M -$62.1M -$56.6M -$18.8M
 
Revenue (Reported) $7.6M $10.1M $52.2M $124.5M $333.6M
Operating Income (Reported) -$90.8M -$154.3M -$63.8M -$63.3M -$28M
Operating Income (Adjusted) -$89.2M -$153.7M -$62.1M -$56.6M -$18.8M
Period Ending 2021-03-31 2022-03-31 2023-03-31 2024-03-31 2025-03-31
Revenue $6.6M $468K $11.4M $46M $74.1M
Revenue Growth (YoY) 442.62% -92.89% 2329.27% 304.81% 61.04%
 
Cost of Revenues $1M $85K $1.5M $7.1M $12.3M
Gross Profit $5.6M $383K $9.8M $38.9M $61.8M
Gross Profit Margin 84.81% 81.84% 86.48% 84.51% 83.4%
 
R&D Expenses $20.5M $8.9M $9.1M $10.6M $14.9M
Selling, General & Admin $17.1M $19.3M $26.8M $53M $83.2M
Other Inc / (Exp) -$49K $484K $1.3M $2.3M $2.3M
Operating Expenses $37.6M $28.2M $35.9M $63.6M $98.2M
Operating Income -$32M -$27.8M -$26.1M -$24.7M -$36.3M
 
Net Interest Expenses $1.1M $746K $2M $4.1M $6.3M
EBT. Incl. Unusual Items -$33.2M -$28.1M -$26.8M -$26.4M -$40.3M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $1K $2K $14K $121K $859K
Net Income to Company -$33.2M -$28.1M -$26.8M -$26.5M -$41.1M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$33.2M -$28.1M -$26.8M -$26.5M -$41.1M
 
Basic EPS (Cont. Ops) -$0.34 -$0.21 -$0.13 -$0.11 -$0.17
Diluted EPS (Cont. Ops) -$0.34 -$0.21 -$0.13 -$0.11 -$0.17
Weighted Average Basic Share $97.2M $130.9M $207M $233.1M $238.6M
Weighted Average Diluted Share $97.2M $130.9M $207M $233.1M $238.6M
 
EBITDA -$31.6M -$26.9M -$24.8M -$21.9M -$33.4M
EBIT -$32.1M -$27.3M -$24.8M -$22.3M -$34M
 
Revenue (Reported) $6.6M $468K $11.4M $46M $74.1M
Operating Income (Reported) -$32M -$27.8M -$26.1M -$24.7M -$36.3M
Operating Income (Adjusted) -$32.1M -$27.3M -$24.8M -$22.3M -$34M
Period Ending 2021-03-31 2022-03-31 2023-03-31 2024-03-31 2025-03-31
Revenue $12.9M $4M $63.1M $159.1M $361.7M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- $5.6M $23.4M $55.7M
Gross Profit $11.8M $3.9M $57.5M $135.7M $306M
Gross Profit Margin -- -- -- -- --
 
R&D Expenses $69.7M $79.5M $35.4M $37M $56.7M
Selling, General & Admin $43.1M $74.5M $84.1M $160.6M $288.9M
Other Inc / (Exp) $766K $1.2M $2.5M $7.7M $9.2M
Operating Expenses $112.8M $154M $119.5M $197.6M $345.6M
Operating Income -$101M -$150.1M -$62M -$61.9M -$39.6M
 
Net Interest Expenses $4.8M $4.1M $6.3M $10.9M $22.3M
EBT. Incl. Unusual Items -$105.1M -$153.1M -$65.9M -$65.2M -$52.8M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $3K $5K $20K $654K $1M
Net Income to Company -$105.1M -$153.1M -$65.9M -$65.8M -$53.8M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$105.1M -$153.1M -$65.9M -$65.8M -$53.8M
 
Basic EPS (Cont. Ops) -$1.14 -$1.39 -$0.40 -$0.29 -$0.22
Diluted EPS (Cont. Ops) -$1.14 -$1.39 -$0.40 -$0.29 -$0.22
Weighted Average Basic Share
Weighted Average Diluted Share
 
EBITDA -$97.8M -$146.1M -$58.9M -$52.5M -$28.2M
EBIT -$100.3M -$148.9M -$59.6M -$54.2M -$30.5M
 
Revenue (Reported) $12.9M $4M $63.1M $159.1M $361.7M
Operating Income (Reported) -$101M -$150.1M -$62M -$61.9M -$39.6M
Operating Income (Adjusted) -$100.3M -$148.9M -$59.6M -$54.2M -$30.5M
Period Ending 2021-03-31 2022-03-31 2023-03-31 2024-03-31 2025-03-31
Revenue $6.6M $468K $11.4M $46M $74.1M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues $1M $85K $1.5M $7.1M $12.3M
Gross Profit $5.6M $383K $9.8M $38.9M $61.8M
Gross Profit Margin -- -- -- -- --
 
R&D Expenses $20.5M $8.9M $9.1M $10.6M $14.9M
Selling, General & Admin $17.1M $19.3M $26.8M $53M $83.2M
Other Inc / (Exp) -$49K $484K $1.3M $2.3M $2.3M
Operating Expenses $37.6M $28.2M $35.9M $63.6M $98.2M
Operating Income -$32M -$27.8M -$26.1M -$24.7M -$36.3M
 
Net Interest Expenses $1.1M $746K $2M $4.1M $6.3M
EBT. Incl. Unusual Items -$33.2M -$28.1M -$26.8M -$26.4M -$40.3M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $1K $2K $14K $121K $859K
Net Income to Company -$33.2M -$28.1M -$26.8M -$26.5M -$41.1M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$33.2M -$28.1M -$26.8M -$26.5M -$41.1M
 
Basic EPS (Cont. Ops) -$0.34 -$0.21 -$0.13 -$0.11 -$0.17
Diluted EPS (Cont. Ops) -$0.34 -$0.21 -$0.13 -$0.11 -$0.17
Weighted Average Basic Share $97.2M $130.9M $207M $233.1M $238.6M
Weighted Average Diluted Share $97.2M $130.9M $207M $233.1M $238.6M
 
EBITDA -$31.6M -$26.9M -$24.8M -$21.9M -$33.4M
EBIT -$32.1M -$27.3M -$24.8M -$22.3M -$34M
 
Revenue (Reported) $6.6M $468K $11.4M $46M $74.1M
Operating Income (Reported) -$32M -$27.8M -$26.1M -$24.7M -$36.3M
Operating Income (Adjusted) -$32.1M -$27.3M -$24.8M -$22.3M -$34M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Cash and Equivalents $91M $72.4M $96.1M $21.5M $64.9M
Short Term Investments $95.5M $44.3M $27.8M $162.8M $185.2M
Accounts Receivable, Net -- $502K $7.7M $22M $57.7M
Inventory -- -- $3.3M $12.4M $21.2M
Prepaid Expenses -- $9.4M $13.6M $18.9M $16.4M
Other Current Assets $8.2M $7.1M $5.1M $8.4M $11.1M
Total Current Assets $194.7M $133.6M $153.6M $246.1M $356.5M
 
Property Plant And Equipment $4.2M $15.1M $10.5M $6.6M $3.9M
Long-Term Investments $2.1M -- -- -- --
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets $552K $1.2M $25.9M $40.6M $75.4M
Total Assets $201.6M $149.9M $190.1M $297.6M $435.8M
 
Accounts Payable $5.6M $4.3M $10.9M $11.1M $16M
Accrued Expenses $5M $6.2M $9.8M $10.2M $25.9M
Current Portion Of Long-Term Debt $4.2M $32.3M $26.7M -- --
Current Portion Of Capital Lease Obligations $2.1M $3.5M $3.9M $4.4M $1.6M
Other Current Liabilities $1.7M $1.2M $2.5M $4.9M $8.8M
Total Current Liabilities $28.4M $52.8M $65.6M $50.4M $77.8M
 
Long-Term Debt $46.6M -- -- $49.8M $150.9M
Capital Leases -- -- -- -- --
Total Liabilities $75.5M $67.3M $91.7M $130.8M $262.5M
 
Common Stock $9K $13K $20K $23K $24K
Other Common Equity Adj -$4K -$6K -$54K $224K $57K
Common Equity $126.1M $82.6M $98.3M $166.8M $173.3M
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $126.1M $82.6M $98.3M $166.8M $173.3M
 
Total Liabilities and Equity $201.6M $149.9M $190.1M $297.6M $435.8M
Cash and Short Terms $186.5M $116.7M $123.9M $184.3M $250.1M
Total Debt $50.8M $32.3M $26.7M $49.8M $150.9M
Period Ending 2021-03-31 2022-03-31 2023-03-31 2024-03-31 2025-03-31
Cash and Equivalents $84.1M $47.1M $92.5M $36.1M $30.8M
Short Term Investments $94.1M $42.6M $37.9M $166.4M $183.1M
Accounts Receivable, Net $5.8M $4.4M $12.1M $28.2M $46.5M
Inventory -- $3.5M $4.8M $9.8M $23.8M
Prepaid Expenses -- -- $13.8M $5.5M $13.8M
Other Current Assets $21.4M $16.6M $5.9M $11.9M $14.6M
Total Current Assets $205.4M $114.2M $167M $257.9M $312.7M
 
Property Plant And Equipment $4M $14M $9.1M $5.7M $5.3M
Long-Term Investments -- -- -- -- --
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets $958K $1.2M $40.9M $74.5M $88.9M
Total Assets $210.3M $129.4M $217M $342.4M $410.2M
 
Accounts Payable $5.4M $5M $10.5M $17.3M $13.7M
Accrued Expenses $11.3M $6.8M $11.1M $22M $42.7M
Current Portion Of Long-Term Debt $16.7M $26.1M $26.9M -- --
Current Portion Of Capital Lease Obligations $1.4M $3.6M $4M $4.3M $1.3M
Other Current Liabilities -- -- -- -- --
Total Current Liabilities $41.8M $47.8M $63.1M $56.9M $75.8M
 
Long-Term Debt $34.3M -- -- $99.8M $151.3M
Capital Leases -- -- -- -- --
Total Liabilities $79.5M $65.2M $91.6M $191.5M $264.5M
 
Common Stock $10K $14K $21K $23K $24K
Other Common Equity Adj -$7K -$88K -$20K -$20K $18K
Common Equity -- -- -- -- --
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $130.8M $64.2M $125.4M $150.9M $145.7M
 
Total Liabilities and Equity $210.3M $129.4M $217M $342.4M $410.2M
Cash and Short Terms $178.2M $89.7M $130.4M $202.6M $214M
Total Debt $51M $26.1M $26.9M $99.8M $151.3M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Net Income to Stockholders -$94.3M -$158.2M -$67.2M -$66.1M -$39.1M
Depreciation & Amoritzation $2.5M $2.8M $1.1M $1.3M $2.1M
Stock-Based Compensation $10.6M $12M $10.8M $13.5M $37.4M
Change in Accounts Receivable $750K -$502K -$7.2M -$14.3M -$35.7M
Change in Inventories -- -- -$28.3M -$21.1M -$41.7M
Cash From Operations -$81.4M -$152.6M -$70M -$89.7M -$44.8M
 
Capital Expenditures $324K $1.9M $55K $344K $1M
Cash Acquisitions -- -- -- -- --
Cash From Investing -$31.4M $50.9M $18.4M -$131.2M -$18.3M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued -- -- $27M $22.4M $99.5M
Long-Term Debt Repaid -$125K -$19.4M -$33M -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -$106K $9.6M $3.5M -$1M
Cash From Financing $22.8M $83M $75.3M $146.3M $106.6M
 
Beginning Cash (CF) $181.1M $91M $72.4M $96.1M $21.5M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$90.1M -$18.6M $23.7M -$74.7M $43.5M
Ending Cash (CF) $91M $72.4M $96.1M $21.5M $64.9M
 
Levered Free Cash Flow -$81.8M -$154.4M -$70.1M -$90.1M -$45.8M
Period Ending 2021-03-31 2022-03-31 2023-03-31 2024-03-31 2025-03-31
Net Income to Stockholders -$33.2M -$28.1M -$26.8M -$26.5M -$41.1M
Depreciation & Amoritzation $422K $463K -$3K $435K $602K
Stock-Based Compensation $3.1M $3.7M $2.9M $7.6M $12.1M
Change in Accounts Receivable -$5.8M -$3.9M -$4.4M -$6.1M $11.2M
Change in Inventories -- -$3.5M -$16.6M -$29.4M -$14.7M
Cash From Operations -$44.2M -$27.6M -$44.8M -$35.7M -$38.5M
 
Capital Expenditures $778K -- $14K $150K $325K
Cash Acquisitions -- -- -- -- --
Cash From Investing $2.5M $2.3M -$9.8M -$2.6M $2.9M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- $27M -- $49.8M --
Long-Term Debt Repaid -- -$33M -- -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -- -- -- --
Cash From Financing $34.8M -$63K $50.9M $53M $1.5M
 
Beginning Cash (CF) $91M $72.4M $96.1M $21.5M $64.9M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$7M -$25.4M -$3.7M $14.7M -$34.1M
Ending Cash (CF) $84.1M $47.1M $92.5M $36.1M $30.8M
 
Levered Free Cash Flow -$45M -$27.6M -$44.8M -$35.9M -$38.8M
Period Ending 2021-03-31 2022-03-31 2023-03-31 2024-03-31 2025-03-31
Net Income to Stockholders -$105.1M -$153.1M -$65.9M -$65.8M -$53.8M
Depreciation & Amoritzation $2.5M $2.8M $678K $1.7M $2.2M
Stock-Based Compensation $10.7M $12.7M $9.9M $18.2M $41.9M
Change in Accounts Receivable -- $1.4M -$7.7M -$16M -$18.3M
Change in Inventories -- -$3.5M -$41.5M -$33.9M -$27M
Cash From Operations -$100.7M -$136M -$87.2M -$80.6M -$47.5M
 
Capital Expenditures $1.1M $1.1M $14K $480K $1.2M
Cash Acquisitions -- -- -- -- --
Cash From Investing $21.9M $50.8M $6.3M -$124M -$12.9M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued -- $27M -- $72.1M $49.7M
Long-Term Debt Repaid -- -$52.5M -- -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -- -- -- --
Cash From Financing $57M $48.2M $126.3M $148.3M $55.1M
 
Beginning Cash (CF) -- -- -- -- --
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$21.8M -$37M $45.4M -$56.3M -$5.3M
Ending Cash (CF) -- -- -- -- --
 
Levered Free Cash Flow -$101.8M -$137M -$87.2M -$81.1M -$48.7M
Period Ending 2021-03-31 2022-03-31 2023-03-31 2024-03-31 2025-03-31
Net Income to Stockholders -$33.2M -$28.1M -$26.8M -$26.5M -$41.1M
Depreciation & Amoritzation $422K $463K -$3K $435K $602K
Stock-Based Compensation $3.1M $3.7M $2.9M $7.6M $12.1M
Change in Accounts Receivable -$5.8M -$3.9M -$4.4M -$6.1M $11.2M
Change in Inventories -- -$3.5M -$16.6M -$29.4M -$14.7M
Cash From Operations -$44.2M -$27.6M -$44.8M -$35.7M -$38.5M
 
Capital Expenditures $778K -- $14K $150K $325K
Cash Acquisitions -- -- -- -- --
Cash From Investing $2.5M $2.3M -$9.8M -$2.6M $2.9M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- $27M -- $49.8M --
Long-Term Debt Repaid -- -$33M -- -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -- -- -- --
Cash From Financing $34.8M -$63K $50.9M $53M $1.5M
 
Beginning Cash (CF) $91M $72.4M $96.1M $21.5M $64.9M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$7M -$25.4M -$3.7M $14.7M -$34.1M
Ending Cash (CF) $84.1M $47.1M $92.5M $36.1M $30.8M
 
Levered Free Cash Flow -$45M -$27.6M -$44.8M -$35.9M -$38.8M

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