ARROWHEAD PHARMACEUTICALS Reports 51.2% Decrease in Total Revenue for Third Quarter of FY 2023
August 11, 2023
🌥️Earnings Overview
For the third quarter of Fiscal Year 2023, ending June 30 2023, ARROWHEAD PHARMACEUTICALS ($NASDAQ:ARWR) reported total revenue of USD 15.8 million, a decrease of 51.2% from the same quarter in the prior year. Additionally, net income was reported as USD -103.0 million, a decline of -72.0 million year-on-year.
Analysis
GoodWhale has conducted an analysis of ARROWHEAD PHARMACEUTICALS‘ financials and, according to the Star Chart, the company is strong in asset, growth, and profitability, but weak in dividend. Based on these results, ARROWHEAD PHARMACEUTICALS is classified as a ‘rhino’, meaning it has achieved moderate revenue or earnings growth. With its intermediate health score of 6/10 with regard to its cashflows and debt, this company may be an attractive option for investors who want to invest in companies that can weather a crisis without the risk of bankruptcy. Investors who are looking for consistent growth or high returns may not find what they are looking for in ARROWHEAD PHARMACEUTICALS, but those who want steady and reliable returns may find this company to be a good choice. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Arrowhead Pharmaceuticals. More…
| Total Revenues | Net Income | Net Margin |
| 256.21 | -181.11 | -70.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Arrowhead Pharmaceuticals. More…
| Operations | Investing | Financing |
| -197.37 | -90.22 | 253.76 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Arrowhead Pharmaceuticals. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 795.86 | 413.87 | 3.41 |
Key Ratios Snapshot
Some of the financial key ratios for Arrowhead Pharmaceuticals are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.5% | – | -67.3% |
| FCF Margin | ROE | ROA |
| -133.8% | -26.6% | -13.5% |
Peers
It also has a large marketing and sales force that helps it to sell its products to customers.
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Summary
ARROWHEAD PHARMACEUTICALS reported their third quarter earnings results for the fiscal year 2023 with total revenue of USD 15.8 million, a decrease of 51.2% year-over-year. Net income reported was USD -103.0 million, a deterioration of -72.0 million from the same quarter last year. Investors should closely monitor ARROWHEAD PHARMACEUTICALS as it continues its financial recovery and business development. The company’s current financial performance and future outlook will be key factors to consider when making an investment decision.
However, investors should also keep an eye on the competitive landscape for pharmaceuticals products in order to identify any possible areas of growth and opportunity for ARROWHEAD PHARMACEUTICALS.
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