2024 Q1 Form 10-K Financial Statement

#000162828024006393 Filed on February 22, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $46.02M $34.36M $124.5M
YoY Change 304.81% -22.22% 138.61%
Cost Of Revenue $7.128M $5.077M $17.80M
YoY Change 363.76% 60.56% 332.23%
Gross Profit $38.90M $29.29M $106.7M
YoY Change 295.6% -28.6% 122.02%
Gross Profit Margin 84.51% 85.23% 85.7%
Selling, General & Admin $52.99M $47.75M $134.4M
YoY Change 97.72% 141.99% 75.46%
% of Gross Profit 136.25% 163.04% 126.01%
Research & Development $10.58M $9.524M $35.54M
YoY Change 16.34% 4.18% 0.95%
% of Gross Profit 27.2% 32.52% 33.32%
Depreciation & Amortization $435.0K $362.0K $1.292M
YoY Change -14600.0% 232.11% 12.94%
% of Gross Profit 1.12% 1.24% 1.21%
Operating Expenses $63.57M $57.27M $169.9M
YoY Change 77.1% 98.36% 382.76%
Operating Profit -$24.68M -$27.99M -$63.28M
YoY Change -5.32% -330.47% -0.76%
Interest Expense $2.356M -$1.740M $4.950M
YoY Change 129.18% 75.58% 45.59%
% of Operating Profit
Other Income/Expense, Net $2.339M $1.257M $6.630M
YoY Change 79.65% -375.05% 306.0%
Pretax Income -$26.40M -$28.47M -$65.52M
YoY Change -1.35% -366.19% -2.5%
Income Tax $121.0K $333.0K $547.0K
% Of Pretax Income
Net Earnings -$26.52M -$28.80M -$66.07M
YoY Change -0.95% -369.3% -1.7%
Net Earnings / Revenue -57.62% -83.82% -53.08%
Basic Earnings Per Share -$0.11 -$0.30
Diluted Earnings Per Share -$0.11 -$0.12 -$0.30
COMMON SHARES
Basic Shares Outstanding 232.7M shares 232.1M shares 219.3M shares
Diluted Shares Outstanding 233.1M shares 219.3M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $202.6M $184.3M $184.3M
YoY Change 55.38% 48.74% 48.74%
Cash & Equivalents $36.15M $21.47M $18.64M
Short-Term Investments $166.4M $162.8M $162.8M
Other Short-Term Assets $17.39M $27.33M $27.33M
YoY Change -11.88% 46.33% 46.33%
Inventory $78.86M $49.49M $12.45M
Prepaid Expenses
Receivables $28.16M $22.03M $22.03M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $257.9M $246.1M $246.1M
YoY Change 54.41% 60.23% 60.23%
LONG-TERM ASSETS
Property, Plant & Equipment $1.019M $1.009M $6.598M
YoY Change -7.53% -17.5% -37.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.503M $3.596M $44.87M
YoY Change 610.98% 308.17% 72.94%
Total Long-Term Assets $84.44M $51.47M $51.47M
YoY Change 68.98% 41.15% 41.15%
TOTAL ASSETS
Total Short-Term Assets $257.9M $246.1M $246.1M
Total Long-Term Assets $84.44M $51.47M $51.47M
Total Assets $342.4M $297.6M $297.6M
YoY Change 57.77% 56.57% 56.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.28M $11.14M $11.14M
YoY Change 64.34% 2.57% 2.57%
Accrued Expenses $33.03M $30.03M $30.03M
YoY Change 64.13% 41.12% 41.12%
Deferred Revenue $6.586M $7.182M
YoY Change 18.77% 70.55%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $56.90M $50.39M $50.39M
YoY Change -9.78% -23.18% -23.18%
LONG-TERM LIABILITIES
Long-Term Debt $99.83M $49.82M $49.82M
YoY Change
Other Long-Term Liabilities $34.76M $30.55M $30.55M
YoY Change 21.82% 16.89% 16.89%
Total Long-Term Liabilities $134.6M $80.37M $80.37M
YoY Change 371.69% 207.53% 207.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $56.90M $50.39M $50.39M
Total Long-Term Liabilities $134.6M $80.37M $80.37M
Total Liabilities $191.5M $130.8M $130.8M
YoY Change 109.06% 42.54% 42.54%
SHAREHOLDERS EQUITY
Retained Earnings -$872.7M -$846.2M
YoY Change 8.15% 8.47%
Common Stock $1.024B $1.013B
YoY Change 9.79% 15.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $150.9M $166.8M $166.8M
YoY Change
Total Liabilities & Shareholders Equity $342.4M $297.6M $297.6M
YoY Change 57.77% 56.57% 56.57%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$26.52M -$28.80M -$66.07M
YoY Change -0.95% -369.3% -1.7%
Depreciation, Depletion And Amortization $435.0K $362.0K $1.292M
YoY Change -14600.0% 232.11% 12.94%
Cash From Operating Activities -$35.72M -$8.717M -$89.72M
YoY Change -20.25% -161.03% 28.09%
INVESTING ACTIVITIES
Capital Expenditures $150.0K $44.00K $344.0K
YoY Change 971.43% -20.0% 525.45%
Acquisitions
YoY Change
Other Investing Activities -$2.422M -$29.52M -$130.9M
YoY Change -75.19% -2073.53% -808.74%
Cash From Investing Activities -$2.572M -$29.57M -$131.2M
YoY Change -73.69% -2151.91% -812.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $119.2M
YoY Change 66.47%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $52.97M 25.98M $146.3M
YoY Change 4.03% 38.31% 94.18%
NET CHANGE
Cash From Operating Activities -$35.72M -8.717M -$89.72M
Cash From Investing Activities -$2.572M -29.57M -$131.2M
Cash From Financing Activities $52.97M 25.98M $146.3M
Net Change In Cash $14.68M -12.30M -$74.67M
YoY Change -501.78% -135.64% -414.9%
FREE CASH FLOW
Cash From Operating Activities -$35.72M -$8.717M -$89.72M
Capital Expenditures $150.0K $44.00K $344.0K
Free Cash Flow -$35.87M -$8.761M -$90.06M
YoY Change -19.94% -161.57% 28.48%

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CY2022Q4 us-gaap Stockholders Equity
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CY2023 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2023 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
13530000 usd
CY2023 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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278000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q4 us-gaap Stockholders Equity
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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1292000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1144000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2807000 usd
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
3624000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
3457000 usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
3085000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
13530000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
10750000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
12039000 usd
CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
4220000 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1962000 usd
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
283000 usd
CY2023 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
1260000 usd
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 usd
CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2930000 usd
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
678000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14298000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7231000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
502000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
21141000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
28346000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
0 usd
CY2023 ardx Increase Decrease In Prepaid Commercial Manufacturing Expense
IncreaseDecreaseInPrepaidCommercialManufacturingExpense
9593000 usd
CY2022 ardx Increase Decrease In Prepaid Commercial Manufacturing Expense
IncreaseDecreaseInPrepaidCommercialManufacturingExpense
4161000 usd
CY2021 ardx Increase Decrease In Prepaid Commercial Manufacturing Expense
IncreaseDecreaseInPrepaidCommercialManufacturingExpense
9406000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6035000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
279000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6582000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2023 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
5049000 usd
CY2022 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
2126000 usd
CY2021 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-250000 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-3928000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-3491000 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2853000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3691000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
4138000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1386000 usd
CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
2590000 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
8509000 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
550000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2023 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
84321000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
67000000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
125550000 usd
CY2023 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
215225000 usd
CY2022 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
50328000 usd
CY2021 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
72735000 usd
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1798000 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
344000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
55000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1867000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-131248000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
18415000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
50948000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
119236000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
71625000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
101146000 usd
CY2023 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
22386000 usd
CY2022 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
26971000 usd
CY2021 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
CY2023 ardx Proceeds From Sale Of Future Royalties Net Of Issuance Costs
ProceedsFromSaleOfFutureRoyaltiesNetOfIssuanceCosts
5000000 usd
CY2022 ardx Proceeds From Sale Of Future Royalties Net Of Issuance Costs
ProceedsFromSaleOfFutureRoyaltiesNetOfIssuanceCosts
9581000 usd
CY2021 ardx Proceeds From Sale Of Future Royalties Net Of Issuance Costs
ProceedsFromSaleOfFutureRoyaltiesNetOfIssuanceCosts
0 usd
CY2023 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1173000 usd
CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
202000 usd
CY2023 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
1500000 usd
CY2022 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
0 usd
CY2021 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
0 usd
CY2023 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 usd
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
33038000 usd
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
19444000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
106000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
146295000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
82999000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
23712000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-18604000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
91032000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21470000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96140000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72428000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
4240000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
2901000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
3469000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
51000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
339000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1604000 usd
CY2023 us-gaap Stock Issued1
StockIssued1
337000 usd
CY2022 us-gaap Stock Issued1
StockIssued1
390000 usd
CY2021 us-gaap Stock Issued1
StockIssued1
190000 usd
CY2023 ardx Derivative Issued
DerivativeIssued
0 usd
CY2022 ardx Derivative Issued
DerivativeIssued
375000 usd
CY2021 ardx Derivative Issued
DerivativeIssued
0 usd
CY2023 us-gaap Number Of Operating Segments
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1 segment
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
21470000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
162605000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
280000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
56000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
162829000 usd
CY2023Q4 ardx Investments And Cash Amortized Cost
InvestmentsAndCashAmortizedCost
184075000 usd
CY2023Q4 ardx Cash Cash Equivalents And Investments Gross Unrealized Gains
CashCashEquivalentsAndInvestmentsGrossUnrealizedGains
280000 usd
CY2023Q4 ardx Cash Cash Equivalents And Investments Gross Unrealized Losses
CashCashEquivalentsAndInvestmentsGrossUnrealizedLosses
56000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect the amounts reported in the financial statements and accompanying notes thereto. On an ongoing basis, management evaluates its estimates, including those related to recognition of revenue, clinical trial accruals, contract manufacturing accruals, expected demand for inventory, fair value of assets and liabilities, income taxes and stock-based compensation. Management bases its estimates on historical experience and on various other market-specific and relevant assumptions that management believes to be reasonable under the circumstances. Actual results could materially differ from those estimates.</span></div>
CY2023Q4 us-gaap Investments And Cash
InvestmentsAndCash
184300000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-846200000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject us to significant concentrations of credit risk consist primarily of cash, cash equivalents, short-term investments and accounts receivable. We are exposed to credit risks in the event of default by the counterparties to the extent of the amount recorded in our balance sheet. Cash, cash equivalents and short-term investments are invested through banks and other financial institutions in the U.S.</span></div>
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
21470000 usd
CY2023 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Derivatives and Hedging Activities</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We account for our derivative instruments as either assets or liabilities on the balance sheet and measure them at fair value. Derivatives are adjusted to fair value through other income (expense), net in the statements of operations and comprehensive loss.</span></div>
CY2023Q4 us-gaap Investments And Cash
InvestmentsAndCash
184299000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96140000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96140000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
27823000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
6000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
60000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
27769000 usd
CY2022Q4 ardx Investments And Cash Amortized Cost
InvestmentsAndCashAmortizedCost
123963000 usd
CY2022Q4 ardx Cash Cash Equivalents And Investments Gross Unrealized Gains
CashCashEquivalentsAndInvestmentsGrossUnrealizedGains
6000 usd
CY2022Q4 ardx Cash Cash Equivalents And Investments Gross Unrealized Losses
CashCashEquivalentsAndInvestmentsGrossUnrealizedLosses
60000 usd
CY2022Q4 us-gaap Investments And Cash
InvestmentsAndCash
123909000 usd
CY2023 ardx Available For Sale Securities Debt Securities Current Contractual Maturities Maximum
AvailableForSaleSecuritiesDebtSecuritiesCurrentContractualMaturitiesMaximum
P1Y
CY2022 ardx Available For Sale Securities Debt Securities Current Contractual Maturities Maximum
AvailableForSaleSecuritiesDebtSecuritiesCurrentContractualMaturitiesMaximum
P1Y
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
0 investment
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
0 investment
CY2023Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2023Q4 us-gaap Inventory Raw Materials
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22920000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
22299000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
24582000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
5324000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1985000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
723000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
49487000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
28346000 usd
CY2023Q4 us-gaap Inventory Gross
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12448000 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
3282000 usd
CY2023Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
37039000 usd
CY2022Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
25064000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
49487000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
28346000 usd
CY2023Q4 ardx Prepaid Commercial Manufacturing
PrepaidCommercialManufacturing
23200000 usd
CY2022Q4 ardx Prepaid Commercial Manufacturing
PrepaidCommercialManufacturing
13600000 usd
CY2023Q4 ardx Prepaid Commercial Manufacturing Non Current
PrepaidCommercialManufacturingNonCurrent
4200000 usd
CY2022Q4 ardx Prepaid Commercial Manufacturing Non Current
PrepaidCommercialManufacturingNonCurrent
0 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
124456000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
52158000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10097000 usd
CY2021Q4 ardx Contract With Customer Gross To Net Sales Accruals
ContractWithCustomerGrossToNetSalesAccruals
0 usd
CY2022 ardx Contract With Customer Gross To Net Sales Provisions
ContractWithCustomerGrossToNetSalesProvisions
6048000 usd
CY2022 ardx Contract With Customer Gross To Credits Or Deductions Issued
ContractWithCustomerGrossToCreditsOrDeductionsIssued
-3204000 usd
CY2022Q4 ardx Contract With Customer Gross To Net Sales Accruals
ContractWithCustomerGrossToNetSalesAccruals
2844000 usd
CY2023 ardx Contract With Customer Gross To Net Sales Provisions
ContractWithCustomerGrossToNetSalesProvisions
31335000 usd
CY2023 ardx Contract With Customer Gross To Credits Or Deductions Issued
ContractWithCustomerGrossToCreditsOrDeductionsIssued
-25551000 usd
CY2023Q4 ardx Contract With Customer Gross To Net Sales Accruals
ContractWithCustomerGrossToNetSalesAccruals
8628000 usd
CY2023 us-gaap Amortization Of Advance Royalty
AmortizationOfAdvanceRoyalty
3900000 usd
CY2022 us-gaap Amortization Of Advance Royalty
AmortizationOfAdvanceRoyalty
1700000 usd
CY2023 us-gaap Proceeds From Royalties Received
ProceedsFromRoyaltiesReceived
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
52475000 usd
CY2023Q4 ardx Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
0 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
52475000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
912000 usd
CY2023Q4 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
1741000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
49822000 usd
CY2023Q4 us-gaap Loans Payable Current
LoansPayableCurrent
0 usd
CY2023Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
49822000 usd
CY2023 ardx Number Of Operating Lease Arrangements
NumberOfOperatingLeaseArrangements
3 lease_agreement
CY2023 us-gaap Sublease Income
SubleaseIncome
800000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5589000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9295000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4435000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3894000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1725000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5855000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
6160000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
9749000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y7M6D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y4M24D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.068
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.068
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
3857000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
4257000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
3671000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
4481000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
4292000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
3438000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4715000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1450000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
329000 usd
CY2023Q4 ardx Lessee Operating Lease Liability To Be Paid After Year Three
LesseeOperatingLeaseLiabilityToBePaidAfterYearThree
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6494000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
334000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
6160000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4435000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1725000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
13963000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.83
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
8914000 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.14
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
226000 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.61
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
483000 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
3.83
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
22168000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.20
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y3M18D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
58606000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
22168000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
4.20
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y3M18D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
58606000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
12199000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.30
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y1M6D
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
25116000 usd
CY2023Q4 us-gaap Share Price
SharePrice
6.20
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1100000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
30000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1700000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.36
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.63
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.92
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13530000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10750000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12039000 usd
CY2021 us-gaap Restructuring Charges
RestructuringCharges
6200000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11210000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10880000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10201000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9657000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1009000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1223000 usd
CY2023 us-gaap Depreciation
Depreciation
600000 usd
CY2022 us-gaap Depreciation
Depreciation
700000 usd
CY2021 us-gaap Depreciation
Depreciation
1400000 usd
CY2022 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
500000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1800000 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1300000 usd
CY2023Q4 ardx Accrued Payments Due To Third Party
AccruedPaymentsDueToThirdParty
3680000 usd
CY2022Q4 ardx Accrued Payments Due To Third Party
AccruedPaymentsDueToThirdParty
3385000 usd
CY2023Q4 ardx Accrued Gross To Net Revenue Liabilities
AccruedGrossToNetRevenueLiabilities
3258000 usd
CY2022Q4 ardx Accrued Gross To Net Revenue Liabilities
AccruedGrossToNetRevenueLiabilities
1991000 usd
CY2023Q4 ardx Accrued Contract Manufacturing Costs
AccruedContractManufacturingCosts
1946000 usd
CY2022Q4 ardx Accrued Contract Manufacturing Costs
AccruedContractManufacturingCosts
1657000 usd
CY2023Q4 ardx Accrued Sales And Marketing Expenses
AccruedSalesAndMarketingExpenses
3223000 usd
CY2022Q4 ardx Accrued Sales And Marketing Expenses
AccruedSalesAndMarketingExpenses
587000 usd
CY2023Q4 ardx Accrued Professional And Consultant Fees Current
AccruedProfessionalAndConsultantFeesCurrent
486000 usd
CY2022Q4 ardx Accrued Professional And Consultant Fees Current
AccruedProfessionalAndConsultantFeesCurrent
808000 usd
CY2023Q4 ardx Derivative Liability For Exit Fees
DerivativeLiabilityForExitFees
675000 usd
CY2022Q4 ardx Derivative Liability For Exit Fees
DerivativeLiabilityForExitFees
1656000 usd
CY2023Q4 ardx Accrued Clinical Expenses
AccruedClinicalExpenses
377000 usd
CY2022Q4 ardx Accrued Clinical Expenses
AccruedClinicalExpenses
223000 usd
CY2023Q4 ardx Accrued Non Clinical Research And Development Expenses
AccruedNonClinicalResearchAndDevelopmentExpenses
30000 usd
CY2022Q4 ardx Accrued Non Clinical Research And Development Expenses
AccruedNonClinicalResearchAndDevelopmentExpenses
1188000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1366000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
885000 usd
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
15041000 usd
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
12380000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
47000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
8000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
500000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
547000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
14411000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
547000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.034
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.019
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.004
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.017
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.015
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.010
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.001
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.023
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.013
CY2023 ardx Effective Income Tax Rate Reconciliation Foreign Withholding Tax Percent
EffectiveIncomeTaxRateReconciliationForeignWithholdingTaxPercent
-0.008
CY2022 ardx Effective Income Tax Rate Reconciliation Foreign Withholding Tax Percent
EffectiveIncomeTaxRateReconciliationForeignWithholdingTaxPercent
0
CY2021 ardx Effective Income Tax Rate Reconciliation Foreign Withholding Tax Percent
EffectiveIncomeTaxRateReconciliationForeignWithholdingTaxPercent
0
CY2023 ardx Effective Income Tax Rate Reconciliation Tax Expense Benefit Executive Compensation Disallowed Irc Sec162m Percent
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitExecutiveCompensationDisallowedIRCSec162mPercent
-0.019
CY2022 ardx Effective Income Tax Rate Reconciliation Tax Expense Benefit Executive Compensation Disallowed Irc Sec162m Percent
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitExecutiveCompensationDisallowedIRCSec162mPercent
-0.016
CY2021 ardx Effective Income Tax Rate Reconciliation Tax Expense Benefit Executive Compensation Disallowed Irc Sec162m Percent
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitExecutiveCompensationDisallowedIRCSec162mPercent
-0.011
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.008
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.243
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.197
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.200
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.008
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2023Q4 ardx Deferred Tax Assets Amortization And Depreciation
DeferredTaxAssetsAmortizationAndDepreciation
64919000 usd
CY2022Q4 ardx Deferred Tax Assets Amortization And Depreciation
DeferredTaxAssetsAmortizationAndDepreciation
64111000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
98702000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
86547000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
15375000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
6946000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
5244000 usd
CY2023Q4 ardx Deferred Tax Assets Royalty Obligation
DeferredTaxAssetsRoyaltyObligation
4907000 usd
CY2022Q4 ardx Deferred Tax Assets Royalty Obligation
DeferredTaxAssetsRoyaltyObligation
2577000 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
6707000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
4909000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
197556000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
177799000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
196197000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
175670000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1359000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2129000 usd
CY2023Q4 ardx Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
1359000 usd
CY2022Q4 ardx Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
2129000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
0 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
0 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
20500000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
24075000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
24426000 usd
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
23624000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
262000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
460000 usd
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1613000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
99000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 usd
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 usd
CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
811000 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
811000 usd
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
811000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
23625000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
24075000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
24426000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
124456000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
52158000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10097000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-66067000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-67207000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-158165000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
219331000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
219331000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
158690000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
158690000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104206000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104206000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.30
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.30
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.42
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.42
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.52
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.52
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
24212000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
16382000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13680000 shares
CY2023 ardx Potential Common Shares Anti Dilutive Effect On Securities
PotentialCommonSharesAntiDilutiveEffectOnSecurities
6300000 shares
CY2022 ardx Potential Common Shares Anti Dilutive Effect On Securities
PotentialCommonSharesAntiDilutiveEffectOnSecurities
600000 shares
CY2021 ardx Potential Common Shares Anti Dilutive Effect On Securities
PotentialCommonSharesAntiDilutiveEffectOnSecurities
1100000 shares
CY2023Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 usd
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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