Ironwood Pharma (IRWD) Tops Q4 EPS by 6c, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus

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Go back to Ironwood Pharma (IRWD) Tops Q4 EPS by 6c, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus

Ironwood Pharmaceuticals Reports Strong Fourth Quarter and Full Year 2019 Results, Exceeding Full Year 2019 Guidance; Provides Full Year 2020 Guidance

February 13, 2020 7:00 AM EST

2019 revenue of $428 million, driven primarily by U.S. LINZESS® (linaclotide) collaboration revenue

GAAP net income from continuing operations of $59 million and adjusted EBITDA from continuing operations of $148 million for the full year 2019

2020 total revenue and adjusted EBITDA guidance incorporates previously amended agreements with Astellas and AstraZeneca

Data readouts from MD-7246 Phase II trial and IW-3718 Phase III trials expected in 2020

BOSTON--(BUSINESS... More