ARS Pharmaceuticals, Inc.

Description

ARS Pharmaceuticals, Inc., a biopharmaceutical company, develops treatments for severe allergic reactions. The company is developing neffy, a needle-free and low-dose intranasal epinephrine nasal spray for the emergency treatment of Type I allergic reactions, including anaphylaxis. It serves healthcare professionals, patients, and caregivers. ARS Pharmaceuticals, Inc. was founded in 2015 and is headquartered in San Diego, California.

About

CEO
Mr. Richard Lowenthal M.B.A., M.S., MSMSEL
Employees
24
Instrument type
Common Stock
Sector
Healthcare
Industry
Biotechnology
MIC code
XNMS
Address
11682 El Camino Real, San Diego, CA 92130, United States
Phone
858 771 9307
Website
Chart Image
× Enlarged Chart
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Summary
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Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Nov 11, 2025
Aug 4, 2025
May 7, 2025
Mar 19, 2025
Nov 13, 2024 -0.15 -0.20 -0.05 33.33%

Earnings estimate

Next Quarter
(Mar 2025)
Next Year
(Dec 2025)
Number of analysts 2 3
Average estimate -0.19 -0.35
Low estimate -0.25 -1.20
High estimate -0.12 0.60
Last year EPS -0.11 -0.55
[stock_revenue_estimate]

Growth estimates

Current qtr
-52.390%
Next qtr. (Mar 2025)
-68.180%
Current year
4.090%
Next year (Dec 2025)
36.590%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Jan 14, 2025
Raymond James
Ryan Deschner
Maintains Strong Buy ▲ Raises $26 → $28
Jan 13, 2025
Leerink Partners
Roanna Ruiz
Maintains Outperform ▲ Raises $26 → $27
Oct 8, 2024
Cantor Fitzgerald
Josh Schimmer
Reiterates Overweight Maintains $30
Sep 20, 2024
Leerink Partners
Roanna Ruiz
Maintains Outperform ▲ Raises $21 → $25
Sep 16, 2024
Cantor Fitzgerald
Josh Schimmer
Reiterates Overweight Maintains $30
Sep 9, 2024
Cantor Fitzgerald
Josh Schimmer
Reiterates Overweight Maintains $30
Aug 20, 2024
Cantor Fitzgerald
Josh Schimmer
Initiates Overweight Announces $30
Aug 13, 2024
Raymond James
Ryan Deschner
Upgrade Strong Buy ▲ Raises $18 → $22
Jul 25, 2024
Raymond James
Ryan Deschner
Initiates Outperform Announces $18
Mar 11, 2024
Wedbush
Andreas Argyrides
Reiterates Outperform Maintains $19
Mar 5, 2024
Leerink Partners
Roanna Ruiz
Upgrade Outperform ▲ Raises $6 → $18
Nov 13, 2023
Wedbush
Andreas Argyrides
Maintains Outperform ▲ Raises $5 → $13
Sep 21, 2023
Wedbush
Andreas Argyrides
Maintains Outperform ▼ Lowers $15 → $5
Sep 20, 2023
William Blair
Tim Lugo
Downgrade Market Perform
Aug 14, 2023
Wedbush
Reiterates Outperform
Jun 21, 2023
Wedbush
Andreas Argyrides
Maintains Outperform ▼ Lowers $17 → $15
May 18, 2023
Wedbush
Andreas Argyrides
Reiterates Outperform Maintains $17
May 12, 2023
Wedbush
Andreas Argyrides
Reiterates Outperform Maintains $17
May 10, 2023
Wedbush
Andreas Argyrides
Reiterates Outperform Maintains $17
Jan 31, 2023
Wedbush
Andreas Argyrides
Initiates Outperform Announces $10
Jan 4, 2023
William Blair
Tim Lugo
Initiates Outperform
Dec 13, 2022
SVB Leerink
Roanna Ruiz
Initiates Outperform Announces $14
Nov 10, 2022
Jefferies
Downgrade Hold
Nov 4, 2022
HC Wainwright & Co.
Maintains Buy
Sep 8, 2022
Stifel
Maintains Buy
Sep 7, 2022
Baird
Maintains Outperform
Sep 7, 2022
Guggenheim
Maintains Buy
Sep 6, 2022
B. Riley Securities
Downgrade Sell
Aug 29, 2022
B. Riley Securities
Initiates Neutral
Aug 2, 2022
UBS
Initiates Buy

Income statement

2023 2022 2021 2020
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total reported revenue 30,000 1.32M 5.51M 17.84M
Cost of revenue
Gross profit
Operating expense
Research & development 20.27M 18.38M 20.27M 14.07M
Selling general and admin 47.28M 18.46M 4.69M 4.23M
Other operating expenses
Operating income -67.52M -35.52M -19.45M -469,000
Non operating interest income
Income
Expense
Other income expense 13.16M 834,000 -789,000 -596,000
Pretax income -54.37M -34.68M -20.24M -1.07M
Tax provision
Net income -54.37M -34.68M -20.24M -1.07M
Basic EPS -0.57 -0.87 -0.22 -0.01
Diluted EPS -0.57 -0.87 -0.22 -0.01
Basic average shares 95.22M 39.96M 93.77M 93.77M
Diluted average shares 95.22M 39.96M 93.77M 93.77M
EBITDA -67.52M -35.06M -19.24M -463,000
Net income from continuing op. -54.37M -34.68M -20.24M -1.07M
Minority interests
Preferred stock dividends

Balance sheet

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 233.19M 281.44M 61.45M 26.41M 130.19M
Current assets
Cash
Cash equivalents
Cash and cash equivalents 70.97M 210.52M 60.06M 24.52M 125.70M
Other short term investments 157.39M 63.86M
Accounts receivable 380,000
Other receivables 109,000 213,000 1,000 4,000
Inventory
Prepaid assets 2.41M 2.31M 666,000 1.48M 2.04M
Restricted cash
Assets held for sale
Hedging assets
Other current assets 163,000
Non current assets
Properties 945,000 822,000 707,000 31,000 496,000
Land and improvements
Machinery furniture equipment 980,000
Construction in progress
Leases
Accumulated depreciation -121,000 -48,000 -14,000 -8,000 -807,000
Goodwill 617,000
Investment properties
Financial assets
Intangible assets 617,000
Investments and advances
Other non current assets 2.96M 23,000 2,000 894,000
Total liabilities 2.43M 8.55M 92.72M 40.46M 6.12M
Current liabilities
Accounts payable 759,000 1.66M 1.79M 1.22M 5.63M
Accrued expenses 921,000 1.65M 639,000 840,000 6.86M
Short term debt 237,000 230,000 3.62M 2.56M 495,000
Deferred revenue 283,000 1.46M 3.52M
Tax payable 4,000 174,000
Pensions 315,000 447,000 660,000
Other current liabilities
Non current liabilities
Long term debt 37,000 251,000 5.41M 7.46M
Provision for risks and charges
Deferred liabilities
Derivative product liabilities 83,000 87,000
Other non current liabilities 27,000
Shareholders equity
Common stock 10,000 9,000 3,000 223,000 50,000
Retained earnings -131.30M -76.94M -42.26M -22.01M -480.53M
Other shareholders equity 49,000 407,000
Total shareholders equity 230.76M 272.89M -31.27M -14.05M -480.48M
Additional paid in capital 362.00M 349.41M 10.98M 7.74M 597.68M
Treasury stock
Minority interest

Cash flow statement

2023202220212020
Operating Activities
Net Income-54.37M-34.68M-20.24M-1.07M
Depreciation-6.81M319,000213,0006,000
Deferred Taxes
Stock-Based Compensation9.24M5.84M2.83M3.54M
Other Non-Cash Items1.06M207,000121,000
Accounts Receivable
Accounts Payable
Other Assets & Liabilities-3.12M-1.28M-2.52M6.96M
Operating Cash Flow-55.05M-28.75M-19.52M9.56M
Investing Activities
Capital Expenditures-175,000-199,000-55,000
Net Intangibles
Net Acquisitions
Purchase of Investments-272.01M
Sale of Investments185.00M
Investing Cash Flow-87.18M-199,000-55,000
Financing Activities
Long-Term Debt Issuance5.00M
Long-Term Debt Payments-8.68M-1.82M
Other Financing Charges198.84M
Financing Cash Flow190.16M52.99M5.00M
Other Cash Details
End Cash Position70.97M210.52M60.06M24.52M
Income Tax Paid
Interest Paid366,000576,000325,000
Free Cash Flow-59.44M-40.28M-17.62M9.07M
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ARS Pharmaceuticals' Neffy Launch Could Be A Hit For Severe Allergic Reactions Article
ARS Pharmaceuticals' Neffy Launch Could Be A Hit For Severe Allergic Reactions
ARS Pharmaceuticals launched Neffy, the first FDA-approved needle-free epinephrine nasal spray for severe allergic reactions. Neffy's early sales also beat expectations, which I think showcases how much of a blockbuster it could become over time. Neffy targets several segments within severe allergic reactions and could also become an OTC medication soon. In total, this is a multibillion-dollar TAM.
Seeking Alpha Positive
Feb 6, 2025
BridgeBio, ARS Pharma, Harmony Bio Shine At JPM. But SpringWorks, Beam Take Their Lumps. Article
BridgeBio, ARS Pharma, Harmony Bio Shine At JPM. But SpringWorks, Beam Take Their Lumps.
Biotech stocks put up a split showing at JPM, where names like BridgeBio, ARS and Harmony stood out with strong preliminary reports. The post BridgeBio, ARS Pharma, Harmony Bio Shine At JPM.
Investors Business Daily Positive
Jan 13, 2025
ARS Pharmaceuticals Files for Approval of neffy® in Canada and the United Kingdom on Behalf of Licensing Partner ALK-Abelló A/S Article
ARS Pharmaceuticals Files for Approval of neffy® in Canada and the United Kingdom on Behalf of Licensing Partner ALK-Abelló A/S
Canada and United Kingdom represent two of the largest markets within the ALK portfolio with plans to expand filings of neffy (epinephrine nasal spray) 2 mg in other key global regions
GlobeNewsWire Neutral
Jan 6, 2025
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