1. Pomerantz LLP is investigating potential securities fraud by Ardelyx executives. 2. Ardelyx reported Q1 2025 earnings missing estimates, causing stock price drop. 3. GAAP EPS was $0.17; revenue was $74.1 million, below forecasts. 4. Operating expenses increased 54% year-over-year, raising investor concerns. 5. The stock fell 24.5%, closing at $4.13 due to these developments.
The investigation into potential fraud and missed earnings contributes to investor distrust. Historical cases of fraud have led to significant long-term declines in stock value for affected companies.
The ongoing investigation implicating ARDX in possible securities fraud is critical. Such investigations can lead to shareholder lawsuits, regulatory actions, and loss of market confidence, significantly affecting stock performance.
The immediate fallout from negative press and investigations often affects stock prices rapidly, as seen in previous cases like Enron and Theranos where allegations severely impacted immediate trading.
Pomerantz LLP is investigating claims on behalf of investors of Ardelyx, Inc. ("Ardelyx" or the "Company") (NASDAQ: ARDX). Such investors are advised to contact Danielle Peyton at danielle@pomerantzlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Ardelyx and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On May 1, 2025, Ardelyx issued a press release reporting its financial results for the first quarter of 2025. Among other items, Ardelyx reported GAAP earnings per share of $0.17 on revenue of $74.1 million, missing consensus estimates by $0.07 and $5.34 million, respectively. Ardelyx also reported a 54% year-over-year increase in its total operating expenses.
On this news, Ardelyx's stock price fell $1.34 per share, or 24.5%, to close at $4.13 per share on May 2, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT: Danielle Peyton
Pomerantz LLP
danielle@pomerantzlaw.com
646-581-9980 ext. 7980