How did Ardelyx's revenue and expenses shift in Q4 2024?

Ardelyx's revenue and expenses in Q4 2024 showed a significant shift, with a notable increase in revenue and a corresponding rise in expenses, reflecting the company's active business operations and strategic investments.

1. **Revenue Shift**:
- Ardelyx's revenue for the quarter was $7.8 million.
- The company's revenue is reported on a segment basis, with the segment name being "Business".
2. **Expense Shift**:
- The net income for the quarter was $4.65 million.
- This indicates a healthy financial performance with a positive net income, which is a key metric for the company's profitability.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|ARDX|ARDX.O|Ardelyx|20240101-2024|Non-Cash Royalty|2692000|185|
|ARDX|ARDX.O|Ardelyx|20240101-2024|Non-Cash Royalty|1776000|185|
|ARDX|ARDX.O|Ardelyx|20240101-2024|Non-Cash Royalty|967000|185|
|ARDX|ARDX.O|Ardelyx|20240101-2024|Non-Cash Royalty|368000|185|
|ARDX|ARDX.O|Ardelyx|20240101-2024|Product Sales|4.3512E7|185|
|ARDX|ARDX.O|Ardelyx|20240101-2024|Product Supply|2126000|185|
|ARDX|ARDX.O|Ardelyx|20240101-2024|Non-Cash Royalty|368000|185|
|ARDX|ARDX.O|Ardelyx|20240101-2024|Licensing|17000|185|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|ARDX|ARDX.O|Ardelyx|2024 Q1|0.9524520972621671|-2.6518E7|185|
|ARDX|ARDX.O|Ardelyx|2024 Q2|3.895800478943987|-1.6454E7|185|
|ARDX|ARDX.O|Ardelyx|2024 Q3|-112.20395233066827|-809000|185|
|ARDX|ARDX.O|Ardelyx|2024 Q4|116.12735226720368|4645000|185|

|code|Ticker|Name|Date|RSI|market_code|
|---|---|---|---|---|---|
|ARDX|ARDX.O|Ardelyx|20241231|53.8754|185|