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Healthcare - Biotechnology - NASDAQ - US
$ 14.49
-2.75 %
$ 1.42 B
Market Cap
-84.0
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one SPRY stock under the worst case scenario is HIDDEN Compared to the current market price of 14.5 USD, ARS Pharmaceuticals, Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one SPRY stock under the base case scenario is HIDDEN Compared to the current market price of 14.5 USD, ARS Pharmaceuticals, Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one SPRY stock under the best case scenario is HIDDEN Compared to the current market price of 14.5 USD, ARS Pharmaceuticals, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart SPRY

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$16.0$16.0$15.0$15.0$14.0$14.0$13.0$13.0$12.0$12.0$11.0$11.0$10.0$10.015 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '25
FINANCIALS
89.1 M REVENUE
297063.33%
-3.08 M OPERATING INCOME
95.43%
8 M NET INCOME
114.71%
13.5 M OPERATING CASH FLOW
122.86%
-106 M INVESTING CASH FLOW
-21.70%
72.4 M FINANCING CASH FLOW
949.41%
7.97 M REVENUE
-90.79%
-37.2 M OPERATING INCOME
-78.77%
-33.9 M NET INCOME
-67.97%
-40.7 M OPERATING CASH FLOW
-97.00%
29.1 M INVESTING CASH FLOW
128.56%
725 K FINANCING CASH FLOW
-98.98%
Balance Sheet ARS Pharmaceuticals, Inc.
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Current Assets 334 M
Cash & Short-Term Investments 314 M
Receivables 9.16 M
Other Current Assets 11.1 M
Non-Current Assets 16.9 M
Long-Term Investments 0
PP&E 1.07 M
Other Non-Current Assets 15.8 M
89.43 %3.16 %4.50 %Total Assets$351.2m
Current Liabilities 23.4 M
Accounts Payable 9.87 M
Short-Term Debt 42 K
Other Current Liabilities 13.5 M
Non-Current Liabilities 70.9 M
Long-Term Debt 0
Other Non-Current Liabilities 70.9 M
10.46 %14.34 %75.16 %Total Liabilities$94.4m
EFFICIENCY
Earnings Waterfall ARS Pharmaceuticals, Inc.
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Revenue 89.1 M
Cost Of Revenue 977 K
Gross Profit 88.2 M
Operating Expenses 91.3 M
Operating Income -3.08 M
Other Expenses -11.1 M
Net Income 8 M
90m90m80m80m70m70m60m60m50m50m40m40m30m30m20m20m10m10m00(10m)(10m)89m(977k)88m(91m)(3m)11m8mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
98.90% GROSS MARGIN
98.90%
-3.46% OPERATING MARGIN
-3.46%
8.97% NET MARGIN
8.97%
3.11% ROE
3.11%
2.28% ROA
2.28%
-0.91% ROIC
-0.91%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis ARS Pharmaceuticals, Inc.
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20m20m10m10m00(10m)(10m)(20m)(20m)(30m)(30m)(40m)(40m)(50m)(50m)(60m)(60m)20192019202020202021202120222022202320232024202420252025
Net Income 8 M
Depreciation & Amortization -7.18 M
Capital Expenditures -563 K
Stock-Based Compensation 14.5 M
Change in Working Capital -1.81 M
Others -5.93 M
Free Cash Flow 13 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets ARS Pharmaceuticals, Inc.
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Wall Street analysts predict an average 1-year price target for SPRY of $23.3 , with forecasts ranging from a low of $18 to a high of $30 .
SPRY Lowest Price Target Wall Street Target
18 USD 24.22%
SPRY Average Price Target Wall Street Target
23.3 USD 61.03%
SPRY Highest Price Target Wall Street Target
30 USD 107.04%
Price
Max Price Target
Min Price Target
Average Price Target
3030252520201515101055Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 14
6. Ownership
Insider Ownership ARS Pharmaceuticals, Inc.
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Sold
0-3 MONTHS
4.62 M USD 5
3-6 MONTHS
4.07 M USD 3
6-9 MONTHS
38 M USD 8
9-12 MONTHS
38.7 M USD 7
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
ARS Pharmaceuticals to Participate in Upcoming Investor Conferences SAN DIEGO, May 27, 2025 (GLOBE NEWSWIRE) -- ARS Pharmaceuticals, Inc. (Nasdaq: SPRY), a biopharmaceutical company dedicated to empowering at-risk patients and their caregivers to better protect themselves from allergic reactions that could lead to anaphylaxis, today announced that Richard Lowenthal, Co-Founder, President and CEO and Eric Karas, Chief Commercial Officer, will participate in presentations at the William Blair 45th Annual Growth Stock Conference and 2025 Jefferies Global Healthcare Conference in June. globenewswire.com - 3 weeks ago
ARS Pharmaceuticals, Inc. (SPRY) Q1 2025 Earnings Call Transcript ARS Pharmaceuticals, Inc. (NASDAQ:SPRY ) Q1 2025 Earnings Conference Call May 14, 2025 8:30 AM ET Company Participants Justin Chakma - CBO Richard Lowenthal - Co-Founder, President and CEO Eric Karas - CCO Kathleen Scott - CFO Conference Call Participants Ryan Deschner - Raymond James Josh Schimmer - Cantor Roanna Ruiz - Leerink Partners Lachlan Hanbury-Brown - William Blair Andreas Argyrides - Oppenheimer Louise Chen - Scotiabank Operator Good morning and welcome to ARS Pharmaceuticals' Conference Call. At this time, all participants are in listen-only mode. seekingalpha.com - 1 month ago
ARS Pharmaceuticals, Inc. (SPRY) Reports Q1 Loss, Lags Revenue Estimates ARS Pharmaceuticals, Inc. (SPRY) came out with a quarterly loss of $0.35 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.11 per share a year ago. zacks.com - 1 month ago
ARS Pharmaceuticals Reports First Quarter 2025 Financial Results and Highlights Progress in U.S. Commercial Launch of neffy® (epinephrine nasal spray) $7.8 million in total neffy U.S. net product revenue in first quarter of 2025 neffy 1 mg available nationwide for children aged four and older and co-promotion agreement with ALK-Abelló Inc. increases neffy promotional reach to nearly 20,000 healthcare providers, including key pediatricians More than 5,000 physicians have prescribed neffy to date, reinforcing the demand for a safe, effective, needle-free treatment for severe allergic reactions including anaphylaxis Conference call to be held today, May 14, 2025, at 5:30 a.m. PT / 8:30 a.m. globenewswire.com - 1 month ago
ARS Pharmaceuticals' neffy® (epinephrine nasal spray) 1 mg is Now Available in the United States for Type I Allergic Reactions, including Anaphylaxis, in Pediatric Patients Weighing 15 to < 30 Kilograms The availability of neffy 1 mg extends protection to younger, school-aged children—who make up nearly 23% of people needing epinephrine Visit neffy.com for savings and support programs and pay as little as $25 (if eligible) in preparation for summer travel and back-to-school SAN DIEGO, May 07, 2025 (GLOBE NEWSWIRE) -- ARS Pharmaceuticals, Inc. (Nasdaq: SPRY), a biopharmaceutical company dedicated to empowering at-risk patients and their caregivers to better protect patients from allergic reactions that could lead to anaphylaxis, announced neffy ® (epinephrine nasal spray) 1 mg is now available to patients and caregivers by prescription across the U.S. In March 2025, the U.S. Food and Drug Administration approved neffy for the treatment of Type I allergic reactions, including anaphylaxis, in children who are aged four years and older and weigh 15 to < 30 kilograms (33 to < 66 lb.). “Many children fear needles, which can lead parents to delay administering needle-based epinephrine treatments. globenewswire.com - 1 month ago
ARS Pharmaceuticals Announces Conference Call and Webcast for its First Quarter 2025 Financial Results SAN DIEGO, May 05, 2025 (GLOBE NEWSWIRE) -- ARS Pharmaceuticals, Inc. (Nasdaq: SPRY), a biopharmaceutical company dedicated to empowering at-risk patients and caregivers to better protect themselves from allergic reactions that could lead to anaphylaxis, today announced the company will host a conference call and webcast on Wednesday, May 14, 2025, at 5:30 a.m. PT / 8:30 a.m. globenewswire.com - 1 month ago
ARS Pharmaceuticals Announces Co-Promotion Agreement with Partner and Global Allergy Leader ALK-Abelló A/S to Expand Reach of neffy® (epinephrine nasal spray) to Additional U.S. Pediatricians Agreement builds on landmark licensing deal between ARS Pharma and ALK-Abelló A/S, which provided ARS Pharma with $145 million upfront and ALK with commercialization rights to neffy in Canada, United Kingdom, European Union and certain other countries outside the United States globenewswire.com - 1 month ago
ARS Pharmaceuticals Has A Blockbuster Candidate ARS Pharmaceuticals has a recently launched needle-free epinephrine product for allergic reactions, neffy, and strong cash reserves. The company targets a ~$3B+ U.S. market, geographic expansion and intends to also address acute flares in chronic spontaneous urticaria. Financial projections include $500M peak U.S. sales, $500M outside the U.S., and $150M for chronic spontaneous urticaria, with profitability expected by 2027. seekingalpha.com - 1 month ago
ARS Pharmaceuticals: Surging On Solid Earnings - But Real Challenges Await ARS Pharmaceuticals, Inc.'s stock surged 25% today after strong Q4 and full-year 2024 earnings, driven by the needle-free epinephrine treatment, neffy, which has promising market potential. Neffy's competitive edge lies in its innovative intranasal delivery, targeting a $3 billion initial addressable market in the U.S. with potential growth prospects. Despite neffy's potential, risks include competition, pricing pressures, and single-asset dependency, leading to a "Hold" recommendation due to commercial uncertainties. seekingalpha.com - 2 months ago
ARS Pharmaceuticals, Inc. (SPRY) Q4 2024 Earnings Conference Call Transcript ARS Pharmaceuticals, Inc. (NASDAQ:SPRY ) Q4 2024 Earnings Conference Call March 20, 2025 8:30 AM ET Company Participants Justin Chakma - Chief Business Officer Richard Lowenthal - Co-Founder, President and CEO Eric Karas - Chief Commercial Office Kathleen Scott - CFO Conference Call Participants Ryan Deschner - Raymond James Alexa Deemer - Cantor Fitzgerald Louise Chen - Scotia Bank Roanna Ruiz - Leerink Partners Lachlan Hanbury-Brown - William Blair Julian Harrison - BTIG Operator Good day, and welcome to ARS Pharmaceuticals Fourth Quarter and Full Year 2024 Financial Results Conference Call. At this time all participants are in listen-only mode. seekingalpha.com - 2 months ago
ARS Pharma Retakes Its 50-Day Line In Bullish Post-Earnings Move. Here's Why. Shares of ARS Pharmaceuticals bounded higher Thursday after the company reported an unexpected fourth-quarter metrics. The post ARS Pharma Retakes Its 50-Day Line In Bullish Post-Earnings Move. investors.com - 2 months ago
ARS Pharmaceuticals, Inc. (SPRY) Q4 Earnings and Revenues Beat Estimates ARS Pharmaceuticals, Inc. (SPRY) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of a loss of $0.04 per share. This compares to loss of $0.07 per share a year ago. zacks.com - 2 months ago
8. Profile Summary

ARS Pharmaceuticals, Inc. SPRY

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COUNTRY US
INDUSTRY Biotechnology
MARKET CAP $ 1.42 B
Dividend Yield 0.00%
Description ARS Pharmaceuticals, Inc. develops ARS-1, a novel intranasal epinephrine spray with absorption technology for patients and their families at-risk of severe allergic reactions to food, medications, and insect bites. Its product includes Neffy, a low-dose intranasal epinephrine nasal spray. The company was incorporated in 2015 and is based in San Diego, California.
Contact 3525 Del Mar Heights Road, San Diego, CA, 92130 https://ars-pharma.com
IPO Date Dec. 4, 2020
Employees 155
Officers Mr. Eric Karas Chief Commercial Officer Ms. Kathleen D. Scott CPA Chief Financial Officer Dr. Robert Bell Ph.D. Co-Founder & Chief Science Officer Mr. Richard E. Lowenthal M.B.A., M.S., MSMSEL Co-Founder, President, Chief Executive Officer & Director Dr. Sarina Tanimoto M.B.A., M.D. Co-Founder & Chief Medical Officer Mr. Harris Kaplan M.B.A. Executive Vice President of Commercial Strategy Mr. Brian T. Dorsey M.S. Chief Operating Officer Mr. Daniel Relovsky Senior Vice President of Marketing Mr. Justin Chakma Chief Business Officer Mr. Alexander A. Fitzpatrick Esq. Chief Legal Officer & Secretary