GPGrossPatternRESEARCH SYSTEM
SEC CHECK OPERATIONAL
GROSSPATTERN / DETERMINISTIC EVIDENCE / V3

ARDX financial changes

Ranked by interpretable importance, issuer history, magnitude, and accounting profile. No directional recommendation.

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LOW IMPORTANCESg And A15TH HISTORICAL PCTL

Selling, general & administrative increased 20.8%

Selling, general & administrative changed +20.8% from the comparable as-filed period. The change ranks at the 15th percentile of 26 prior comparable changes.

$84.0M$101.4M26 prior comparisons
LOW IMPORTANCESbcSbc Intensity Increase10TH HISTORICAL PCTL

SBC / revenue moved 70 bp higher

SBC / revenue changed +70 basis points from the comparable as-filed period. The change ranks at the 10th percentile of 69 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.

11.97%12.67%69 prior comparisons

Method Importance combines metric-family relevance, magnitude, issuer-history unusualness, persistence, and financial-statement significance. It is analytical prioritization, not a legal materiality conclusion or investment signal.