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OmniAb Q1 2025 Earnings Report
OmniAb reported its first quarter 2025 financial results, showing an increase in revenue and a decrease in net loss compared to the same period in the previous year.
Key Takeaways
OmniAb reported a robust first quarter in 2025 with increased revenue driven by milestone payments and higher license fees, alongside a reduced net loss due to lower operating expenses. The company also announced strategic initiatives like the xPloration® Partner Access Program and affirmed its 2025 financial guidance.
Revenue for Q1 2025 increased to $4.2 million from $3.8 million in Q1 2024, primarily due to a $1.0 million Phase 1 milestone payment and higher license fees.
Net loss for Q1 2025 decreased to $18.2 million, or $0.17 per share, compared to $19.0 million, or $0.19 per share, in Q1 2024.
Operating expenses decreased to $22.998 million in Q1 2025 from $26.354 million in Q1 2024, driven by lower R&D and G&A expenses.
OmniAb affirmed its 2025 revenue guidance of $20 million to $25 million and revised operating expense guidance to $85 million to $90 million.
OmniAb
OmniAb
OmniAb Revenue by Segment
Revenue by Segment
License and milestone Revenue
CapyFin.comService Revenue
CapyFin.comRoyalty Revenue
CapyFin.com Forward Guidance
OmniAb affirmed its 2025 revenue guidance and revised its operating expense guidance, while also expecting lower cash use compared to 2024.
Positive Outlook
- Revenue guidance for 2025 affirmed to be in the range of $20 million to $25 million.
- Operating expense guidance revised to be in the range of $85 million to $90 million, a reduction from the previous range.
- 2025 cash use is expected to be lower than cash use in 2024.
- The 2025 full year effective tax rate is expected to be approximately 0%.
- The xPloration® Partner Access Program is expected to be accretive to both earnings and cash flow in the short- and long-term.