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Mar 31, 2021

Omeros Q1 2021 Earnings Report

Omeros reported a net loss for Q1 2021, but saw increased OMIDRIA revenues.

Key Takeaways

Omeros Corporation reported first quarter 2021 financial results, with OMIDRIA revenues at $21.1 million. The company's net loss was $35.1 million, or $0.57 per share. As of March 31, 2021, Omeros had $100.5 million in cash, cash equivalents and short-term investments.

OMIDRIA revenues for Q1 2021 were $21.1 million.

Net loss in Q1 2021 was $35.1 million, or $0.57 per share.

Omeros had cash, cash equivalents and short-term investments of $100.5 million as of March 31, 2021.

Dosing of patients with narsoplimab in the I-SPY COVID-19 platform trial began in March 2021.

Total Revenue
$21.1M
Previous year: $23.5M
-10.5%
EPS
-$0.57
Previous year: -$0.53
+7.5%
Gross Profit
$20.8M
Cash and Equivalents
$100M
Previous year: $54M
+86.1%
Free Cash Flow
-$40.3M
Total Assets
$161M

Omeros

Omeros

Forward Guidance

Omeros is progressing toward the anticipated launch of narsoplimab for TA-TMA and building momentum with OMIDRIA following CMS' confirmation of separate payment for OMIDRIA in the ASC setting.