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Jun 30, 2021

Omeros Q2 2021 Earnings Report

Omeros reported an increase in OMIDRIA revenues and a net loss for the second quarter of 2021.

Key Takeaways

Omeros Corporation reported financial results for the second quarter ended June 30, 2021. OMIDRIA revenues increased compared to the first quarter. The company's Biologics License Application (BLA) for narsoplimab is under priority review by the U.S. FDA.

OMIDRIA revenues for the second quarter of 2021 were $28.8 million, a 37% increase over the prior quarter.

Net loss in the second quarter of 2021 was $28.6 million, or $0.46 per share.

Omeros had cash, cash equivalents and short-term investments available for operations of $73.7 million as of June 30, 2021.

The FDA's action date for Omeros' BLA for narsoplimab in the treatment of HSCT-TMA is October 17, 2021.

Total Revenue
$28.8M
Previous year: $13.5M
+113.0%
EPS
-$0.46
Previous year: -$0.61
-24.6%
Weighted Average Shares
62.37M
Gross Profit
$28.5M
Previous year: $13.4M
+112.8%
Cash and Equivalents
$73.7M
Previous year: $16.1M
+357.8%
Free Cash Flow
-$27.7M
Previous year: -$37.7M
-26.7%
Total Assets
$145M
Previous year: $70.7M
+105.7%

Omeros

Omeros