NASDAQ$OMER
Omeros Corp · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported a net loss due to increased costs and expenses, partially offset by OMIDRIA revenues.
Omeros Corporation reported a net loss of $38.5 million for Q3 2020, with revenues of $26.1 million. The revenue decrease compared to Q3 2019 was due to an $8.7 million deduction as a reserve for product returns related to the expiration of pass-through reimbursement on October 1, 2020. The company had $153.5 million in cash, cash equivalents and short-term investments available for operations as of September 30, 2020.
- Q3 2020 revenues were $26.1 million, including an $8.7 million deduction for a return reserve related to OMIDRIA's pass-through reimbursement expiration.
- Net loss for Q3 2020 was $38.5 million, or $0.66 per share, which included $13.6 million in non-cash expenses.
- On a non-GAAP basis, the adjusted net loss for Q3 2020 was $19.9 million, or $0.34 per share.
- As of September 30, 2020, the company had $153.5 million in cash, cash equivalents and short-term investments.
Headline financials
Revenue & EPS history
Omeros · Revenue · Quarterly
$26.1M
Revenue by segment
Omeros · $26.1M total across 1 segment · Q3 2020
- OMIDRIA royalties$26.1M-12.5%100.0%
Forward guidance
Omeros is focused on the commercial launch of narsoplimab and is confident about OMIDRIA's separate payment from CMS.
Tailwinds
- Narsoplimab BLA submission to the FDA is nearing completion.
- Narsoplimab is increasingly recognized as a potential treatment for severe COVID-19.
- OMS906 is progressing through its Phase 1 program.
- Omeros is confident that OMIDRIA qualifies for separate payment from CMS.
- The company's unique portfolio of complement inhibitors and pipeline programs are expected to support future growth.
Headwinds
- Pass-through reimbursement status for OMIDRIA expired on October 1, 2020.
- The company is still pursuing separate payment from CMS for OMIDRIA.
- Risks associated with product commercialization and commercial operations.
- Unproven preclinical and clinical development activities.
- The impact of COVID-19 on the company's business, financial condition and results of operations.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2020
+2.3%
Avg return
Earnings day
+4.9%
Avg return
5 days after
+9.4%
Avg return
30 days after
42%
27 / 64 earnings
Positive
+64.2%
Q4 2019
Best reaction
-21.2%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.5% | -20.8% | — | |
| Q4 2025 | +7.5% | +3.1% | +42.6% | |
| Q3 2025 | +26.3% | +30.9% | +61.6% | |
| Q1 2025 | -18.7% | -21.3% | -13.9% | |
| Q4 2024 | -3.8% | -14.1% | -14.6% | |
| Q3 2024 | +63.1% | +39.0% | +79.1% | |
| Q2 2024 | -10.5% | -2.1% | -16.7% | |
| Q1 2024 | -21.2% | -21.4% | -3.3% | |
| Q4 2023 | -11.6% | -0.6% | -1.4% | |
| Q3 2023 | -3.8% | +14.6% | +97.7% | |
| Q2 2023 | -1.2% | -6.1% | -20.7% | |
| Q1 2023 | +21.2% | +14.2% | +51.4% | |
| Q4 2022 | +15.6% | +8.6% | +72.1% | |
| Q3 2022 | -16.9% | -10.9% | -35.6% | |
| Q2 2022 | +10.5% | +5.6% | -19.4% | |
| Q1 2022 | -5.4% | +15.9% | -22.5% | |
| Q4 2021 | -5.1% | -11.2% | -16.5% | |
| Q3 2021 | +7.6% | +10.1% | +6.3% | |
| Q2 2021 | +1.5% | +4.4% | +5.3% | |
| Q1 2021 | +3.8% | +2.5% | -9.6% | |
| Q4 2020 | +1.2% | -7.3% | -10.7% | |
| Q3 2020 | +6.1% | +11.3% | +37.0% | |
| Q2 2020 | +12.5% | -4.0% | -22.2% | |
| Q1 2020 | -6.2% | -12.0% | -2.2% | |
| Q4 2019 | +64.2% | +51.8% | +8.7% | |
| Q3 2019 | +2.2% | -3.9% | -3.9% | |
| Q2 2019 | +14.7% | +20.6% | +14.4% | |
| Q1 2019 | +5.1% | +0.9% | -8.3% | |
| Q4 2018 | +12.5% | +9.2% | +20.5% | |
| Q3 2018 | -20.3% | -22.2% | -14.2% | |
| Q2 2018 | -18.0% | -4.7% | +16.9% | |
| Q1 2018 | +18.0% | +45.0% | +8.7% | |
| Q4 2017 | -0.9% | -0.1% | +10.6% | |
| Q3 2017 | +27.5% | +33.1% | +37.5% | |
| Q2 2017 | +12.4% | +5.9% | -6.8% | |
| Q1 2017 | -7.7% | -6.4% | -4.7% | |
| Q4 2016 | -7.9% | -2.9% | +34.7% | |
| Q3 2016 | +28.7% | +45.8% | +9.4% | |
| Q2 2016 | +3.0% | -7.9% | -8.9% | |
| Q1 2016 | -15.0% | — | — | |
| Q4 2015 | +24.7% | — | — | |
| Q3 2015 | -1.3% | — | — | |
| Q2 2015 | -3.1% | — | — | |
| Q1 2015 | +4.8% | — | — | |
| Q4 2014 | -6.2% | — | — | |
| Q3 2014 | +9.7% | — | — | |
| Q2 2014 | -5.7% | — | — | |
| Q1 2014 | -6.9% | — | — | |
| Q4 2013 | -11.7% | — | — | |
| Q3 2013 | -5.6% | — | — | |
| Q2 2013 | -7.2% | — | — | |
| Q1 2013 | +17.5% | — | — | |
| Q4 2012 | -3.7% | — | — | |
| Q3 2012 | -17.1% | — | — | |
| Q2 2012 | -2.2% | — | — | |
| Q1 2012 | -0.6% | — | — | |
| Q4 2011 | -3.5% | — | — | |
| Q3 2011 | -2.0% | — | — | |
| Q2 2011 | +3.0% | — | — | |
| Q1 2011 | -0.8% | — | — | |
| Q4 2010 | -3.8% | — | — | |
| Q3 2010 | -3.2% | — | — | |
| Q2 2010 | -12.3% | — | — | |
| Q1 2010 | -3.2% | — | — |
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