NASDAQ$OMER

Omeros Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Omeros reported its Q4 and year-end 2019 financial results.

Omeros Corporation reported OMIDRIA revenues of $33.4 million for Q4 2019, representing the highest revenue quarter to date and a 12% increase compared to Q3 2019. The net loss for the quarter was $29.2 million, or $0.58 per share. The company had cash, cash equivalents, and short-term investments of $60.8 million as of December 31, 2019.

  • OMIDRIA revenues for Q4 2019 reached $33.4 million, the highest revenue quarter to date, reflecting a 12% growth from the previous quarter.
  • Full-year 2019 OMIDRIA revenues totaled $111.8 million, a 274% increase from the prior year.
  • The company's pivotal trial in HSCT-TMA generated data that surpassed the FDA's efficacy threshold and enabled the submission of the first sections of the rolling BLA.
  • Omeros discovered a cancer immunity axis controlled by GPR174, a target that the company controls and expects could change the immuno-oncology landscape.

Headline financials

Total Revenue

$33.4M

Previous: $22M+51.8%
EPS (adj)

-$0.58

Previous: -$0.48-20.8%
Capital Expenditures

$16K

No prior period
Free Cash Flow

-$23M

No prior period
Net Income

-$29.2M

No prior period
Operating Income

-$23.7M

No prior period
Gross Profit

$33M

No prior period
Cash & Equivalents

$60.8M

No prior period
Total Assets

$137M

No prior period
Stock-Based Comp

$3.32M

No prior period

Revenue & EPS history

Omeros · Revenue · Quarterly

$33.4M

Q4 2019+51.8%vs Q4 2018
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Omeros · $33.4M total across 1 segment · Q4 2019

  • OMIDRIA royalties
    $33.4M

Forward guidance

Omeros is on track to complete submission of the narsoplimab BLA for HSCT-TMA and looks forward to FDA’s review and approval. The company expects continued growth in OMIDRIA sales, further clinical development of its OMS527 addiction program, a Phase 1 trial for its MASP-3 inhibitor OMS906, and ongoing progress with its MASP-2 small-molecule inhibitor and next-generation antibody as well as its GPR174 antagonists.

Tailwinds

  • On track to complete submission of the narsoplimab BLA for HSCT-TMA.
  • Continued growth in OMIDRIA sales expected.
  • Further clinical development of OMS527 addiction program planned.
  • Phase 1 trial for MASP-3 inhibitor OMS906 expected.
  • Ongoing progress with MASP-2 small-molecule inhibitor and next-generation antibody as well as GPR174 antagonists.

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 Q4 2019

Historical avgQ4 2019

+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

Earnings price reactions
QuarterReport dateReaction (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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