earnings
confidence high
sentiment negative
materiality 0.80
Ocular Therapeutix Q1 net loss $88.6M; cash $666.7M; AXPAXLI NDA on track with SOL-1 data
OCULAR THERAPEUTIX, INC
2026-Q1 EPS reported
-$0.40
revenue$10,785,000
- Net loss $88.6M ($0.40 per share) vs $64.1M ($0.38) in Q1 2025; revenue $10.8M, up 0.8%.
- Cash $666.7M as of March 31, 2026; runway into 2028 excluding full AXPAXLI commercialization costs.
- AXPAXLI NDA for wet AMD on track based on SOL-1 Week 52 data; subject to FDA discussions; 505(b)(2) pathway may shorten review.
- SOL-1 positive: superior visual outcomes (74.1% maintained vision at Week 36 vs 55.8% aflibercept); p=0.0006 primary endpoint.
- SOL-R non-inferiority trial on track for topline 1Q 2027; HELIOS-3 ongoing; Investor Day June 17, 2026.