OmniAb reports $23.7M revenue, $29.2M net loss for nine months ended Sep 30, 2022

OmniAb, Inc.

Revenue for nine months ended Sep 30, 2022 was $23.7M, up 22% from $19.5M in 2021.
Net loss widened to $29.2M from $24.0M a year earlier, driven by higher R&D and G&A expenses.
Post-closing of business combination, New OmniAb had approximately $95.8M in net cash.
Company expects to continue incurring losses as it invests in platform and public company costs.

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