secwatch.observer — SEC 8-K summary
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Issuer:     Onterris, Inc. (ONT)
CIK:        0001643615
Form:       8-K
Filed at:   2026-08-05T20:04:16+00:00
Accession:  0001193125-26-335022
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onterris Q2 revenue down 20% to $186.7M; cuts FY guidance; launches strategic review and rights plan
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- Q2 revenue $186.7M (down 20% YoY); net income $1.4M ($0.04 EPS) vs $18.4M ($0.42 EPS) prior year.
- Adjusted EBITDA $31.9M (17.1% margin) vs $39.6M (16.9% margin); Adj EPS $0.51 vs $0.60.
- FY2026 guidance cut: revenue $740M-$790M (from $840M-$900M); Adj EBITDA $117M-$120M (from $125M-$130M).
- Board-led strategic review of alternatives including potential sale; adopted one-year rights plan due to undisclosed share accumulation.
- H1 2026 share repurchases of 1.6M shares for $30M; expects year-end leverage ~2.5x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643615/000119312526335022/0001193125-26-335022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643615/000119312526335022/ont-20260805.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-335022

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