earnings
confidence high
sentiment neutral
materiality 0.70
Omeros Q2 net loss narrows to $25.4M; narsoplimab PDUFA extended to Dec 2025; debt reduced by $80M
OMEROS CORP
2025-Q2 EPS
reported -$1.01
vs consensus -$0.49
▼ miss
(-105.9%)
- Net loss of $25.4M ($0.43/sh) vs $56.0M ($0.97/sh) a year ago; cash, short-term investments $28.7M at June 30.
- Post-quarter: raised $20.6M net from Polar Asset Management (5.37M shares at $4.10, 14% premium) plus $2.1M from ATM.
- Narsoplimab BLA PDUFA date extended to Dec 26, 2025; FDA expects labeling talks by Oct. EMA MAA validated, opinion mid-2026.
- Exchanged $70.8M of 2026 Notes for 2029 Notes; remaining 2026 Notes reduced to $17.1M; avoided $20M prepayment on term debt.
- In talks for potential asset deal with multi-billion total value; upfront cash would repay $67.1M term loan and $17.1M notes.