secwatch.observer — SEC 8-K summary
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Issuer:     OMEROS CORP (OMER)
CIK:        0001285819
Form:       8-K
Filed at:   2026-05-13T20:06:59+00:00
Accession:  0001437749-26-016718
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Omeros Q1 net income $56.1M on $73.1M non-cash gain; YARTEMLEA net sales $9.9M
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- GAAP net income $56.1M ($0.78/share) vs. net loss $33.5M ($0.58) in Q1 2025; includes $73.1M non-cash gain on embedded derivatives.
- Non-GAAP adjusted net loss $17.1M ($0.24/share); total operating expenses fell 22% to $27.3M.
- YARTEMLEA launch in Jan 2026: gross sales $11.1M, net sales $9.9M; CMS assigned J-code (eff. July 1) and recommended NTAP (eff. Oct 1).
- Cash and short-term investments $135.3M; repaid $17.1M 2026 Notes; only $70.8M 2029 Notes remain (mature June 2029).
- Repurchased 0.4M shares at avg $11.70 for $4.2M; MAA for YARTEMLEA under EMA review with decision expected mid-2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1285819/000143774926016718/0001437749-26-016718-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1285819/000143774926016718/omer20260403_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-016718

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