---
schema_version: "secwatch.filing_event.v1"
accession: "0001846253-23-000117"
form_type: "8-K"
ticker: "OABI"
cik: "0001846253"
company_name: "OmniAb, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:39:37.846578+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# OmniAb Q3 revenue falls 20% to $5.5M; net loss widens to $15.7M

## Summary
- Q3 2023 revenue $5.5M (down 20% YoY); net loss $15.7M ($0.16/share) vs $12.6M loss in Q3 2022.
- Active partner programs 314, up from 291 at year-start; added Novartis, GigaMune, Polaris as new partners.
- Cash & short-term investments $96.6M at Sep 30; expects year-end cash slightly below year-end 2022.
- Nine-month revenue $29.3M (up 24% YoY) from milestone payments; net loss $36.6M ($0.37/share).
- Appointed Steve Love to Board (Audit Chair) and Yasmina Abdiche as VP of Exploratory Research.

## SEC filing metadata
- accession: 0001846253-23-000117
- form_type: 8-K
- ticker: OABI
- cik: 0001846253
- company_name: OmniAb, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1846253/000184625323000117/0001846253-23-000117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1846253/000184625323000117/oabi-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001846253-23-000117
- JSON: https://secwatch.observer/filing/0001846253-23-000117.json
- Plain text: https://secwatch.observer/filing/0001846253-23-000117.txt

## Key facts
- Earnings Releases
  OmniAb, Inc. reported three and nine months ended September 30, 2023 results: revenue $5.5 million, net income $15.7 million, or $0.16 per share.
  - Period: three and nine months ended September 30, 2023
  - Revenue: $5.5 million
  - Net income: $15.7 million, or $0.16 per share
  - Result: reported results
  source text: Virtual Event later today, which will include an overview of our new Omni dAb TM technology.” Third Quarter 2023 Financial Results Revenue for the third quarter of 2023 was $5.5 million, compared with $6.9 million for the same period in 2022, with the decrease primarily driven by lower service revenue as a result of the completion of discovery work on certain
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846253/000184625323000117/0001846253-23-000117-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.