Omeros Corporation (OMER) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
201 ELLIOTT AVENUE WEST SEATTLE, WA 98119 |
| State of Incorp. | WA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2834 - Pharmaceutical Preparations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 171,800 | 194,900 | 157,300 | 134,953 | 60,800 | 60,500 | |||
| Cash and cash equivalents | 7,105 | 11,009 | 100,808 | 10,501 | 3,084 | 5,861 | |||
| Short-term investments | 164,743 | 183,909 | 56,458 | 124,452 | 57,704 | 54,637 | |||
| Other undisclosed cash, cash equivalents, and short-term investments | (48) | (18) | 34 | 12 | 2 | ||||
| Receivables | 8,096 | 213,221 | 38,155 | 3,841 | 35,185 | 22,818 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,355 | 1,147 | 88 | ||||||
| Inventory | 1,355 | 1,147 | 88 | ||||||
| Prepaid expense | 6,463 | ||||||||
| Other undisclosed current assets | 38,002 | 35,115 | 52,434 | 11,136 | 6,613 | (2) | |||
| Total current assets: | 217,898 | 443,236 | 247,889 | 151,285 | 103,745 | 89,867 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 945 | 1,009 | ✕ | ||||||
| Operating lease, right-of-use asset | 18,631 | 21,762 | 28,276 | 25,526 | 27,082 | ✕ | |||
| Property, plant and equipment | 1,950 | 10,198 | 3,829 | 3,845 | |||||
| Prepaid expense | 67 | 625 | 1,159 | ||||||
| Restricted cash and investments | 1,054 | 1,054 | 1,054 | 1,055 | 1,154 | 1,154 | |||
| Other undisclosed noncurrent assets | 138,736 | 123,972 | 140,973 | (7,647) | 1,070 | ||||
| Total noncurrent assets: | 160,371 | 147,733 | 171,379 | 29,757 | 33,224 | 6,069 | |||
| TOTAL ASSETS: | 378,269 | 590,969 | 419,268 | 181,042 | 136,969 | 95,936 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 39,580 | 36,540 | 46,834 | 32,954 | 51,955 | 36,467 | |||
| Taxes payable | ✕ | ✕ | ✕ | 300 | |||||
| Accounts payable | 7,712 | 5,989 | 13,400 | 4,199 | 5,328 | 6,281 | |||
| Accrued liabilities | 31,868 | 30,551 | 33,134 | 28,755 | 46,627 | 30,186 | |||
| Debt | 94,803 | 648 | 1,042 | 3,504 | 889 | ||||
| Other undisclosed current liabilities | 13,736 | 5,040 | 4,307 | 2,740 | |||||
| Total current liabilities: | 53,316 | 136,383 | 51,789 | 36,736 | 55,459 | 37,356 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 213,155 | 221,361 | 342,584 | 236,288 | 190,531 | 150,559 | |||
| Long-term debt, excluding current maturities | 213,155 | 220,906 | 313,458 | 236,288 | 158,213 | 148,981 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,578 | ||
| Finance lease, liability | 455 | 315 | 1,546 | ✕ | |||||
| Liabilities, other than long-term debt | 2,088 | 22,415 | 1,115 | 8,177 | |||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 8,177 | ||
| Accounts payable and accrued liabilities | 2,088 | 444 | 1,115 | ||||||
| Operating lease, liability | 21,971 | 28,811 | 30,772 | ✕ | |||||
| Total noncurrent liabilities: | 215,243 | 243,776 | 343,699 | 236,288 | 190,531 | 158,736 | |||
| Total liabilities: | 268,559 | 380,159 | 395,488 | 273,024 | 245,990 | 196,092 | |||
| Equity | |||||||||
| Equity, attributable to parent | (24,983) | 85,684 | 23,780 | (120,752) | (109,021) | (100,156) | |||
| Common stock | 611 | 628 | 626 | 616 | 542 | 490 | |||
| Additional paid in capital | 727,936 | 720,773 | 706,288 | 751,304 | 625,048 | 549,479 | |||
| Accumulated deficit | (753,530) | (635,717) | (683,134) | (872,672) | (734,611) | (650,125) | |||
| Total equity: | (24,983) | 85,684 | 23,780 | (120,752) | (109,021) | (100,156) | |||
| Other undisclosed liabilities and equity | 134,693 | 125,126 | 28,770 | ||||||
| TOTAL LIABILITIES AND EQUITY: | 378,269 | 590,969 | 419,268 | 181,042 | 136,969 | 95,936 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,500 | 1,755 | 1,776 | 73,813 | 111,805 | 29,868 | ||
| Sublease income | 1,500 | 1,755 | 1,776 | 1,300 | 913 | ✕ | ||
| Cost of revenue (Cost of Goods and Services Sold) | (902) | (865) | (512) | |||||
| Gross profit: | 1,500 | 1,755 | 1,776 | 72,911 | 110,940 | 29,356 | ||
| Operating expenses | (164,530) | (163,389) | (173,617) | (183,512) | (174,322) | (142,090) | ||
| Other undisclosed operating income (loss) | (1,500) | (1,755) | (1,776) | 512 | ||||
| Operating loss: | (164,530) | (163,389) | (173,617) | (110,601) | (63,382) | (112,222) | ||
| Nonoperating income (Other Nonoperating income) | 1,740 | 654 | 1,553 | 1,781 | ||||
| Interest and debt expense | (26,732) | (22,702) | (19,669) | (40,125) | (22,657) | (29,245) | ||
| Loss from continuing operations before equity method investments, income taxes: | (191,262) | (186,091) | (191,546) | (150,072) | (84,486) | (139,686) | ||
| Other undisclosed income from continuing operations before income taxes | 4,062 | |||||||
| Loss from continuing operations before income taxes: | (191,262) | (182,029) | (191,546) | (150,072) | (84,486) | (139,686) | ||
| Income tax benefit | 12,011 | 12,929 | ||||||
| Loss from continuing operations: | (191,262) | (182,029) | (191,546) | (138,061) | (84,486) | (126,757) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (191,546) | (138,061) | (84,486) | (126,757) | |
| Loss from discontinued operations | (3,952) | |||||||
| Other undisclosed net income | 233,398 | 385,781 | ||||||
| Net income (loss): | (191,262) | 47,417 | 194,235 | (138,061) | (84,486) | (126,757) | ||
| Other undisclosed net income attributable to parent | 73,449 | |||||||
| Net income (loss) available to common stockholders, diluted: | (117,813) | 47,417 | 194,235 | (138,061) | (84,486) | (126,757) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (191,262) | 47,417 | 194,235 | (138,061) | (84,486) | (126,757) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (191,262) | 47,417 | 194,235 | (138,061) | (84,486) | (126,757) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.