Otonomy, Inc. (OTIC) Financial Statements (2024 and earlier)

Company Profile

Business Address 4796 EXECUTIVE DRIVE
SAN DIEGO, CA 92121
State of Incorp. DE
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)

9/30/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including: 77,40086,30060,70097,300120,000196,400
Cash and cash equivalents 77,41230,76725,19433,63318,45624,156
Short-term investments  55,57635,47663,651101,548172,222
Other undisclosed cash, cash equivalents, and short-term investments (12)(43)3016(4)22
Receivables   4810810791
Inventory, net of allowances, customer advances and progress billings  227  61,435
Inventory  227  61,435
Prepaid expense  2,1452,2232,4191,5992,155
Other undisclosed current assets 3,068431792427332,139
Total current assets: 80,46888,71563,150100,069122,445202,220
Noncurrent Assets
Operating lease, right-of-use asset 12,69614,08215,465
Property, plant and equipment 1,7712,7663,7023,9964,6794,977
Restricted cash and investments 7027027016961,158697
Other noncurrent assets    23182702
Total noncurrent assets: 15,16917,55019,8684,9235,9196,376
TOTAL ASSETS: 95,637106,26583,018104,992128,364208,596
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 8,8787,7299,1967,4528,14915,195
Employee-related liabilities3,4503,9272,5932,6353,3074,839
Accounts payable 1,0908491,1611,0299611,292
Accrued liabilities 4,3382,9535,4423,7883,8819,064
Debt 91183,302   
Deferred rent credit    38
Deferred revenue and credits4238
Other undisclosed current liabilities 3,3643,247    
Total current liabilities: 12,33310,99412,4987,4908,19115,233
Noncurrent Liabilities
Long-term debt and lease obligation 15,99715,15830,28714,764  
Long-term debt, excluding current maturities 15,99715,15814,96714,764  
Finance lease, liability   14
Liabilities, other than long-term debt    3,0012,894626
Deferred revenue and credits2,894626
Deferred rent credit    3,001
Operating lease, liability   15,306
Other undisclosed noncurrent liabilities 12,40013,847    
Total noncurrent liabilities: 28,39729,00530,28717,7652,894626
Total liabilities: 40,73039,99942,78525,25511,08515,859
Equity
Equity, attributable to parent 54,90766,26640,23379,737117,279192,737
Common stock 574831313130
Additional paid in capital 610,655570,841500,084494,947482,198467,468
Accumulated other comprehensive income (loss)  111(23)(100)(41)
Accumulated deficit (555,805)(504,624)(459,893)(415,218)(364,850)(274,720)
Total equity: 54,90766,26640,23379,737117,279192,737
TOTAL LIABILITIES AND EQUITY: 95,637106,26583,018104,992128,364208,596

Income Statement (P&L) ($ in thousands)

9/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 1252736007451,236683
Revenue, net1,236683
Cost of revenue
(Cost of Goods and Services Sold)
 (370)(1,188)(912)(946)(1,500)(300)
Gross profit: (245)(915)(312)(201)(264)383
Operating expenses (49,380)(42,572)(44,495)(51,852)(92,637)(112,164)
Other undisclosed operating income     1,500300
Operating loss: (49,625)(43,487)(44,807)(52,053)(91,401)(111,481)
Nonoperating income (expense) (1,556)(1,244)1321,6851,271898
Interest and debt expense (1,599)(1,570)(1,591)(4)  
Loss from continuing operations: (52,780)(46,301)(46,266)(50,372)(90,130)(110,583)
Loss before gain (loss) on sale of properties:(52,780)(46,301)(46,266)(50,372)(90,130)(110,583)
Other undisclosed net income 1,5991,5701,5914  
Net loss available to common stockholders, diluted: (51,181)(44,731)(44,675)(50,368)(90,130)(110,583)

Comprehensive Income ($ in thousands)

9/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss: (51,181)(44,731)(44,675)(50,368)(90,130)(110,583)
Comprehensive loss: (51,181)(44,731)(44,675)(50,368)(90,130)(110,583)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (1)(10)3477(59)(41)
Comprehensive loss, net of tax, attributable to parent: (51,182)(44,741)(44,641)(50,291)(90,189)(110,624)

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.

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