Omeros Corporation Reports First Quarter 2020 Financial Results

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Go back to Omeros Corporation Reports First Quarter 2020 Financial Results

Omeros (OMER) Misses Q1 EPS by 19c, Revenues Miss

May 11, 2020 4:48 PM EDT

Omeros (NASDAQ: OMER) reported Q1 EPS of ($0.53), $0.19 worse than the analyst estimate of ($0.34). Revenue for the quarter came in at $23.5 million versus the consensus estimate of $30.27 million.

Financial results for the first quarter ended March 31, 2020, which include:

Revenues for the first quarter of 2020 were $23.5 million, compared to $21.8 million and $33.4 million in the first and fourth quarters of 2019, respectively. The decrease from the fourth quarter of 2019 reflects the COVID-19-related postponement of cataract procedures by ASCs and hospitals in early March.Net loss in the first quarter of 2020 was $29.0 million, or... More