OMEROS CORP
For the period ended Mar 31, 2024. Filed May 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
OMER$17.30-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| | Three Months Ended March 31, | |||
|---|---|---|---|---|
| · 2024 · 2023 | ||||
| Operating activities: · · | ||||
| Net loss | $(37,184) | $(33,701) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | |||
| Stock-based compensation expense | 2,658 | 2,953 | ||
| Non-cash interest on convertible notes and royalty obligations | 1,387 | 477 | ||
| Depreciation and amortization | 204 | 186 | ||
| Non-cash interest earned on OMIDRIA contract royalty asset | (4,343) | (3,925) | ||
| Remeasurement on OMIDRIA contract royalty asset | (2,339) | (1,677) | ||
| Accretion on U.S. government treasury bills, net | (1,893) | (2,316) | ||
| Changes in operating assets and liabilities: | | |||
| OMIDRIA contract royalty asset | 9,363 | 9,203 | ||
| Receivables | 454 | 203,188 | ||
| Prepaid expenses and other | (5,090) | (582) | ||
| Accounts payable and accrued expense | (4,997) | 733 | ||
| Net cash provided by (used in) operating activities | (41,780) | 174,539 | ||
| Investing activities: | ||||
| Purchases of investments and other | (487,554) | (523,941) | ||
| Proceeds from the sale and maturities of investments | 425,687 | 342,610 | ||
| Purchases of property and equipment | (58) | — | ||
| Net cash used in investing activities | (61,925) | (181,331) | ||
| Financing activities: | ||||
| Proceeds from sale of future royalties | 115,525 | — | ||
| Repurchases on common stock | (11,851) | — | ||
| Principal payments on OMIDRIA royalty obligation | (5,141) | (278) | ||
| Principal payments on finance lease obligations | (134) | (110) | ||
| Proceeds upon exercise of stock options | 32 | — | ||
| Net cash provided by (used in) financing activities | 98,431 | (388) | ||
| Net decrease in cash and cash equivalents | (5,274) | (7,180) | ||
| Cash and cash equivalents at beginning of period | 7,105 | 11,009 | ||
| Cash and cash equivalents at end of period | $1,831 | $3,829 | ||
| | | | ||
| Supplemental cash flow information | ||||
| Cash paid for interest | $7,152 | $7,933 | ||
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