OMEROS CORP
For the period ended Jun 30, 2024. Filed Aug 7, 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.
Jun 30, 2024 · Filed Aug 7, 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)
| | Six Months Ended June 30, | |||
|---|---|---|---|---|
| · 2024 · 2023 | ||||
| Operating activities: · · | ||||
| Net loss | $(93,225) | $(70,995) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | |||
| Stock-based compensation expense | 5,426 | 5,724 | ||
| Non-cash interest earned on royalty obligation | 1,806 | — | ||
| Amortization of discount and issuance costs on convertible notes | 569 | 959 | ||
| Depreciation and amortization | 412 | 518 | ||
| Amortization of non-cash interest and issuance costs on long-term debt | 115 | — | ||
| Non-cash interest earned on OMIDRIA contract royalty asset | (8,614) | (7,754) | ||
| Remeasurement of OMIDRIA contract royalty asset | (6,653) | (4,824) | ||
| Accretion on U.S. government treasury bills, net | (3,412) | (5,090) | ||
| Changes in operating assets and liabilities: | | |||
| OMIDRIA contract royalty asset | 20,283 | 19,914 | ||
| Prepaid expenses and other | 1,890 | (1,044) | ||
| Receivables | 16 | 202,031 | ||
| Accounts payable and accrued expense | (6,378) | 2,759 | ||
| Net cash provided by (used in) operating activities | (87,765) | 142,198 | ||
| Investing activities: | ||||
| Purchases of investments | (626,051) | (662,738) | ||
| Proceeds from the sale and maturities of investments | 637,414 | 517,057 | ||
| Purchases of property and equipment | (138) | (275) | ||
| Net cash provided by (used in) investing activities | 11,225 | (145,956) | ||
| Financing activities: | ||||
| Proceeds from sale of future royalties | 115,525 | — | ||
| Proceeds upon exercise of stock options | 35 | 97 | ||
| Cash paid to repurchase 2026 convertible senior notes | (21,179) | — | ||
| Repurchases of common stock | (11,851) | — | ||
| Principal payments on OMIDRIA royalty obligation | (10,700) | (467) | ||
| Principal payments on finance lease obligations | (275) | (278) | ||
| Net cash provided by (used in) financing activities | 71,555 | (648) | ||
| Net increase in cash and cash equivalents | (4,985) | (4,406) | ||
| Cash and cash equivalents at beginning of period | 7,105 | 11,009 | ||
| Cash and cash equivalents at end of period | $2,120 | $6,603 | ||
| | | | ||
| Supplemental cash flow information | ||||
| Cash paid for interest | $14,945 | $15,865 | ||
| Cash paid (received) for income taxes, net | $(144) | $3,776 | ||
| Equipment acquired under finance lease | $369 | $500 | ||
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