OABI
OmniAb, Inc.2.0500
+0.0200+0.99%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details new tech traction
Q&A reinforced the scripted optimism on partner momentum amid biotech funding wobbles, attributing sustained program adds to new tech like OmniUltra and xPloration. Management revealed two xPloration instruments deployed by year-end, with top partners driving demand for its high-throughput consumables and subscriptions; OmniUltra already has multiple partner programs since its December launch, opening peptide and radiopharma doors. No cash flow breakeven date given, but trajectory affirmed. Path stays lean on expenses. Watch platform ramps and 2026 milestones.
Key Stats
Market Cap
295.11MP/E (TTM)
-Basic EPS (TTM)
-0.59Dividend Yield
0%Recent Filings
10-K
FY2025 results
OmniAb's FY2025 revenue fell 29% to $18.7M from $26.4M, with license/milestone down 30% on lumpy milestones and service revenue off 39% from completed ion channel programs, yet royalty revenue rose 52% on stronger China sales. Q4 momentum faltered as annual net loss widened to $64.8M from $62.0M amid $3.9M impairments on underused ion channel assets and $12.9M intangibles amortization, while R&D spend dropped 13% on lower headcount. Cash burned $36M in operations but $54M liquidity endures post-$30M PIPE; no debt or buybacks. No FY2026 guidance disclosed. Partners could deprioritize programs.
8-K
Q4 revenue dips, 2026 guidance issued
OmniAb reported Q4 2025 revenue of $8.4 million, down from $10.8 million in 2024 due to lower license and service revenue, yet full-year revenue hit $18.7 million amid portfolio growth to 107 partners and 407 programs. Cash stood at $54 million; 2026 guidance projects $25-30 million revenue against $80-85 million costs. OmniUltra launched, bolstering tech edge. Pipeline advances promise milestones.
8-K
Bylaws amended for proxy rules
OmniAb amended its bylaws on January 30, 2026, to comply with SEC universal proxy rules and tighten stockholder nomination procedures. Changes bar proxy solicitations for non-Board nominees without Rule 14a-19 compliance and demand detailed disclosures on proposing stockholders and nominees. Bylaws modernized. Routine governance tweak.
8-K
Q3 revenue drops, costs cut
OmniAb reported Q3 2025 revenue of $2.2M, down from $4.2M last year due to lower milestones and completed ion channel services, yet trimmed R&D to $10.4M from $13.3M. Net loss held steady at $16.5M. New licenses with A*Star, Leeds, and Dana-Farber boosted 104 partners, 399 programs. Cash hit $59.5M post-$28M net private placement; guides 2025 revenue $18M-$22M.
10-Q
Q3 FY2025 results
OmniAb's Q3 revenue fell 46% y/y to $2.2M, driven by lower license/milestone and service revenue, yet operating loss narrowed to $18.1M from $19.8M as R&D expenses dropped 22% on reduced personnel and external costs. YTD revenue declined 34% to $10.3M, with operating loss improving to $53.2M from $58.6M; net loss widened slightly to $50.6M versus $49.0M due to lower tax benefit. Cash burn eased, with operating cash use at $30.8M YTD versus $35.8M, bolstered by August's $28M PIPE raising shares to 144M; quarter-end cash plus short-term investments hit $59.5M, no debt. Sold ion channel asset in May for $3M gain. Partners grew to 104 with 399 programs. Recent drug pricing reforms pose reimbursement risks.
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