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Clearside Biomedical, Inc.

clearsidebio.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2025 10-Q, filed Nov 14, 2025. Its latest SEC filing is a 15-12G from Jan 7, 2026.

The sections below describe the company as of the FY2024 annual report.

What Did They Do?

Develops small-molecule eye therapies and an injection device for delivering drugs to the back of the eye, and licenses the platform to companies developing eye treatments.

How Did They Make Money?

Licensees pay upfront fees, milestone payments and royalties on future product sales, and may also pay for SCS Microinjector devices and support; payment timing follows each contract’s billing schedule.

revenue
SegmentShareRevenue
License
102%
FY2021: 100%
Product and Service
42%
Training Materials and Clinical Trial Products
54%

Who Were Their Customers?

Other companies developing ophthalmic therapies work with Clearside through license and collaboration agreements for the SCS technology; Bausch + Lomb launched XIPERE in the United States.

Did Revenues Turn Into Profits?

No. It lost $34.4M in FY2024.

Operating income, FY2024
−1736% of revenue
▲ +16% (Loss) vs FY2023 (−$24.8M, −302%)
Net income, FY2024
−2064% of revenue
▲ +6% (Loss) vs FY2023 (−$32.5M, −395%)
Free cash flow, FY2024
−1543% of revenue
▲ +29% (Loss) vs FY2023 (−$19.9M, −242%)

How Were They Changing?

Since the FY2024 annual report
Latest quarter: Q3 FY2025, the three months to Sep 30, 2025
Revenue
▼ −81%
vs $1M in Q3 FY2024
Net income
▼ −22% (Loss)
vs −$7.7M in Q3 FY2024
  • Dec 29, 2025 Court approves bidding rules for proposed asset sale Health Ocean was designated as the minimum bidder; higher or better offers may compete for substantially all assets.
  • Dec 8, 2025 Files to remove its common stock from Nasdaq Trading was suspended on Nasdaq and the shares began trading on the OTC Pink Limited Market.
  • Nov 25, 2025 Files for Chapter 11 and seeks sale of substantially all assets The company said it would continue operating under court oversight while seeking a sale to the highest bidder.

Shrank. Revenue fell 79% in 4 years, from $7.9M in FY2020 to $1.7M in FY2024, about 32% a year.

Pipeline focus The older report described gene therapy as a research direction and said the company would seek partners; the latest describes its internal research as focused on small molecules.

Revenue over time
License Product and Service Training Materials and Clinical Trial Products
$50M$25M$0

Who Did They Compete With?

Competes with Bristol-Myers Squibb, Harrow, Allergan, Bausch, Alimera, Oxular, Regeneron, Pfizer, Genentech, Novartis, Ocular Therapeutics, Eyepoint, REGENXBIO, Adverum, 4D Molecular Therapeutics, Everads Therapy, and Uneedle

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