2024 Q2 Form 10-Q Financial Statement
#000143774924017047 Filed on May 15, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $13.81M | $12.26M | $11.10M |
YoY Change | 22.63% | 10.46% | 1.31% |
% of Gross Profit | |||
Research & Development | $45.35M | $26.77M | $24.61M |
YoY Change | 53.0% | 8.78% | 2.17% |
% of Gross Profit | |||
Depreciation & Amortization | $200.0K | $204.0K | $186.0K |
YoY Change | -39.76% | 9.68% | -33.09% |
% of Gross Profit | |||
Operating Expenses | $59.16M | $39.03M | $24.61M |
YoY Change | 99.59% | 58.61% | 2.17% |
Operating Profit | -$59.16M | -$39.03M | -$35.71M |
YoY Change | 44.64% | 9.3% | 1.9% |
Interest Expense | $9.215M | $8.231M | $7.933M |
YoY Change | 16.17% | 3.76% | 60.55% |
% of Operating Profit | |||
Other Income/Expense, Net | $3.247M | $3.415M | $3.963M |
YoY Change | -28.43% | -13.83% | 703.85% |
Pretax Income | -$65.13M | -$43.85M | -$39.68M |
YoY Change | 47.03% | 10.5% | 0.48% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$56.04M | -$37.18M | -$33.70M |
YoY Change | 50.24% | 10.34% | 2.09% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.97 | -$0.63 | -$0.54 |
Diluted Earnings Per Share | -$0.96 | -$0.63 | -$0.54 |
COMMON SHARES | |||
Basic Shares Outstanding | 57.94M | 57.94M | 62.83M |
Diluted Shares Outstanding | 62.83M |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $158.9M | $230.3M | $371.5M |
YoY Change | -53.43% | -38.01% | 161.21% |
Cash & Equivalents | $2.120M | $1.831M | $3.800M |
Short-Term Investments | $156.8M | $228.5M | $367.7M |
Other Short-Term Assets | $6.273M | $13.46M | $6.708M |
YoY Change | -10.4% | 100.7% | -12.0% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $36.47M | $36.51M | $38.67M |
Other Receivables | $1.274M | $656.0K | $302.0K |
Total Short-Term Assets | $202.9M | $281.0M | $417.0M |
YoY Change | -47.77% | -32.63% | 98.38% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.034M | $1.804M | $22.36M |
YoY Change | -90.76% | -91.93% | -8.22% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.054M | $1.054M | $1.054M |
YoY Change | 0.0% | 0.0% | 0.0% |
Total Long-Term Assets | $153.4M | $156.5M | $143.1M |
YoY Change | 10.46% | 9.39% | -10.03% |
TOTAL ASSETS | |||
Total Short-Term Assets | $202.9M | $281.0M | $417.0M |
Total Long-Term Assets | $153.4M | $156.5M | $143.1M |
Total Assets | $356.3M | $437.5M | $560.1M |
YoY Change | -32.44% | -21.89% | 51.69% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $6.502M | $6.182M | $6.446M |
YoY Change | -31.93% | -4.1% | -12.24% |
Accrued Expenses | $27.97M | $28.40M | $30.82M |
YoY Change | -6.13% | -7.85% | 29.52% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $19.43M | $19.13M | $97.50M |
YoY Change | -80.47% | -80.38% | |
Total Short-Term Liabilities | $59.48M | $59.06M | $139.2M |
YoY Change | -58.56% | -57.57% | 296.94% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $403.7M | $430.9M | $344.3M |
YoY Change | 17.89% | 25.17% | 9.67% |
Other Long-Term Liabilities | $17.72M | $18.84M | $21.74M |
YoY Change | -15.29% | -13.33% | -13.8% |
Total Long-Term Liabilities | $421.4M | $449.8M | $366.0M |
YoY Change | 15.98% | 22.88% | 7.93% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $59.48M | $59.06M | $139.2M |
Total Long-Term Liabilities | $421.4M | $449.8M | $366.0M |
Total Liabilities | $480.9M | $508.8M | $505.2M |
YoY Change | -5.13% | 0.72% | 35.01% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$846.8M | -$790.7M | -$669.4M |
YoY Change | 19.82% | 18.12% | -6.52% |
Common Stock | $722.2M | $719.4M | $724.4M |
YoY Change | -0.7% | -0.69% | 1.85% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$124.6M | -$71.33M | $54.94M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $356.3M | $437.5M | $560.1M |
YoY Change | -32.44% | -21.89% | 51.69% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$56.04M | -$37.18M | -$33.70M |
YoY Change | 50.24% | 10.34% | 2.09% |
Depreciation, Depletion And Amortization | $200.0K | $204.0K | $186.0K |
YoY Change | -39.76% | 9.68% | -33.09% |
Cash From Operating Activities | -$45.99M | -$41.80M | $174.5M |
YoY Change | 42.19% | -123.95% | -1248.56% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $80.00K | $58.00K | $0.00 |
YoY Change | -70.91% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $73.23M | -$61.87M | -$181.3M |
YoY Change | 105.41% | -65.88% | 136.07% |
Cash From Investing Activities | $73.15M | -$61.93M | -$181.3M |
YoY Change | 106.78% | -65.85% | 136.07% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -26.88M | $98.43M | -388.0K |
YoY Change | 10236.92% | -25468.81% | -340.99% |
NET CHANGE | |||
Cash From Operating Activities | -45.99M | -$41.80M | 174.5M |
Cash From Investing Activities | 73.15M | -$61.93M | -181.3M |
Cash From Financing Activities | -26.88M | $98.43M | -388.0K |
Net Change In Cash | 289.0K | -$5.274M | -7.180M |
YoY Change | -89.58% | -26.55% | -92.18% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$45.99M | -$41.80M | $174.5M |
Capital Expenditures | $80.00K | $58.00K | $0.00 |
Free Cash Flow | -$46.07M | -$41.86M | $174.5M |
YoY Change | 41.23% | -123.99% | -1248.56% |
Facts In Submission
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StockholdersEquity
|
-24983000 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
32000 | usd |
CY2024Q1 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
11851000 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2658000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-37184000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-71328000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
85684000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2953000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-33701000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
54936000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-37184000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-33701000 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2658000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2953000 | usd |
CY2024Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
1387000 | usd |
CY2023Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
477000 | usd |
CY2024Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
204000 | usd |
CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
186000 | usd |
CY2024Q1 | us-gaap |
Assets Fair Value Adjustment
AssetsFairValueAdjustment
|
-4343000 | usd |
CY2023Q1 | us-gaap |
Assets Fair Value Adjustment
AssetsFairValueAdjustment
|
-3925000 | usd |
CY2024Q1 | omer |
Interest On Contract Royalty Asset
InterestOnContractRoyaltyAsset
|
2339000 | usd |
CY2023Q1 | omer |
Interest On Contract Royalty Asset
InterestOnContractRoyaltyAsset
|
1677000 | usd |
CY2024Q1 | us-gaap |
Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
|
1893000 | usd |
CY2023Q1 | us-gaap |
Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
|
2316000 | usd |
CY2024Q1 | omer |
Increase Decrease In Contract Royalty Asset
IncreaseDecreaseInContractRoyaltyAsset
|
-9363000 | usd |
CY2023Q1 | omer |
Increase Decrease In Contract Royalty Asset
IncreaseDecreaseInContractRoyaltyAsset
|
-9203000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-454000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-203188000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
5090000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
582000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-4997000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
733000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-41780000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
174539000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
487554000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
523941000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
425687000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
342610000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
58000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
-0 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-61925000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-181331000 | usd |
CY2024Q1 | omer |
Proceeds From Sale Of Future Royalties
ProceedsFromSaleOfFutureRoyalties
|
115525000 | usd |
CY2023Q1 | omer |
Proceeds From Sale Of Future Royalties
ProceedsFromSaleOfFutureRoyalties
|
0 | usd |
CY2023Q4 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
164762000 | usd |
CY2024Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
11851000 | usd |
CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
-0 | usd |
CY2024Q1 | omer |
Principal Payments On Royalty Obligations
PrincipalPaymentsOnRoyaltyObligations
|
5141000 | usd |
CY2023Q1 | omer |
Principal Payments On Royalty Obligations
PrincipalPaymentsOnRoyaltyObligations
|
278000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
134000 | usd |
CY2023Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
110000 | usd |
CY2024Q1 | omer |
Proceeds From Stock Options And Warrants Exercised
ProceedsFromStockOptionsAndWarrantsExercised
|
32000 | usd |
CY2023Q1 | omer |
Proceeds From Stock Options And Warrants Exercised
ProceedsFromStockOptionsAndWarrantsExercised
|
0 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
98431000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-388000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-5274000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-7180000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
7105000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
11009000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1831000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
3829000 | usd |
CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
7152000 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
7933000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
230300000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-41800000 | usd |
CY2024Q1 | omer |
Equity Offering Facility Maximum Aggregate Offering Amount
EquityOfferingFacilityMaximumAggregateOfferingAmount
|
150000000 | usd |
CY2022Q4 | omer |
Percentage Of Royalty Receivable On Sale Of Product Rights
PercentageOfRoyaltyReceivableOnSaleOfProductRights
|
0.30 | pure |
CY2023Q1 | omer |
Percentage Of Interest Earned On Outstanding Contract Royalty Asset
PercentageOfInterestEarnedOnOutstandingContractRoyaltyAsset
|
0.11 | pure |
CY2024Q1 | us-gaap |
Debt Securities Available For Sale And Held To Maturity Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityFairValue
|
229537000 | usd |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Amortized Cost Current
DebtSecuritiesAvailableForSaleAmortizedCostCurrent
|
164743000 | usd |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
|
19000 | usd |
CY2024Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: left; text-indent: 9pt;"><i>Financial Instruments and Concentrations of Credit Risk</i></p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 8pt;text-indent:18pt;"> </p> <div style="font-size: 10pt; text-indent: 18pt;"> F <span style="font-size:10pt;">inancial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash, cash equivalents and short-term investments. Cash and cash equivalents are deposited in checking and sweep accounts at financial institutions. At times, our cash and cash equivalents balance held at a financial institution <em style="font: inherit;"> may </em>exceed the federally insured limits. To limit the credit risk, we invest our excess cash in high-quality securities such as money market mutual funds, certificates of deposit and U.S. treasury bills. The Company has <em style="font: inherit;">not</em> experienced any losses on its deposits of cash and cash equivalents. Management believes that the Company is <em style="font: inherit;">not</em> currently exposed to significant credit risk as the Company’s short-term investments are held in custody at <em style="font: inherit;">third</em>-party financial institutions. The Company’s investment policy limits investments to certain types of securities issued by the U.S. government, its agencies and institutions with investment-grade credit ratings and places restrictions on maturities and concentration by type and issuer. The Company is exposed to credit risk in the event of a default by the financial institutions holding its cash, cash equivalents and investments, and issuers of the investments to the extent recorded on the unaudited condensed consolidated balance sheets. As of <em style="font: inherit;"> March 31, 2024, </em>the Company has <em style="font: inherit;">no</em> off-balance sheet concentrations of credit risk.</span></div> | |
CY2024Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
11776805 | |
CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
17223451 | |
CY2024Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
2800000 | usd |
CY2023Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
3400000 | usd |
CY2024Q1 | us-gaap |
Debt Securities Available For Sale Amortized Cost Current
DebtSecuritiesAvailableForSaleAmortizedCostCurrent
|
228503000 | usd |
CY2024Q1 | us-gaap |
Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
|
-20000 | usd |
CY2024Q1 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
228483000 | usd |
CY2024Q1 | us-gaap |
Debt Securities Available For Sale And Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
|
229557000 | usd |
CY2024Q1 | us-gaap |
Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
|
-20000 | usd |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale And Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
|
165797000 | usd |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
|
19000 | usd |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale And Held To Maturity Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityFairValue
|
165816000 | usd |
CY2024Q1 | omer |
Royalty Receivable Current
RoyaltyReceivableCurrent
|
29519000 | usd |
CY2023Q4 | omer |
Royalty Receivable Current
RoyaltyReceivableCurrent
|
29373000 | usd |
CY2024Q1 | omer |
Royalty Receivable Noncurrent
RoyaltyReceivableNoncurrent
|
135909000 | usd |
CY2023Q4 | omer |
Royalty Receivable Noncurrent
RoyaltyReceivableNoncurrent
|
138736000 | usd |
CY2024Q1 | omer |
Contract Royalty Asset
ContractRoyaltyAsset
|
165428000 | usd |
CY2023Q4 | omer |
Contract Royalty Asset
ContractRoyaltyAsset
|
168109000 | usd |
CY2024Q1 | omer |
Royalty Receivable
RoyaltyReceivable
|
6986000 | usd |
CY2023Q4 | omer |
Royalty Receivable
RoyaltyReceivable
|
6724000 | usd |
CY2024Q1 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
656000 | usd |
CY2023Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
1372000 | usd |
CY2024Q1 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
7642000 | usd |
CY2023Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
8096000 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
12249000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
12191000 | usd |
CY2024Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
10445000 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
10241000 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1804000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1950000 | usd |
CY2024Q1 | us-gaap |
Depreciation
Depreciation
|
200000 | usd |
CY2024Q1 | omer |
Accrued Clinical Trial Costs
AccruedClinicalTrialCosts
|
9357000 | usd |
CY2023Q4 | omer |
Accrued Clinical Trial Costs
AccruedClinicalTrialCosts
|
10168000 | usd |
CY2024Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
8799000 | usd |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
7380000 | usd |
CY2024Q1 | omer |
Accrued Contract Research Costs
AccruedContractResearchCosts
|
5344000 | usd |
CY2023Q4 | omer |
Accrued Contract Research Costs
AccruedContractResearchCosts
|
6223000 | usd |
CY2024Q1 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
2308000 | usd |
CY2023Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
3539000 | usd |
CY2024Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
1417000 | usd |
CY2023Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
4242000 | usd |
CY2024Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
1177000 | usd |
CY2023Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
316000 | usd |
CY2024Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
28402000 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
31868000 | usd |
CY2024Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
3142000 | usd |
CY2023Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
3258000 | usd |
CY2024Q1 | omer |
Royalty Obligation Principal Payments Due Next Twelve Months
RoyaltyObligationPrincipalPaymentsDueNextTwelveMonths
|
14147000 | usd |
CY2024Q1 | omer |
Royalty Obligation Interest Payments Due Next Twelve Months
RoyaltyObligationInterestPaymentsDueNextTwelveMonths
|
16764000 | usd |
CY2024Q1 | omer |
Royalty Obligation Payments Due Next Twelve Months
RoyaltyObligationPaymentsDueNextTwelveMonths
|
30911000 | usd |
CY2024Q1 | omer |
Royalty Obligation Principal Payments Due Year Two
RoyaltyObligationPrincipalPaymentsDueYearTwo
|
20990000 | usd |
CY2024Q1 | omer |
Royalty Obligation Interest Payments Due Year Two
RoyaltyObligationInterestPaymentsDueYearTwo
|
20672000 | usd |
CY2024Q1 | omer |
Royalty Obligation Payments Due Year Two
RoyaltyObligationPaymentsDueYearTwo
|
41662000 | usd |
CY2024Q1 | omer |
Royalty Obligation Principal Payments Due Year Three
RoyaltyObligationPrincipalPaymentsDueYearThree
|
23991000 | usd |
CY2024Q1 | omer |
Royalty Obligation Interest Payments Due Year Three
RoyaltyObligationInterestPaymentsDueYearThree
|
18504000 | usd |
CY2024Q1 | omer |
Royalty Obligation Payments Due Year Three
RoyaltyObligationPaymentsDueYearThree
|
42495000 | usd |
CY2024Q1 | omer |
Royalty Obligation Principal Payments Due Year Four
RoyaltyObligationPrincipalPaymentsDueYearFour
|
27314000 | usd |
CY2024Q1 | omer |
Royalty Obligation Interest Payments Due Year Four
RoyaltyObligationInterestPaymentsDueYearFour
|
16032000 | usd |
CY2024Q1 | omer |
Royalty Obligation Payments Due Year Four
RoyaltyObligationPaymentsDueYearFour
|
43346000 | usd |
CY2024Q1 | omer |
Royalty Obligation Principal Payments Due Year Five
RoyaltyObligationPrincipalPaymentsDueYearFive
|
30991000 | usd |
CY2024Q1 | omer |
Royalty Obligation Interest Payments Due Year Five
RoyaltyObligationInterestPaymentsDueYearFive
|
13221000 | usd |
CY2024Q1 | omer |
Royalty Obligation Payments Due Year Five
RoyaltyObligationPaymentsDueYearFive
|
44212000 | usd |
CY2024Q1 | omer |
Royalty Obligation Principal Payments Due After Year Five
RoyaltyObligationPrincipalPaymentsDueAfterYearFive
|
119156000 | usd |
CY2024Q1 | omer |
Royalty Obligation Interest Payments Due After Year Five
RoyaltyObligationInterestPaymentsDueAfterYearFive
|
18857000 | usd |
CY2024Q1 | omer |
Royalty Obligation Payments Due After Year Five
RoyaltyObligationPaymentsDueAfterYearFive
|
138013000 | usd |
CY2024Q1 | omer |
Royalty Obligation Principal Payments Due
RoyaltyObligationPrincipalPaymentsDue
|
236589000 | usd |
CY2024Q1 | omer |
Royalty Obligation Interest Payments Due
RoyaltyObligationInterestPaymentsDue
|
104050000 | usd |
CY2024Q1 | omer |
Royalty Obligation Payments Due
RoyaltyObligationPaymentsDue
|
340639000 | usd |
CY2024Q1 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
1100000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1606000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1633000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
145000 | usd |
CY2023Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
118000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
56000 | usd |
CY2023Q1 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
51000 | usd |
CY2024Q1 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
916000 | usd |
CY2023Q1 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
790000 | usd |
CY2024Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
388000 | usd |
CY2023Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
375000 | usd |
CY2024Q1 | us-gaap |
Lease Cost
LeaseCost
|
2335000 | usd |
CY2023Q1 | us-gaap |
Lease Cost
LeaseCost
|
2217000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
1815000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
1780000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
179000 | usd |
CY2023Q1 | us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
152000 | usd |
CY2024Q1 | omer |
Longterm Purchase Commitment Termination Fee
LongtermPurchaseCommitmentTerminationFee
|
23300000 | usd |
CY2021Q1 | omer |
Equity Offering Facility Maximum Aggregate Offering Amount
EquityOfferingFacilityMaximumAggregateOfferingAmount
|
150000000 | usd |
CY2023Q4 | srt |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
50000000 | usd |
CY2024Q1 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
3200000 | |
CY2024Q1 | omer |
Stock Repurchased And Retired Average Price Per Share
StockRepurchasedAndRetiredAveragePricePerShare
|
3.71 | |
CY2024Q1 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
11900000 | usd |
us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
5000000 | ||
omer |
Stock Repurchased And Retired Average Price Per Share
StockRepurchasedAndRetiredAveragePricePerShare
|
3.3 | ||
CY2024Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2658000 | usd |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2953000 | usd |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
15255154 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
9.5 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
29800 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
3.5 | |
CY2024Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
9339 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
3.46 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
124317 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
7.91 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
15151298 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
9.5 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y10M24D | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
1894000 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
14712513 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
9.65 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P5Y9M18D | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
1746000 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
10966833 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
11.33 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P4Y8M12D | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
394000 | usd |
CY2024Q1 | us-gaap |
Share Price
SharePrice
|
3.45 |