OMNIAB INC C/WTS (TO PUR COM) | 10-Q: FY2025 Q3 Revenue: USD 2.239 M

Revenue: As of FY2025 Q3, the actual value is USD 2.239 M.

EPS: As of FY2025 Q3, the actual value is USD -0.14.

EBIT: As of FY2025 Q3, the actual value is USD -18.6 M.

Segment Revenue

• License and Milestone Revenue: $616,000 for the three months ended September 30, 2025, a decrease of 55% from $1,375,000 in the same period in 2024. For the nine months ended September 30, 2025, revenue was $3,879,000, a decrease of 26% from $5,216,000 in 2024.
• Service Revenue: $1,188,000 for the three months ended September 30, 2025, a decrease of 52% from $2,479,000 in the same period in 2024. For the nine months ended September 30, 2025, revenue was $5,027,000, a decrease of 47% from $9,416,000 in 2024.
• xPloration Revenue: $74,000 for the three months ended September 30, 2025, with no revenue in the same period in 2024. For the nine months ended September 30, 2025, revenue was $724,000, with no revenue in 2024.
• Royalty Revenue: $361,000 for the three months ended September 30, 2025, an increase of 14% from $318,000 in the same period in 2024. For the nine months ended September 30, 2025, revenue was $660,000, a decrease of 31% from $955,000 in 2024.

Operational Metrics

• Net Loss: $16,525,000 for the three months ended September 30, 2025, compared to $16,373,000 in the same period in 2024. For the nine months ended September 30, 2025, net loss was $50,600,000, compared to $48,965,000 in 2024.
• Research and Development Expenses: $10,379,000 for the three months ended September 30, 2025, a decrease of 22% from $13,318,000 in the same period in 2024. For the nine months ended September 30, 2025, expenses were $33,845,000, a decrease of 19% from $41,804,000 in 2024.
• General and Administrative Expenses: $6,777,000 for the three months ended September 30, 2025, a decrease of 4% from $7,079,000 in the same period in 2024. For the nine months ended September 30, 2025, expenses were $22,376,000, a decrease of 4% from $23,381,000 in 2024.

Cash Flow

• Net Cash Used in Operating Activities: -$30,781,000 for the nine months ended September 30, 2025, compared to -$35,792,000 in 2024.
• Net Cash Provided by Investing Activities: $3,756,000 for the nine months ended September 30, 2025, compared to $37,499,000 in 2024.
• Net Cash Provided by Financing Activities: $27,964,000 for the nine months ended September 30, 2025, compared to $9,171,000 in 2024.

Future Outlook and Strategy

• Core Business Focus: OmniAb plans to continue investing in research and development to improve its technology platform and expand its market presence. The company expects its existing cash, cash equivalents, and short-term investments to support operations through at least the next 12 months.
• Non-Core Business: The company completed a private placement in August 2025, raising approximately $30 million, and has an ATM offering program with $88.3 million available for future sales.