OmniAb Inc (NAS:OABI)

Q1 2025 OmniAb Inc Earnings Call Transcript

May 8, 2025 / 08:30 PM GMT

Release Date Price: $1.57 (+2.61%)

Transcript 10-Q8-K

Key Points

Positve

OmniAb Inc (OABI) reported a revenue increase to $4.2 million in Q1 2025, up from $3.8 million in the same period in 2024.
The company has launched the Exploration Partner Access program, allowing partners to purchase exploration instruments for use in their own labs, potentially creating new revenue streams.
OmniAb Inc (OABI) has 95 active partners, including new deals with Harvard's Weiss Institute, Tus Biotech, and Orient Corporation.
The number of active programs grew to 378 by the end of Q1 2025, indicating strong momentum in program additions.
Operating expenses declined to $23 million from $26.4 million in the prior year period, reflecting cost management efforts.

Negative

Royalty revenue was lower in Q1 2025 compared to the same period in 2024.
The company reported a net loss of $18.2 million or $0.17 per share for Q1 2025.
Attrition in 11 programs was noted, mostly concentrated in the discovery stage.
The Exploration Partner Access program's revenue contribution is not included in the 2025 revenue guidance due to uncertainty in the number and timing of instrument sales.
Q1 is traditionally the largest cash use quarter, with $43.6 million in cash at the end of the quarter, indicating high cash outlay.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

OABI.OQ - OmniAB Inc
Q1 2025 OmniAb Inc Earnings Call
May 08, 2025 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and welcome to Omni Inc.s first quarter 2025 Financial Results and Business update conference call. At this time, all participants are in this anonymous.

A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded.

I would now like to turn the call over to Kurt Gustafson, Omniia Inc.s Chief Financial Officer. You may begin.

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Unidentified_2 [2]
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Thank you, operator, and good afternoon, everyone.

This is Kurt Gustafson. I'm the Chief Financial Officer and thank you all for

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