OmniAb, Inc. Stock Price, News & Analysis

OmniAb (NASDAQ: OABI) will announce its fourth quarter and full-year 2024 financial results on March 18, 2025, after the U.S. financial markets close. The company will also hold a conference call on the same day at 4:30 p.m. Eastern time to discuss the results.

OmniAb (NASDAQ: OABI) has announced its participation in two major investor conferences in March. The company will attend the TD Cowen 45th Annual Health Care Conference from March 3-5 at the Boston Marriott Copley Place, where management will deliver a corporate overview on March 4th at 2:30 p.m. Eastern time and conduct one-on-one investor meetings.

Additionally, OmniAb will participate in the 2025 Leerink Partners Global Healthcare Conference from March 9-12 at the W Hotel South Beach in Miami, with management scheduled for one-on-one investor meetings on March 12th.

OmniAb (NASDAQ: OABI) presented two key technologies at the 2024 Antibody Engineering & Therapeutics Conference in San Diego. The first presentation showcased the company's workflow for building multispecifics, including CD3 T cell and NK cell engagers, highlighting their naturally optimized human sequence immune repertoires and AI-augmented single B cell workflows. The second presentation introduced OmniHub™, a high-dimensional unified bioinformatics portal designed to enhance partner experience through scalable data transfer, advanced visualization, and comprehensive tool access.

The company demonstrated how they discovered developable anti-NKp46 binders with broad epitope coverage, utilizing high-throughput phenotypic screening enhanced with AI-guided next-generation sequencing workflow to identify high-quality leads without extensive ex vivo engineering.

OmniAb (NASDAQ: OABI) reported its Q3 2024 financial results, with revenue dropping to $4.2M from $5.5M in Q3 2023, primarily due to timing of milestones and lower ion channel service revenue. R&D expenses decreased to $13.3M from $13.9M, and G&A expenses fell to $7.1M from $8.5M. Net loss stood at $16.4M, or $0.16 per share, compared to a net loss of $15.7M, or $0.16 per share, in Q3 2023. For the nine months ending September 30, 2024, revenue was $15.6M, down from $29.3M, attributed to a prior $10M milestone. Net loss for this period was $49M, or $0.48 per share, compared to $36.6M, or $0.37 per share, in 2023. OmniAb had $59.4M in cash and short-term investments as of September 30, 2024. The company entered new platform license agreements and expanded partnerships, with 86 active partners and 352 active programs. OmniAb anticipates ending 2024 with a cash balance of $50M-$60M.

OmniAb (NASDAQ: OABI) announced its participation in two major investor conferences in November. The company will attend the Stifel 2024 Healthcare Conference at the Lotte New York Palace Hotel on November 18-19, where CFO Kurt Gustafson will conduct one-on-one investor meetings. Additionally, CEO Matt Foehr will participate in the Jefferies London Healthcare Conference at the Waldorf Hilton from November 19-21, engaging in one-on-one and small-group investor meetings.

OmniAb, Inc. (NASDAQ: OABI) has announced that it will report its financial results for the third quarter of 2024 on Tuesday, November 12, 2024. The company will release the results after the close of U.S. financial markets and will host a conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) on the same day.

Interested parties can access the conference call via phone using the following numbers:

• U.S.: (800) 549 8228
• International: (289) 819 1520
• Conference ID: 94399

Additionally, a live webcast of the call, including slides, will be available. A replay of the webcast will also be accessible after the call.

OmniAb (NASDAQ: OABI) has announced its participation in two upcoming investor conferences in September. The company will be present at the H.C. Wainwright 26th Annual Global Investment Conference from September 9-11 in New York City, where management will deliver a corporate presentation on September 10th at 2:30 p.m. Eastern Time. Additionally, OmniAb will take part in the Craig-Hallum Bioprocessing Virtual Conference on September 19th, featuring a fireside chat.

At both events, OmniAb's management team will engage in one-on-one meetings with investors, providing opportunities for direct interaction and discussions about the company's progress and future plans. These conferences offer valuable platforms for OmniAb to showcase its developments and connect with the investment community.

OmniAb, (NASDAQ: OABI), reported financial results for Q2 2024. Revenue was $7.6M, up from $6.9M in Q2 2023. R&D expenses were $13.9M, slightly down from $14.1M in Q2 2023. General and admin expenses decreased to $8M from $8.7M. The net loss was $13.6M, improved from $14.7M last year.

For the first half of 2024, revenue was $11.4M, down from $23.9M in the same period in 2023. The net loss for the period was $32.6M, compared to $20.8M in 2023. As of June 30, OmniAb had cash and equivalents of $57.2M.

OmniAb signed new platform license agreements and expanded partnerships, with 83 active partners and 333 active programs. Significant progress includes Immunovant's advancement of IMVT-1402 and Harbour Biomed's batoclimab resubmission in China.

OmniAb expects 2024 operating expenses to be slightly less than 2023, with cash use similar, excluding a $35M milestone payment. Cash use in 2025 is expected to be lower.

OmniAb, Inc. (NASDAQ: OABI) has announced that it will release its financial results for the second quarter of 2024 on Thursday, August 8, 2024, after the U.S. financial markets close. The company will also host a conference call and webcast on the same day at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss the results and provide business updates. Interested parties can access the call using the provided U.S. and international phone numbers, with the conference ID 01718. A live webcast and replay of the call, along with accompanying slides, will be available on the company's website.