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Omeros Corporation Reports Fourth Quarter and Year-End 2012 Financial Results
Date:3/18/2013

 OMEROS CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except share and per share data)Three Months EndedTwelve Months EndedDecember 31,December 31,2012201120122011(unaudited)Revenue

$
,583

$
,143

$
,022

$
4,524Operating expenses:Research and development

9,354

8,895

31,922

23,718General and administrative

3,715

2,095

10,985

8,216Litigation settlement

-

-

3,953

-Litigation recovery

(3,953)

-

(3,953)

-Total operating expenses

9,116

10,990

42,907

31,934Loss from operations

(7,533)

(9,847)

(36,885)

(27,410)Investment income

8

11

40

51Interest expense

(369)

(536)

(1,729)

(1,884)Other income, net

160

171

130

697Net loss

$
(7,734)

$
(10,201)

$
(38,444)

$
(28,546)Basic and diluted net loss per share

$
(0.30)

$
(0.46)

$
(1.59)

$
(1.29)Weighted-average shares used to compute basic and diluted net loss per share

25,886,586

22,378,753

24,155,690

22,212,351OMEROS CORPORATIONCONSOLIDATED BALANCE SHEET DATA(In thousands)December 31,December 31,20122011Cash and cash equivalents and short-term investments

$
22,350

$
24,570Total assets

26,575

26,982Total notes payable

20,103

19,446Total current liabilities

9,318

18,985Accumulated deficit

(214,577)

(176,133)Total shareholders' (deficit) equity

(6,531)

(5,554) 


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SOURCE Omeros Corporation
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