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Omeros Corporation Reports First Quarter 2011 Financial Results
Date:5/10/2011

ORATION(A Development Stage Company)CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except share and per share data)(unaudited)Three Months EndedMarch 31,20112010Grant revenue

$
,239

$
378Operating expenses:Research and development

5,425

5,082General and administrative

2,264

1,721Total operating expenses

7,689

6,803Loss from operations

(6,450)

(6,425)Investment income

17

17Interest expense

(293)

(452)Other income (expense), net

184

199Net loss

$
(6,542)

$
(6,661)Basic and diluted net loss per common share

$
(0.30)

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

22,056,590

21,293,985OMEROS CORPORATION(A Development Stage Company)CONSOLIDATED BALANCE SHEET DATA(In thousands)March 31,December 31,20112010(unaudited)Cash and cash equivalents and short-term investments

$
43,636

$
41,993Total assets

47,753

45,704Total notes payable

20,260

10,255Total current liabilities

15,023

15,374Deficit accumulated during the development stage

(154,129)

(147,587)Total shareholders’ equity

14,672

20,470
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SOURCE Omeros Corporation
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