OmniAb reports Q3 EPS (14c), consensus (14c)

Reports Q3 revenue $2.2M, consensus $5.6M. “Throughout the third quarter we continued to execute on our strategic initiatives while further demonstrating the value of our proprietary technology platform to a growing base of partners. The number of new program additions so far this year has significantly outpaced last year, bolstering our partnered pipeline and creating potential sources of enduring value within our portfolio. Importantly, OmniAb’s (OABI) innovative technology platform and operational model allow for partner and program additions within an increasingly efficient and lean cost structure,” said Matt Foehr, Chief Executive Officer of OmniAb. “In August we completed a private placement and strengthened our balance sheet while continuing to expand our suite of leading-edge technologies. We look forward to next month’s launch of OmniUltra(TM), an important new technology that we expect will expand our platform and open new business opportunities.”