Financial PerformanceOmniAb reported revenue of $3.9 million compared to an estimate of $5.4 million, indicating a shortfall in expected financial performance.
Revenue ChallengesQ2 revenues of $3.9M included OABI's first xPloration revenues, but overall revenues declined by 49% year over year, highlighting a significant drop in sales.
Revenue GuidanceManagement reaffirmed FY25 revenues guidance with a potential downside, citing challenges in predicting drug discovery partner revenues.