Why Omeros’s Revenue Surged
Omeros (OMER) generated total revenue of $64.8 million in fiscal 2017, compared with $41.6 million in fiscal 2016. Between fiscal 2016 and fiscal 2017, Omeros’s product sale costs fell to $1 million from $1.4 million, and its SG&A (selling, general and administrative expenses) rose to $52 million from $43.7 million.