- Otonomy press release (NASDAQ:OTIC): Q1 GAAP EPS of -$0.20.
- Cash, cash equivalents, and short-term investments totaled $62.9 million as of March 31, 2022, compared to $77.4 million as of December 31, 2021.
- Outlook: Otonomy expects that GAAP operating expenses will be in the range of $52-$54 million, and that non-GAAP operating expenses will be in the range of $42-$44 million.
- Cash Runway Guidance: Otonomy expects that its current cash, cash equivalents, and short-term investments will be sufficient to fund company operations into the second half of 2023.