OTIC - Otonomy GAAP EPS of -$0.20

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.

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Otonomy GAAP EPS of -$0.20