Omega Therapeutics, Inc. operates as a development-stage biopharmaceutical company. Its OMEGA Epigenomic Programming platform is designed to coopt nature's operating system by harnessing the power of epigenetics, the mechanism for gene control and cell differentiation. The company is developing omega epigenomic controller (OEC) candidates to up-regulate the expression of HNF4a, a transcriptional master regulator as a potential way to restore liver-cell function in patients suffering from chronic liver diseases; to control the expression of genes that have been strongly linked to cell-growth inhibition in patients with diabetes and other conditions to restore the capacity for corneal regeneration; to down-regulate expression of the CXCL1, 2, 3, and IL-8 gene cluster; to control expression of genes implicated in patients with idiopathic pulmonary fibrosis to halt or reverse disease progression and improve disease outcomes; to down-regulate the expression of SFRP1, a protein that inhibits hair growth; and to treat non-small cell lung cancer and small cell lung cancer. It is also developing OTX-2002 to down-regulate c-Myc, an oncogene. The company was incorporated in 2016 and is headquartered in Cambridge, Massachusetts.
Revenue of Omega Therapeutics, Inc. (OMGA)
Revenue in 2023 (TTM): $3.09 M
According to Omega Therapeutics, Inc.'s latest financial reports the company's current revenue (TTM) is $3.09 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Omega Therapeutics, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $3.09 M | $-62,775,000 | $-93,490,000 | $-97,428,000 | $-97,428,000 |
| 2022 | $2.07 M | $-3,117,000 | $-97,576,000 | $-102,701,000 | $-102,636,000 |
| 2021 | $144 K | $-1,243,000 | $-64,644,999 | $-68,280,000 | $-69,162,000 |
| 2020 | $ | $-1,146,000 | $-27,499,000 | $-29,447,000 | $-30,199,000 |
| 2019 | $ | $-794,000 | $-16,545,000 | $-17,945,000 | $-18,529,000 |