As We See It

by Jim Schutz, Oculus CEO

The team has had a busy Spring:

• We added several new products
• We increased our international footprint
• We completed our reverse split, eliminating the NASDAQ delisting issue, 
• Our new surgical and trauma company, Ruthigen, is making terrific progress towards their goals and objectives, and
• We added a new well-qualified board member with a great science and sales background.

By Jim Schutz, Oculus CEO

Our founder & CEO, Hoji Alimi, has for years generously asked for my advice to help create long-term shareholder value at Oculus. Hoji and the board recently asked me to stop “with the free advice” and step up as the new CEO—an opportunity, by the way, which I treasure as once-in-a-lifetime chance.

During the first hundred days of this transition, my hope is to report back to you—our shareholders—regularly, via this column.  Over the next few months, please stay tuned as we further detail our strategies, our wins, as well as the challenges ahead.

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By Hoji Alimi
Oculus Founder and CEO

In the past few weeks, I’ve been busy communicating with our shareholders regarding two most positive events.  The first was our first quarter fiscal year 2013 earning report issued on August 2^nd in which we reported record revenues of $4.1 million for the quarter (significantly surpassing our guidance of greater than $3.3 million) and a 41% increase over the same quarter of fiscal year 2012—leaving us just $22,000 shy of EBITDAS break even.  Exciting quarterly growth, especially in the United States where we experienced a 141% revenue increase over the previous year’s quarter, primarily due to the introduction of new Microcyn-based dermatology products by our U.S. partners.   It is reassuring to see that our global partnering strategy has put us squarely on the track headed towards profitability.

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By Jim Schutz, COO

In late 2008, as the economy was faltering and cash at Oculus was running thin, our CEO, Hoji Alimi, CFO Bob Miller and I locked ourselves into a window-less office at our headquarters in Northern California, turned off our phones, closed our laptops and stood before a white board to chart our course.  Our stock price was at an all-time low, our access to cash to fund operations was non-existent (across all industries as you may recall) and we had to right the ship. Read More »

By Jim Schutz
Oculus COO

Last week, we released our earnings for the quarter ending June 30, 2010 and have received lots of feedback from our shareholders and analysts.  Several highlights:

• We hit our numbers for the 6th quarter in a row on both revenue and operating expenses,
• Our cash position is healthy, and
• We’ve converted from a one compound company into a commercial stage enterprise with more than 20 products in the market, just in the US.

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As part of my responsibilities as the CEO of Oculus, I attend various financial conferences where we present the Oculus story to investment funds or institutions.  Just this week, we attended an annual growth stock conference in Southern California.  We presented to a room full of investors (you can view/hear the presentation by visiting http://www.wsw.com/webcast/roth23/ocls/ ) and then followed with a series of one-on-one meetings for 30-minutes or so with individual fund managers.

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