What caused OCUL's Q3 earnings to fall short of forecasts?

Ocular Therapeutix's (OCUL) Q3 earnings fell short of forecasts due to several factors:

1. **Revenue Shortfall**: The company reported total net revenue of $15.4 million for Q3 2024, a 2.3% increase over the previous year's $15.1 million. However, this was below the expected revenue. This shortfall can be attributed to lower-than-anticipated sales of their products.
2. **Increased R&D Expenses**: Ocular Therapeutix has been investing heavily in research and development (R&D), with R&D expenses rising to $20.7 million in Q1 2024, up from $14.7 million in the same period in 2023. These increased expenses, although necessary for long-term growth, can temporarily strain financial performance.
3. **Strategic Financial Maneuvers**: The company's focus on strategic financial maneuvers, such as a substantial net loss of $64.8 million in Q1 2024, has impacted short-term profitability. These maneuvers, including significant investments in clinical trials, are crucial for long-term growth but can affect immediate earnings.

In summary, OCUL's Q3 earnings fell short due to lower-than-expected revenue from product sales and increased expenses related to R&D and strategic financial maneuvers.