Acucela Inc. announced that on March 24, 2015, Dewey h. Blocker, Jr. was appointed as the company's vice president of finance, secretary and treasurer and will serve as interim principal accounting officer and interim principal financial officer, effective march 24, 2015, under the terms of a letter agreement. Mr. blocker will oversee all finance operations until a new chief financial officer is appointed. Brian O'Callaghan will no longer serve as interim chief financial officer, secretary, and treasurer of the company effective march 24, 2015. Mr. O'Callaghan will continue to serve as the company's chief executive officer and president. Mr. Blocker joined the company in 2008 as Director of Finance and in 2010 was promoted to Senior Director of Finance.

The company announced non-consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenues from collaborations of USD 35,396,000 compared to USD 52,947,000 a year ago. Loss from operations was USD 188,000 compared to income from operations of USD 6,994,000 a year ago. Income before income tax was USD 353,000 compared to USD 7,182,000 a year ago. Net loss attributable to common shareholders was USD 2,006,000 or USD 0.06 per basic and diluted share compared to net income attributable to common shareholders of USD 1,161,000 or USD 0.09 per diluted share a year ago. Net cash provided by operating activities was USD 8,844,000 compared to USD 7,246,000 a year ago. Additions to property and equipment were USD 131,000 compared to USD 500,000 a year ago.

For the full year ending December 31, 2015, the company expects revenues from collaborations in the range of USD 33,200,000 to USD 35,700,000, loss from operations in the range of USD 9,575,000 to USD 12,000,000, loss before income tax in the range of USD 9,225,000 to USD 11,575,000 and net loss in the range of USD 9,350,000 to USD 11,650,000 or net loss per share in the range of USD 0.26 to USD 0.33.