Acucela Inc. revised earnings guidance for the year ending December 31, 2014. For the year, the company now expects revenue from collaborations to be $34,739,000 against previously expected of $61,840,000. Operating income to be $693,000 against previously expected of $836,000.

Income before income tax to be $250,000 against previously expected of $433,000. Net loss to be $1,997,000 or $0.06 per share against previously expected net income of $264,000 or $0.02 per share.