NASDAQ$ATAI

AtaiBeckley Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Atai Life Sciences reported financial results and business update for Q1 2022.

Atai Life Sciences reported a net loss attributable to shareholders of $36.9 million for the three months ended March 31, 2022. The company ended the quarter with $335 million in cash and cash equivalents.

  • First subject dosed in Phase 1 KUR-101.
  • Launched drug discovery engine Invyxis.
  • Initiated Psyber usability study in patients.
  • COMPASS' end of Phase 2 FDA meeting.

Headline financials

Total Revenue

$0.00

Previous: $19.9M-100.0%
EPS (adj)

-$0.24

Previous: $0.01-2500.0%
Capital Expenditures

-$56K

Previous: $175K-132.0%
Free Cash Flow

-$36.9M

Previous: -$16.7M-121.1%
Net Income

-$36.9M

Previous: $688K-5458.9%
Operating Income

-$33.4M

Previous: $4.05M-925.7%
Gross Profit

$0.00

Previous: $19.9M-100.0%
Cash & Equivalents

$124M

Previous: $104M+18.8%
Total Assets

$384M

No prior period
Stock-Based Comp

$10.2M

Previous: $212K+4715.1%

Revenue & EPS history

Atai · Revenue · Quarterly

$0

Q1 2022-100%vs Q1 2021
Beat estimate in 4 of 10 quarters(40%)
ActualEstimate

Forward guidance

The company anticipates several clinical milestones in 2022 and beyond, including data from the Phase 2 proof-of-concept study of PCN-101 as a potential at-home-use therapy in treatment resistant depression (TRD).

Tailwinds

  • Results from a relative bioavailability study comparing subcutaneous formulation of PCN-101 to existing IV formulation.
  • Additional Phase 1 readouts, including GRX-917, DMX-1002, and KUR-101.
  • Phase 2 trial initiations for GRX-917 and RL-007.
  • Phase 1 initiations for EMP-01 and VLS-101 during 2022.
  • RLS-01 in the first half of 2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.7%

Avg return

Earnings day

+3.3%

Avg return

5 days after

+1.8%

Avg return

30 days after

48%

10 / 21 earnings

Positive

+15.1%

Q4 2022

Best reaction

-17.7%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.5%-0.5%-6.0%
Q4 2026-1.1%+14.7%+7.1%
Q3 2025-2.0%-10.6%-3.2%
Q2 2025-1.2%-2.0%+14.3%
Q1 2025+1.4%+30.5%+49.6%
Q4 2024-1.4%-2.0%-4.1%
Q3 2024-6.2%+14.4%-6.8%
Q2 2024-5.6%-1.6%-0.8%
Q1 2024-2.6%-9.4%-28.3%
Q4 2023+3.9%+4.5%+7.8%
Q3 2023+4.3%-3.5%+11.3%
Q2 2023-4.5%-8.5%-18.8%
Q1 2023-5.0%-3.0%-12.5%
Q4 2022+15.1%+33.6%+82.4%
Q3 2022+1.1%+5.9%+17.6%
Q2 2022+4.1%-1.3%-12.7%
Q1 2022+13.2%+9.9%-9.1%
Q4 2021-6.1%-2.0%-20.8%
Q3 2021-17.7%-21.9%-54.3%
Q1 2021+10.2%+13.1%+12.7%
Q2 2021+13.0%+9.0%+11.5%
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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