NASDAQ$ATAI
AtaiBeckley Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Atai Life Sciences reported third quarter results and provided corporate updates.
Atai Life Sciences reported a net loss of $26.3 million for the third quarter of 2024. The company's cash, cash equivalents, and short-term securities totaled $101.0 million as of September 30, 2024, expected to fund operations into 2026.
- FDA cleared the investigational new drug application for VLS-01 (buccal film DMT).
- Atai expects to initiate a Phase 2 study in treatment-resistant depression patients around YE’24.
- Remain on track to initiate a Phase 2 study of EMP-01 (oral R-MDMA) in social anxiety disorder patients around YE’24.
- Cash, marketable securities, and committed term loan funding expected to fund operations into 2026.
Headline financials
Revenue & EPS history
Atai · Revenue · Quarterly
$40K
Forward guidance
Atai Life Sciences anticipates several R&D catalysts in the near term, including the initiation of Phase 2 trials for VLS-01 and EMP-01 around year-end 2024, and topline data readouts for multiple programs in 2025.
Tailwinds
- VLS-01 TRD: Phase 2 initiation (around YE’24)
- EMP-01 SAD: Phase 2 initiation (around YE’24)
- BPL-003 alcohol use disorder (AUD): Phase 2a topline open-label data
- ELE-101 major depressive disorder (MDD): Phase 2a topline open-label data
- BPL-003 TRD: Phase 2b topline data (Q2’25)
Headwinds
- RL-007 cognitive impairment associated with schizophrenia (CIAS): Phase 2b topline data (mid’25)
- VLS-01 TRD: Phase 2 topline data (around YE’25)
- EMP-01 SAD: Phase 2 topline data (around YE’25)
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 Q3 2024
+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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
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