NASDAQ$ATAI

AtaiBeckley Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Atai Life Sciences reported financial results for Q4 2021 and provided business updates.

Atai Life Sciences ended 2021 with a strong cash position of $362 million. The company anticipates at least 14 drug development and enabling technology catalysts over the next two years. They are focused on rapid acting intervention, ongoing digital support and a biomarker-driven precision mental health.

  • atai increased its holdings in COMPASS Pathways to 22.8% in Q4 2021.
  • In December 2021, the FDA gave Investigational New Drug (IND) clearance for the development of PCN-101 for the treatment of TRD.
  • atai announced positive biomarker data from the Phase 2a proof-of-mechanism study of RL-007 in CIAS patients in December of last year.
  • atai ended the year with a strong cash position of $362 million which it anticipates will be sufficient to provide a cash runway of approximately two years.

Headline financials

Total Revenue

$230K

No prior period
EPS (adj)

-$0.62

Previous: -$0.57-9.2%
Capital Expenditures

$52K

No prior period
Free Cash Flow

-$20.6M

No prior period
Net Income

-$88.9M

Previous: -$86.6M-2.6%
Operating Income

-$45.2M

Previous: -$87.2M+48.2%
Gross Profit

$201K

Previous: $0.00
Cash & Equivalents

$362M

No prior period
Total Assets

$414M

No prior period
Stock-Based Comp

$13.4M

No prior period

Revenue & EPS history

Atai · Revenue · Quarterly

$230K

Q4 2021
Beat estimate in 4 of 10 quarters(40%)
ActualEstimate

Forward guidance

The Company anticipates at least 14 drug development and enabling technology catalysts over the next two years.

Tailwinds

  • Phase 2a proof-of-concept topline data readout with PCN-101 for TRD
  • Results from the Phase 1 relative bioavailability study with PCN-101 designed to bridge between the current intravenous formulation to a subcutaneous formulation to support at-home use.
  • Data from the Phase 1 element of a combined Phase 1/2 trial of DMX-1002 by the end of 2022
  • Topline data from a Phase 1 trial with GRX-917 by mid of this year.
  • Topline results for KUR-101 study later this year.

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 Q4 2021

Historical avgQ4 2021

+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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