NASDAQ$ATRA

Atara Biotherapeutics Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported financial results for the second quarter 2022 and updated the corporate strategy.

Atara Biotherapeutics reported a net income of $18.5 million, or $0.18 per share, for the second quarter 2022, compared to a net loss of $83.8 million, or $0.91 per share, for the same period in 2021. The company's cash, cash equivalents, and short-term investments totaled $331.3 million as of June 30, 2022. Atara plans to focus on R&D activities, prioritizing key pipeline assets and reducing cash burn.

  • Atara to focus on R&D activities prioritizing upcoming milestones for key pipeline assets
  • ATA188 Phase 2 EMBOLD Study interim analysis completed with target enrollment achieved; primary endpoint data read out planned for October 2023
  • FDA recommended pathway to potential tab-cel BLA filing without need for new clinical trial; European Commission approval on track for Q4 2022
  • ATA3219 on track for Q4 2022 IND submission

Headline financials

Total Revenue

$51.6M

Previous: $3.87M+1232.8%
EPS (adj)

-$7.75

Previous: -$22.75+65.9%
Capital Expenditures

$1.42M

Previous: $2.06M-31.1%
Free Cash Flow

-$65.4M

Previous: -$63.6M-2.7%
Net Income

$18.5M

Previous: -$83.8M+122.1%
Operating Income

-$32.1M

Previous: -$84M+61.7%
Gross Profit

-$13.3M

No prior period
Cash & Equivalents

$70.7M

Previous: $373M-81.1%
Total Assets

$436M

Previous: $457M-4.5%
Stock-Based Comp

$14.1M

Previous: $13.8M+2.2%

Revenue & EPS history

Atara · Revenue · Quarterly

$51.6M

Q2 2022+1,232.8%vs Q2 2021
Beat estimate in 5 of 13 quarters(38%)
ActualEstimate

Forward guidance

Atara believes that its cash and investments as of June 30, 2022, together with the expected reductions in operating cash burn, will be sufficient to fund the Company’s planned operations into the first quarter of 2024

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 Q2 2022

Historical avgQ2 2022

-2.0%

Avg return

Earnings day

+0.3%

Avg return

5 days after

-2.1%

Avg return

30 days after

37%

17 / 46 earnings

Positive

+36.3%

Q2 2022

Best reaction

-24.2%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+11.5%+9.6%+17.2%
Q4 2025-0.6%-16.4%-10.7%
Q3 2025-1.3%+4.3%+43.3%
Q1 2025+4.8%+6.8%+6.3%
Q4 2024+3.9%-9.2%+10.6%
Q3 2024+21.2%+2.0%-7.0%
Q2 2024+5.8%-7.5%+9.6%
Q1 2024-6.3%+6.9%-6.5%
Q4 2023+3.6%+4.0%-1.4%
Q3 2023-7.8%+2.3%-49.8%
Q2 2023-16.4%-7.1%-31.6%
Q1 2023-16.2%-26.5%-43.3%
Q4 2022-12.6%-18.7%-48.2%
Q3 2022-18.0%+8.5%+0.2%
Q2 2022+36.3%+69.8%+32.3%
Q1 2022-5.3%-22.2%-29.7%
Q4 2021-22.6%-32.9%-30.4%
Q3 2021-3.1%-4.4%-8.9%
Q2 2021+0.8%-1.5%+17.9%
Q1 2021-3.9%-3.3%-5.1%
Q4 2020+1.0%-4.2%-14.4%
Q3 2020-5.9%+9.0%+72.0%
Q2 2020+1.9%+3.5%+4.8%
Q1 2020+4.9%+17.5%+11.7%
Q4 2019+8.8%+11.5%-24.4%
Q3 2019+10.2%+6.9%+15.0%
Q2 2019+10.6%+17.3%+16.4%
Q1 2019-24.2%-27.1%-35.6%
Q4 2018-13.3%-8.5%-7.4%
Q3 2018-1.9%-3.5%+5.7%
Q2 2018-2.1%+0.5%+9.1%
Q1 2018-5.8%+1.7%+0.6%
Q4 2017-10.6%-8.6%-9.5%
Q3 2017-6.3%-4.9%+3.1%
Q2 2017-3.3%-3.6%-1.3%
Q1 2017-5.1%-7.0%-10.2%
Q4 2016+21.4%+16.8%-1.2%
Q3 2016+17.2%+45.6%+32.6%
Q2 2016-9.5%-14.7%-14.3%
Q1 2016-5.5%
Q4 2015-18.5%
Q3 2015+4.7%
Q2 2015-11.4%
Q1 2015-1.7%
Q4 2014-5.9%
Q3 2014-15.5%
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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