NASDAQ$AVIR

Atea Pharmaceuticals Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Atea Pharmaceuticals reported financial results for the first quarter of 2021 and provided a corporate update.

Atea Pharmaceuticals reported a net income of $30.7 million for the quarter ended March 31, 2021, compared to a net loss of $4.0 million for the quarter ended March 31, 2020. The increase in net income was primarily due to the recognition of collaboration revenue related to the Roche License Agreement in the amount of $66.0 million.

  • Global Phase 3 MORNINGSKY trial of AT-527 in the outpatient setting was recently initiated for the treatment of COVID-19.
  • Enrollment is advancing in Phase 1a trial of AT-752, a drug candidate being developed for the treatment of dengue fever.
  • Collaboration revenue for the quarter ended March 31, 2021 was $66.0 million, derived from the Roche License Agreement.
  • Atea initiated a Phase 1a study evaluating the safety, tolerability, and pharmacokinetics of AT-752.

Headline financials

Total Revenue

$66M

No prior period
EPS (adj)

$0.34

Previous: -$0.40+185.0%
Free Cash Flow

$30.7M

No prior period
Net Income

$30.7M

Previous: -$3.99M+870.1%
Operating Income

$30.7M

Previous: -$4.05M+857.8%
Gross Profit

$39.4M

No prior period
Cash & Equivalents

$834M

Previous: $17.1M+4762.7%
Total Assets

$841M

No prior period
Stock-Based Comp

$7.27M

Previous: $189K+3748.1%

Revenue & EPS history

Atea · Revenue · Quarterly

$66M

Q1 2021
Beat estimate in 5 of 11 quarters(45%)
ActualEstimate

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.1%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+4.2%

Avg return

30 days after

50%

12 / 24 earnings

Positive

+16.1%

Q1 2021

Best reaction

-16.2%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+11.1%+15.1%+8.7%
Q3 2025-12.1%-12.9%-10.0%
Q2 2025-2.6%+1.2%-2.6%
Q1 2025+2.2%+4.0%+16.4%
Q4 2024-0.3%+3.3%-7.0%
Q3 2024-2.2%-7.0%-17.9%
Q1 2024-8.2%-9.7%-8.4%
Q4 2023-5.5%-11.4%-11.4%
Q3 2023-10.7%-14.0%-10.1%
Q2 2023+4.1%+0.3%-3.5%
Q1 2023-1.2%-3.0%+35.8%
Q4 2022-8.7%-0.8%-8.1%
Q3 2022-12.4%-14.4%-24.0%
Q2 2022-3.5%-4.3%-11.7%
Q1 2022+12.9%+36.8%+52.7%
Q4 2021+1.4%-9.7%+11.1%
Q3 2021+6.5%+6.5%-25.3%
Q2 2021-16.2%-12.9%-13.4%
Q1 2021+16.1%+18.7%+20.4%
Q2 2020+5.3%-1.4%-55.0%
Q4 2020+5.3%-1.4%-55.0%
Q1 2020+7.2%+10.6%+73.1%
Q4 2019+7.2%+10.6%+73.1%
Q3 2020+7.2%+10.6%+73.1%
Q3 2019
Q2 2019
Q1 2019
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015

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