NASDAQ$AVIR

Atea Pharmaceuticals Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Atea Pharmaceuticals reported financial results for the first quarter ended March 31, 2022 and provided a business update.

Atea Pharmaceuticals reported a net loss of $42.1 million for the first quarter of 2022, compared to a net income of $30.7 million for the same period in 2021. The company highlighted new bemnifosbuvir data showing clinical benefits in two placebo-controlled trials and the initiation of a Phase 2 global study and human challenge trial with AT-752 for dengue.

  • New clinical results from MORNINGSKY trial showed a 71% reduction in hospitalization in COVID-19 patients treated with bemnifosbuvir versus placebo.
  • Final analysis of Phase 2 hospitalized study in high-risk COVID-19 patients suggested potential clinical benefits with bemnifosbuvir versus placebo.
  • New in vitro results demonstrated bemnifosbuvir retains antiviral activity against all SARS-CoV-2 variants of concern, including Omicron (BA.1).
  • Atea initiated a Phase 2 global study and human challenge trial with AT-752 as a potential first-in-class antiviral treatment for dengue.

Headline financials

Total Revenue

$66M

Previous: $66M+0.0%
EPS (adj)

-$0.51

Previous: $0.34-250.0%
Capital Expenditures

-$44K

No prior period
Free Cash Flow

-$42.1M

Previous: $30.7M-237.1%
Net Income

-$42.1M

Previous: $30.7M-237.0%
Operating Income

-$42.2M

Previous: $30.7M-237.6%
Cash & Equivalents

$706M

Previous: $834M-15.4%
Total Assets

$717M

Previous: $841M-14.7%
Stock-Based Comp

$11.7M

Previous: $7.27M+60.3%

Revenue & EPS history

Atea · Revenue · Quarterly

$66M

Q1 2022+0%vs Q1 2021
Beat estimate in 1 of 1 quarters(100%)
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 2022

Historical avgQ1 2022

+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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