NASDAQ$AVIR

Atea Pharmaceuticals Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Atea Pharmaceuticals reported financial results for the first quarter ended March 31, 2023 and provided a business update.

Atea Pharmaceuticals reported first quarter results, highlighting the advancement of clinical trials and R&D efforts, including the continued enrollment in the Phase 3 SUNRISE-3 trial for COVID-19 and the upcoming Phase 2 trial for HCV treatment.

  • Phase 3 SUNRISE-3 trial for bemnifosbuvir in COVID-19 continues enrollment.
  • Phase 2 trial for bemnifosbuvir and ruzasvir combination in HCV on track for first patient dosed in Q2 2023.
  • Bemnifosbuvir granted Fast Track designation by the U.S. FDA.
  • Atea deprioritized its dengue program to focus on COVID-19 and HCV programs.

Headline financials

EPS (adj)

-$0.43

Previous: -$0.51+15.7%
R&D Expenses

$29M

No prior period
G&A Expenses

$12.6M

No prior period
Interest Income

$6.3M

No prior period
Net Income

-$35.5M

Previous: -$42.1M+15.7%
Operating Income

-$41.6M

Previous: -$42.2M+1.4%
Cash & Equivalents

$620M

Previous: $706M-12.1%
Total Assets

$638M

Previous: $717M-11.0%
Stock-Based Comp

$12.5M

Previous: $11.7M+7.5%

Revenue & EPS history

Atea · Revenue · Quarterly

$0

Q2 2024
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 19 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+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
Q2 2024———
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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