NASDAQ$AVIR

Atea Pharmaceuticals Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Atea Pharmaceuticals reported financial results and provided a clinical and corporate update.

Atea Pharmaceuticals reported a net income of $1.5 million for the second quarter of 2021, a significant increase compared to the net loss of $10.0 million in the same quarter of the previous year. The company's collaboration revenue reached $60.4 million due to the Roche License Agreement, and there was progress in the clinical development of AT-527 for COVID-19 treatment.

  • AT-527 achieved target antiviral levels in the lungs of healthy volunteers, indicating its potential for treating COVID-19.
  • Phase 2 study interim results showed AT-527's potent and rapid antiviral activity in hospitalized patients, leading to protocol amendments.
  • Patient accrual is ongoing in the global Phase 3 MEADOWSPRING follow-on study to evaluate AT-527 in Long COVID.
  • Global Phase 2 MOONSONG and Phase 3 MORNINGSKY results are expected in the second half of 2021.

Headline financials

Total Revenue

$60.4M

No prior period
EPS (adj)

$0.02

Previous: -$0.99+102.0%
R&D Expenses

$39.8M

Previous: $7.8M+410.3%
G&A Expenses

$11.9M

Previous: $2.2M+440.9%
Tax Expense

$7.2M

Previous: $0.00
Capital Expenditures

-$6K

Previous: $6K-200.0%
Free Cash Flow

$1.53M

Previous: -$7.8M+119.6%
Net Income

$1.54M

Previous: -$9.99M+115.4%
Operating Income

$8.69M

Previous: -$10M+186.8%
Gross Profit

$20.6M

No prior period
Cash & Equivalents

$817M

Previous: $116M+605.1%
Total Assets

$872M

No prior period
Stock-Based Comp

$10M

Previous: $209K+4688.0%

Revenue & EPS history

Atea · Revenue · Quarterly

$60.4M

Q2 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 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 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
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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