NASDAQ$AVIR
Atea Pharmaceuticals Inc · Q2 2024 earnings
Q2 2024 earnings · · After market close · Investor relations
Briefing
Atea Pharmaceuticals reported Q2 2024 financial results with increased R&D expenses and a larger net loss compared to the prior year.
The company recorded a net loss of $40.5 million for the three months ended June 30, 2024, driven by higher research and development costs associated with its Phase 3 SUNRISE-3 trial for COVID-19 and Phase 2 HCV program. Cash, cash equivalents and marketable securities totaled $502.2 million, providing runway into 2027. No revenue was generated as the company remains in clinical development.
- Net loss widened to $40.5 million from $28.2 million in Q2 2023 due to elevated R&D spend of $34.7 million.
- Cash position of $502.2 million supports operations through key clinical milestones into 2027.
- Phase 3 SUNRISE-3 COVID-19 trial fully enrolled with data expected in H2 2024; HCV Phase 2 combination data also anticipated in 2024.
- No commercial revenue; focus remains on advancing bemnifosbuvir programs without any product sales.
Headline financials
Revenue & EPS history
Atea · Revenue · Quarterly
$0
Forward guidance
No specific numerical guidance provided; company highlighted upcoming clinical data readouts in H2 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
+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
| Quarter | Report date | Reaction (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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