earnings
confidence high
sentiment neutral
materiality 0.75
Atara Q1 net income $38M; FDA lifts EBVALLO holds; $16M offering closes May 16
Atara Biotherapeutics, Inc.
2025-Q1 EPS reported
$3.50
revenue$98,149,000
- Net income of $38.0M ($3.50 diluted EPS) vs net loss of $31.8M in Q1 2024; revenue $98.1M, up from $27.4M, driven by Pierre Fabre milestone.
- Cash $13.8M at Mar 31, 2025; with $16M gross proceeds from May offering, expects runway into Q1 2026.
- FDA lifted clinical holds on EBVALLO; Type A meeting Q2 2025 to address CRL; plans to resume Phase 3 ALLELE study.
- Workforce reduced ~30% in May, retaining ~23 staff; FY2025 operating expenses expected to decrease ~65% YoY.
- James Huang (Panacea) and Nachi Subramanian (Redmile) appointed to board effective after offering close.