ATARA Biotherapeutics (ATRA) Tops Q1 EPS by 21c

ATARA Biotherapeutics (NASDAQ: ATRA) reported Q1 EPS of ($1.20), $0.21 better than the analyst estimate of ($1.41).

Atara believes that its cash, cash equivalents and short-term investments as of March 31, 2020, are sufficient to fund planned operations into the second quarter of 2021.

• Cash, cash equivalents and short-term investments as of March 31, 2020 totaled $214.6 million, as compared to $259.1 million as of December 31, 2019.
• The decrease of $44.5 million includes the benefit of the sale of 1,528,216 shares of common stock pursuant to the Company’s at-the-market (ATM) facility in the first quarter of 2020 for net proceeds of $23.1 million.
• Net cash used in operating activities was $67.0 million for the first quarter of 2020, as compared to $70.2 million for the same period in 2019.
• The number of outstanding shares of common stock and pre-funded common stock warrants as of April 30, 2020 was 58,952,045 shares and 2,888,526 warrants, respectively.

For earnings history and earnings-related data on ATARA Biotherapeutics (ATRA) click here.

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