2025 Q1 Form 10-K Financial Statement

#000095017025035507 Filed on March 07, 2025

View on sec.gov

Income Statement

Concept 2025 Q1 2024 Q4 2024
Revenue $128.9M
YoY Change 1404.02%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $151.5M
YoY Change -30.88%
% of Gross Profit
Depreciation & Amortization $2.700M
YoY Change -44.09%
% of Gross Profit
Operating Expenses $151.5M
YoY Change -43.68%
Operating Profit -$83.44M
YoY Change -69.01%
Interest Expense $4.615M
YoY Change 3173.05%
% of Operating Profit
Other Income/Expense, Net $528.0K
YoY Change -314.63%
Pretax Income -$85.42M
YoY Change -69.06%
Income Tax -$12.00K
% Of Pretax Income
Net Earnings -$85.40M
YoY Change -69.07%
Net Earnings / Revenue -66.23%
Basic Earnings Per Share -$11.41
Diluted Earnings Per Share -$11.41
COMMON SHARES
Basic Shares Outstanding 5.859M 5.760M 7.488M
Diluted Shares Outstanding 7.488M

Balance Sheet

Concept 2025 Q1 2024 Q4 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $25.03M
Short-Term Investments
Other Short-Term Assets $10.12M
YoY Change 59.79%
Inventory $10.66M
Prepaid Expenses
Receivables $1.482M
Other Receivables
Total Short-Term Assets $64.89M
YoY Change -36.3%
LONG-TERM ASSETS
Property, Plant & Equipment $1.294M
YoY Change -97.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.103M
YoY Change -35.94%
Total Long-Term Assets $44.20M
YoY Change -30.54%
TOTAL ASSETS
Total Short-Term Assets $64.89M
Total Long-Term Assets $44.20M
Total Assets $109.1M
YoY Change -34.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.367M
YoY Change 18.54%
Accrued Expenses $6.027M
YoY Change -89.92%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $134.6M
YoY Change -5.38%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $3.269M
YoY Change -96.28%
Total Long-Term Liabilities $3.269M
YoY Change -97.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $134.6M
Total Long-Term Liabilities $3.269M
Total Liabilities $206.4M
YoY Change -22.04%
SHAREHOLDERS EQUITY
Retained Earnings -$2.055B
YoY Change 4.34%
Common Stock $1.957B
YoY Change 4.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$97.28M
YoY Change
Total Liabilities & Shareholders Equity $109.1M
YoY Change -34.08%

Cashflow Statement

Concept 2025 Q1 2024 Q4 2024
OPERATING ACTIVITIES
Net Income -$85.40M
YoY Change -69.07%
Depreciation, Depletion And Amortization $2.700M
YoY Change -44.09%
Cash From Operating Activities -$68.72M
YoY Change -64.39%
INVESTING ACTIVITIES
Capital Expenditures $246.0K
YoY Change -79.89%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $8.624M
YoY Change -93.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $9.348M
YoY Change 337.64%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 59.28M
YoY Change 2849.35%
NET CHANGE
Cash From Operating Activities -68.72M
Cash From Investing Activities 8.624M
Cash From Financing Activities 59.28M
Net Change In Cash -811.0K
YoY Change -98.79%
FREE CASH FLOW
Cash From Operating Activities -$68.72M
Capital Expenditures $246.0K
Free Cash Flow -$68.96M
YoY Change -64.49%

Facts In Submission

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<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;">Use of Estimates</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;">We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP), which requires us to make estimates and assumptions that affect the amounts reported in our consolidated financial statements and accompanying notes. The level of uncertainty in estimates and assumptions increases with the length of time until the underlying transactions are completed. Significant estimates and assumptions relied upon in preparing these financial statements include those related to revenue recognition, accrued research and development expenses, stock-based compensation expense, liability related to the sale of future revenues and income taxes. Additionally, we use available market information to assess the fair value of our short-term investments. Actual results could differ materially from those estimates. If actual amounts differ from estimates, we include the updates in our consolidated results of operations in the period the actual amounts become known. Historically, the aggregate differences, if any, between our estimates and actual amounts in any year have not had a material effect on our consolidated financial statements.</span></p>
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CY2024 atra Going Concern Policy Textblock
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<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;">Going Concern</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;">We have incurred operating losses since inception and we expect that existing cash, cash equivalents and short-term investments as of December 31, 2024, will not be sufficient to fund our planned operations for at least 12 months after the issuance of the accompanying consolidated financial statements. Although we anticipate the receipt of certain payments from the amended and restated Pierre Fabre Commercialization Agreement, such payments are contingent upon the successful filing and approval of the tab-cel BLA, as well as the completion of specific development and regulatory activities by us and actions taken by third parties, and are, therefore, uncertain at this time.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;">To alleviate the conditions that raise substantial doubt about our ability to continue as a going concern, we plan to secure additional capital, potentially through a combination of public or private security offerings; use of our ATM facility as described in Note 10; and/or strategic transactions. We may need to raise additional funding as required based on the status of our development programs and our projected cash flows. Although we have been successful in raising capital in the past, and expect to continue to raise capital as required, there is no assurance that we will be successful in obtaining sufficient funding on terms acceptable to us to fund continuing operations, if at all, or identify and enter into any strategic transactions that will provide the capital that we will require. If we are unable to obtain sufficient funding on acceptable terms, we could be forced to delay, limit, reduce or terminate preclinical studies, clinical studies or other development activities for one or more of our product candidates, which could have a material adverse effect on our business, results of operations, and financial condition. Accordingly, we have concluded that substantial doubt exists with respect to our ability to continue as a going concern for at least 12 months after the issuance of the accompanying consolidated financial statements. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;"> </span></p>
CY2024 us-gaap Concentration Risk Credit Risk
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<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;">Concentration of Credit Risk and Other Uncertainties</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-kerning:none;min-width:fit-content;">We place cash and cash equivalents in the custody of financial institutions that management believes are of high credit quality, the amount of which at times, may be in excess of the amount insured by the Federal Deposit Insurance Corporation. We also make short-term investments in money market funds; U.S. Treasury, government agency and corporate debt obligations; commercial paper; certificates of deposit; and asset-backed securities, which can be subject to certain credit risk. We strive to mitigate this credit risk by investing in high-grade instruments, limiting our exposure to any one issuer and monitoring the ongoing creditworthiness of the financial institutions and issuers.</span></p>
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