Atreca, Inc. (BCEL)
Chart Events
Performance Outlook
| Previous Close | 15.11 |
| Open | 15.27 |
| Bid | 14.50 x 800 |
| Ask | 16.33 x 2200 |
| Day's Range | 15.12 - 15.98 |
| 52 Week Range | 10.88 - 29.35 |
| Volume | 90,272 |
| Avg. Volume | 189,442 |
| Market Cap | 569.688M |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -6.36 |
| Earnings Date | Nov 12, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 29.75 |
- Simply Wall St.
We're Hopeful That Atreca (NASDAQ:BCEL) Will Use Its Cash Wisely
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
- GlobeNewswire
Atreca Reports Third Quarter 2020 Financial Results and Recent Corporate Developments
SOUTH SAN FRANCISCO, Calif., Nov. 12, 2020 (GLOBE NEWSWIRE) -- Atreca, Inc. (Atreca) (NASDAQ: BCEL), a clinical-stage biotechnology company focused on developing novel therapeutics generated through a unique discovery platform based on interrogation of the active human immune response, today announced financial results for the third quarter ended September 30, 2020, and provided an overview of recent developments. “We continued to make progress enrolling patients and activating trial sites in our Phase 1b trial of ATRC-101 during the third quarter and anticipate reporting initial summary data in the first half of 2021,” said John Orwin, Chief Executive Officer. “We recently presented preclinical data at SITC 2020 further highlighting the potential for ATRC-101 as a combination therapy with checkpoint inhibitors targeting the PD-1/PD-L1 axis. We expect to initiate combination studies with a checkpoint inhibitor as well as with chemotherapy, and to commence monotherapy expansion cohorts, in 2021.”Recent Developments and Highlights * Screening in the Phase 1b first-in-human study evaluating ATRC-101 in patients with select solid tumor cancers is ongoing, and patients are currently being enrolled in the third dose cohort. To date, seven clinical trial sites have been activated, including two additional sites in the third quarter of 2020, and Atreca expects to announce initial summary data from the study in the first half of 2021. In addition to monotherapy expansion cohorts, clinical trials of ATRC-101 in combination with a PD-1 inhibitor and in combination with a chemotherapeutic are planned for 2021. * Atreca presented two posters describing preclinical evaluations of ATRC-101 at the 35th Annual Meeting of the Society for Immunotherapy of Cancer (SITC 2020). The presentations provide insight into the cooperation between checkpoint inhibitors targeting the PD-1/PD-L1 axis and ATRC-101 as well as the potent single-agent activity of ATRC-101 in syngeneic mouse tumor models. Both posters are currently available on Atreca’s website. Third Quarter 2020 Financial Results * As of September 30, 2020, cash, cash equivalents and investments totaled $259.5 million. * Research and development expenses for the three months ended September 30, 2020 were $16.8 million, including non-cash share-based compensation expense of $1.6 million. * General and administrative expenses for the three months ended September 30, 2020 were $6.6 million, including non-cash share-based compensation expense of $1.9 million. * Atreca reported a net loss of $22.9 million, or basic and diluted net loss per share attributable to common stockholders of $0.66, for the three months ended September 30, 2020. About Atreca, Inc. Atreca is a biopharmaceutical company developing novel antibody-based immunotherapeutics generated by its differentiated discovery platform. Atreca’s platform allows access to an unexplored landscape in oncology through the identification of unique antibody-target pairs generated by the human immune system during an active immune response against tumors. These antibodies provide the basis for first-in-class therapeutic candidates, such as our lead product candidate ATRC-101. A Phase 1b study evaluating ATRC-101 in multiple solid tumor cancers is currently enrolling patients. For more information on Atreca, please visit www.atreca.com.Forward-Looking Statements This release contains forward-looking statements regarding our strategy and future plans, including statements regarding the development of ATRC-101 and our clinical and regulatory plans, and the timing thereof. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as ”continued,” “anticipate,” “potential,” “expect,” “believe,” “planned,” and similar words, although some forward-looking statements are expressed differently. Our actual results may differ materially from those indicated in these forward-looking statements due to risks and uncertainties related to the initiation, timing, progress and results of our research and development programs, preclinical studies, clinical trials, regulatory submissions, and other matters that are described in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (SEC) and available on the SEC’s website at www.sec.gov, including the risk factors set forth therein. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update any forward-looking statement in this press release, except as required by law. Atreca, Inc. Condensed Consolidated Balance Sheets (in thousands, except share and per share data) September 30,December 31, 2020 2019 ASSETS Current Assets Cash and cash equivalents $133,072 $157,954 Investments 126,192 14,663 Prepaid expenses and other current assets 4,898 3,502 Total current assets 264,162 176,119 Property and equipment, net 7,783 5,771 Long-term investments 205 10,799 Deposits and other 3,043 3,026 Total assets $275,193 $195,715 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities Accounts payable $2,524 $2,133 Accrued expenses 5,309 5,395 Other current liabilities 1,442 419 Total current liabilities 9,275 7,947 Capital lease obligations, net of current portion 17 53 Deferred rent 4,621 763 Total liabilities 13,913 8,763 Stockholders’ equity Common stock 4 3 Additional paid-in capital 488,593 351,039 Accumulated other comprehensive income 117 16 Accumulated deficit (227,434) (164,106) Total stockholders’ equity 261,280 186,952 Total liabilities and stockholders’ equity $275,193 $195,715 Atreca, Inc. Condensed Consolidated Statements of Operations (in thousands, except share and per share data) (unaudited) Three Months Ended Nine Months Ended September 30, September 30, 2020 2019 2020 2019 Expenses Research and development $16,808 $12,812 $45,198 $40,447 General and administrative 6,614 4,864 20,195 10,919 Total expenses 23,422 17,676 65,393 51,366 Interest and other income (expense) Other income 353 619 987 1,805 Interest income 142 1,189 1,082 2,328 Interest expense (1) (1) (3) (5) Preferred stock warrant liability revaluation — — — (123) Foreign exchange loss — (1) — (1) Loss on disposal of property and equipment — — — (7) Loss before Income tax expense (22,928) (15,870) (63,327) (47,369) Income tax expense (1) (1) (1) (2) Net loss $(22,929) $(15,871) $(63,328) $(47,371) Net loss per share, basic and diluted $(0.66) $(0.57) $(2.09) $(4.03) Weighted-average shares used in computing net loss per share, basic and diluted 34,723,888 27,949,682 30,313,047 11,747,825 Contacts Atreca, Inc. Herb Cross Chief Financial Officer info@atreca.com Investors: Alex Gray, 650-779-9251, ext. 251 agray@atreca.comMedia: Sheryl Seapy, 213-262-9390 sseapy@w2ogroup.com Source: Atreca, Inc.
- GlobeNewswire
Atreca to Present at Upcoming Virtual Investor Conferences
SOUTH SAN FRANCISCO, Calif., Nov. 06, 2020 (GLOBE NEWSWIRE) -- Atreca, Inc. (Atreca) (NASDAQ: BCEL), a biotechnology company focused on developing novel therapeutics generated through a unique discovery platform based on interrogation of the active human immune response, today announced that it will participate in the following upcoming virtual investor conferences: Cowen 2020 Next IO Summit Friday, November 13, 2020 Fireside Chat time: 2:45 p.m. ESTStifel 2020 Virtual Healthcare Conference Wednesday, November 18, 2020 Fireside Chat time: 4:40 p.m. ESTEvercore ISI 3rd Annual HealthCONx Wednesday, December 2, 2020 Panel Discussion time: 10:30 a.m. EST Title: “Finders Keepers: Identifying New Cancer Targets”Live audio webcasts of the Cowen and Stifel presentations can be accessed through the Events & Presentations section of the company's website at ir.atreca.com. An archived replay of each webcast will be available on the company's website for 90 days following the live presentations.About Atreca, Inc. Atreca is a biopharmaceutical company developing novel antibody-based immunotherapeutics generated by its differentiated discovery platform. Atreca’s platform allows access to an unexplored landscape in oncology through the identification of unique antibody-target pairs generated by the human immune system during an active immune response against tumors. These antibodies provide the basis for first-in-class therapeutic candidates, such as our lead product candidate ATRC-101. A Phase 1b study evaluating ATRC-101 in multiple solid tumor cancers is currently enrolling patients. For more information on Atreca, please visit www.atreca.com.Contacts Atreca, Inc. Herb Cross Chief Financial Officer info@atreca.com Investors: Alex Gray, 650-779-9251 agray@atreca.comMedia: Sheryl Seapy, 213-262-9390 sseapy@w2ogroup.com Source: Atreca, Inc.
