ATAI Life Sciences N.V. reported its financial results for the first quarter of 2025, revealing a total revenue of $1.6 million, a significant increase from zero revenue in the same period last year. This revenue was primarily driven by $1.4 million from research and development services and $0.2 million from license agreements. The company’s operating expenses decreased to $21.9 million from $24.1 million in the prior year, reflecting a reduction in general and administrative costs, which fell by 16% to $10.6 million, and a slight decrease in research and development expenses.
The net loss for the quarter was $26.5 million, a slight improvement compared to a net loss of $27.4 million in the first quarter of 2024. The loss attributable to ATAI Life Sciences N.V. stockholders was $26.4 million, or $0.15 per share, compared to a loss of $26.7 million, or $0.17 per share, in the previous year. The company’s accumulated deficit increased to $726.6 million as of March 31, 2025, up from $700.2 million at the end of 2024.
Strategically, ATAI Life Sciences has made significant moves, including the acquisition of IntelGenx Corp. in October 2024, which is expected to enhance its drug delivery capabilities. The company also entered into a new agreement with Psilera, acquiring a patent portfolio related to DMT, which may lead to further product development. Additionally, ATAI has been actively managing its workforce, reducing its global headcount by approximately 25% in March 2025 to streamline operations and extend its cash runway.
As of March 31, 2025, ATAI reported cash and cash equivalents of $48.3 million, along with $49.9 million in short-term securities, indicating a strong liquidity position. The company anticipates that its existing cash resources will be sufficient to fund operations for at least the next 12 months. Looking ahead, ATAI plans to continue focusing on its clinical development programs, particularly in the psychedelic space, while exploring strategic partnerships to optimize its product pipeline and financial position.
About ATAI Life Sciences N.V.
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