ATAI Life Sciences Reports Rising Operating Expenses

By Ahmed Jameison • Tuesday, September 30 10:26 • Permanent Link

The press release from Beckley Psytech Limited provides a comprehensive overview of their financial performance for the years ended December 31, 2024, 2023, and 2022. The consolidated financial statements reveal significant changes in various key metrics over the three-year period.

In the Consolidated Statement of Comprehensive Loss, the company reported a substantial increase in operating expenses from (£2,613,000) in 2022 to (£9,302,000) in 2023 and (£7,984,000) in 2024. This indicates a rising trend in operating expenses over the three-year period.

The Consolidated Statement of Financial Position shows an increase in non-current assets from £49,893,000 in 2023 to £50,472,000 in 2024. This suggests a slight growth in the company's non-current assets.

The Consolidated Statement of Changes in Equity reflects a notable increase in the share premium from £75,569,000 in 2023 to £95,656,000 in 2024, indicating a significant rise in the share premium over the one-year period.

Additionally, the Consolidated Statement of Cash Flows reveals that the company reported a loss before income taxes of (£37,496,000) in 2022, which reduced to (£14,068,000) in 2023, and further decreased to (£30,853,000) in 2024, indicating fluctuations in the loss before income taxes over the three-year period.

These financial metrics demonstrate the company's evolving financial performance and provide insights into its operational and strategic developments over the years. Today the company's shares have moved 3.42% to a price of $5.45. For more information, read the company's full 8-K submission here.

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