NASDAQ$NKTR

Nektar Therapeutics · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Nektar's financial performance for Q2 2024 was reported.

Nektar Therapeutics reported revenue of $23.5 million and a net loss of $52.4 million for the second quarter of 2024. The company's cash and investments are expected to support operations into the third quarter of 2026.

  • Revenue for the second quarter of 2024 was $23.5 million, compared to $20.5 million in the second quarter of 2023.
  • Net loss for the second quarter of 2024 was $52.4 million, or $0.25 loss per share, compared to a net loss of $51.1 million, or $0.27 loss per share in the second quarter of 2023.
  • Cash and investments in marketable securities were $290.6 million as of June 30, 2024.
  • Enrollment is on track for topline data in the first half of 2025 for atopic dermatitis and topline data in mid-2025 for alopecia areata.

Headline financials

Total Revenue

$23.5M

Previous: $20.5M+14.6%
EPS

-$0.25

Previous: -$0.27+7.4%
Non-cash royalty revenue

$16.8M

Previous: $15.8M+6.1%
R&D expense

$29.7M

No prior period
G&A expense

$20.5M

No prior period
Restructuring & impairment

$13.3M

No prior period
Non-cash interest expense

-$6.41M

No prior period
Interest income

$3.9M

No prior period
Capital Expenditures

-$343K

Previous: -$595K+42.4%
Free Cash Flow

-$52.7M

Previous: -$51.7M-1.9%
Net Income

-$52.4M

Previous: -$51.1M-2.4%
Operating Income

-$49.8M

Previous: -$50.6M+1.6%
Gross Profit

$13.7M

Previous: $13.5M+1.8%

Revenue & EPS history

Nektar · Revenue · Quarterly

$23.5M

Q2 2024+14.6%vs Q2 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Nektar expects its cash and marketable securities to support strategic development activities and operations into the third quarter of 2026.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+0.7%

Avg return

Earnings day

+1.5%

Avg return

5 days after

-3.8%

Avg return

30 days after

50%

32 / 64 earnings

Positive

+24.8%

Q3 2017

Best reaction

-27.4%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%-7.9%-32.6%
Q4 2025+4.0%+4.0%+10.1%
Q3 2025+1.9%+4.6%+3.2%
Q1 2025-4.1%+16.1%+8.1%
Q4 2024-0.6%+7.3%-24.4%
Q3 2024+0.7%-5.8%-26.6%
Q2 2024-5.9%-2.5%-5.1%
Q1 2024+7.3%+7.9%-23.2%
Q4 2023+13.3%+16.7%+33.3%
Q3 2023-5.6%-15.1%-3.8%
Q2 2023-10.8%-8.8%-42.2%
Q1 2023-2.6%-5.2%-22.1%
Q4 2022+8.6%+12.9%-54.0%
Q3 2022+3.6%+4.1%-16.2%
Q2 2022+9.2%+5.4%-10.3%
Q1 2022-6.7%-17.0%-22.1%
Q4 2021+10.0%+5.2%-44.2%
Q3 2021-21.0%-18.8%-36.4%
Q2 2021+1.0%-4.0%+1.6%
Q1 2021+7.6%+3.3%-8.3%
Q4 2020-0.4%+4.3%-12.2%
Q3 2020+2.7%-0.8%+2.5%
Q2 2020+0.5%-6.2%-13.0%
Q1 2020+6.3%+11.3%+14.0%
Q4 2019-2.8%-9.2%-19.5%
Q3 2019+0.9%+13.2%+10.3%
Q2 2019-27.4%-34.5%-40.9%
Q1 2019+10.5%+1.7%+2.9%
Q4 2018-7.1%-6.4%-18.1%
Q3 2018-2.1%+2.5%+2.5%
Q2 2018+8.7%+8.6%+19.0%
Q1 2018+2.1%+7.2%-30.4%
Q4 2017+18.8%+13.3%+22.8%
Q3 2017+24.8%+33.9%+125.8%
Q2 2017-7.8%-9.8%+11.0%
Q1 2017+5.8%+9.9%+4.1%
Q4 2016+13.1%+9.9%+79.4%
Q3 2016-1.1%+5.1%-0.6%
Q2 2016+1.6%+0.5%+7.4%
Q1 2016-12.3%
Q4 2015-0.2%
Q3 2015+4.3%
Q2 2015-5.6%
Q1 2015+13.3%
Q4 2014-2.7%
Q3 2014-1.8%
Q2 2014+7.4%
Q1 2014-2.9%
Q4 2013-2.5%
Q3 2013+15.8%
Q2 2013+11.9%
Q1 2013-4.1%
Q4 2012+1.6%
Q3 2012-14.1%
Q2 2012+0.6%
Q1 2012-1.0%
Q4 2011+9.5%
Q3 2011-1.5%
Q2 2011-5.4%
Q1 2011+3.6%
Q4 2010-4.9%
Q3 2010-4.8%
Q2 2010-2.2%
Q1 2010-10.8%

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