NASDAQ$NKTR

Nektar Therapeutics · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Nektar's financial results for Q4 2021 were reported.

Nektar Therapeutics reported revenue of $25.0 million and a net loss of $145.6 million for the fourth quarter of 2021. The company's cash and investments in marketable securities were approximately $0.8 billion at the end of the year. Nektar is advancing its clinical pipeline in oncology, immunology, and virology.

  • Revenue for the fourth quarter of 2021 was $25.0 million, compared to $23.5 million in the fourth quarter of 2020.
  • Total operating costs and expenses in the fourth quarter of 2021 were $137.9 million, compared to $134.2 million in the fourth quarter of 2020.
  • R&D expense in the fourth quarter of 2021 was $99.6 million, compared to $102.7 million for the fourth quarter of 2020.
  • Net loss for the fourth quarter of 2021 was $145.6 million, or $0.79 basic and diluted loss per share, compared to a net loss of $117.2 million, or $0.65 basic and diluted loss per share in the fourth quarter of 2020.

Headline financials

Total Revenue

$25M

Previous: $23.5M+6.6%
EPS (adj)

-$0.79

Previous: -$0.65-21.5%
Capital Expenditures

$5.9M

Previous: $1.75M+236.1%
Free Cash Flow

-$157M

Previous: -$100M-56.8%
Net Income

-$146M

Previous: -$117M-24.2%
Operating Income

-$113M

Previous: -$111M-2.0%
Gross Profit

$18.8M

Previous: $19.1M-1.5%
Cash & Equivalents

$800M

Previous: $1.2B-33.3%
Total Assets

$1.12B

Previous: $1.54B-27.4%

Revenue & EPS history

Nektar · Revenue · Quarterly

$25M

Q4 2021+6.6%vs Q4 2020
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Forward guidance

Nektar expects topline results from three registrational trials evaluating bempegaldesleukin in combination with a checkpoint inhibitor in melanoma, renal cell carcinoma and bladder cancer in the first half of 2022.

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 Q4 2021

Historical avgQ4 2021

+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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