NASDAQ$NKTR

Nektar Therapeutics · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and full year ended December 31, 2022.

Nektar Therapeutics reported a decrease in revenue for Q4 2022 compared to Q4 2021, driven by a decrease in non-cash royalty revenue. The company is focused on reducing operating costs to extend its cash runway through at least the middle of 2025. Net loss decreased compared to the same period last year.

  • Cash and investments in marketable securities were approximately $505.0 million at the end of 2022.
  • Revenue in the fourth quarter of 2022 was $22.0 million, compared to $25.0 million in the fourth quarter of 2021.
  • Total operating costs and expenses in the fourth quarter of 2022 were $74.5 million, compared to $137.9 million in the fourth quarter of 2021.
  • Net loss for the fourth quarter of 2022 was $59.7 million, compared to a net loss of $145.6 million in the fourth quarter of 2021.

Headline financials

Total Revenue

$22M

Previous: $25M-11.9%
EPS (adj)

-$0.32

Previous: -$0.79+59.5%
Capital Expenditures

$512K

Previous: $5.9M-91.3%
Free Cash Flow

-$58.2M

Previous: -$157M+63.0%
Net Income

-$59.7M

Previous: -$146M+59.0%
Operating Income

-$52.5M

Previous: -$113M+53.5%
Gross Profit

$15.8M

Previous: $18.8M-16.2%
Cash & Equivalents

$505M

Previous: $800M-36.9%
Total Assets

$711M

Previous: $1.12B-36.4%

Revenue & EPS history

Nektar · Revenue · Quarterly

$22M

Q4 2022-11.9%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

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 2022

Historical avgQ4 2022

+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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