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Stock impact report

Nektar (NKTR) Q4 Loss Wider Than Expected, Revenue Beat [Yahoo! Finance]

Nektar Therapeutics (NKTR) 
Last nektar therapeutics earnings: 2/27 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.nektar.com/investor-relations
Company Research Source: Yahoo! Finance
In the year-ago quarter, the company had incurred a loss of 32 cents per share. Total revenues increased 8.5% year over year to $23.9 million during the fourth quarter. Revenues beat the Zacks Consensus Estimate of $17 million. Quarter in Detail In the fourth quarter, product sales increased around 25.2% from the year-ago quarter's levels to $5.5 million. Non-cash royalty revenues were $18.1 million, up 2.5% from the year-ago quarter. Non-cash royalty revenues were better than our model estimate of $15 million. License, collaboration and other revenues were $0.3 million in the reported quarter compared with $0.01 million reported in the year-ago quarter. Research and development (R&D) expenses declined 13.8% to $29.9 million due to the winding down of the development of bempegaldesleukin (bempeg). NKTR stopped all clinical studies on bempeg in April 2022. General and administrative (G&A) expenses declined 21% year over year to $17.3 million due to the discontinuation of Show less Read more
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