Nektar Q4 2023 Earnings Report
Key Takeaways
Nektar Therapeutics reported Q4 2023 financial results, with revenue increasing to $23.9 million compared to $22.0 million in Q4 2022. The company's cash and investments in marketable securities were $329.4 million as of December 31, 2023, expected to support operations into Q3 2026. Net loss for the quarter was $42.1 million, an improvement from the $59.7 million loss in the same period last year.
Revenue increased to $23.9 million in Q4 2023 from $22.0 million in Q4 2022.
Cash and investments in marketable securities totaled $329.4 million as of December 31, 2023.
Total operating costs and expenses decreased to $57.4 million in Q4 2023 from $74.5 million in Q4 2022.
Net loss improved to $42.1 million in Q4 2023 from $59.7 million in Q4 2022.
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Nektar Revenue by Segment
Forward Guidance
Nektar expects cash and marketable securities to support strategic development activities and operations into the third quarter of 2026.