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Biotech / Medical : NKTR Drug delivery Company
NKTR 53.98-6.5%Nov 13 3:59 PM EST

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From: Ian@SI11/2/2006 5:11:53 PM
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Up 4-5% AH.

Maybe I'll have to listen to the conf call.

Extract of the forward looking stuff from its PR...

++++++++++++++++++++++++++++++++++++++++++++++++

...
2006 Estimates

-- For the full year 2006, Nektar is increasing its total revenue
estimate range to $190 to $210 million from $170 to $200
million, including an increase in estimated Exubera
manufacturing and royalty revenue to $90 to $100 million from
$70 to $90 million, with most of the Exubera related revenue
being generated by manufacturing sales of Exubera to Pfizer.

-- The company is reducing its GAAP net loss estimates to a range
of $155 to $170 million from $160 to $175 million, and
non-GAAP net loss to $95 to $110 million from $100 to $115
million due to increased margins and R&D expenses which are
lower than planned. Non-GAAP net loss excludes the $17.7
million UAH litigation settlement charge, $22 million of
estimated SFAS 123R non-severance stock based compensation
charges, and approximately $20 million of estimated charges
related to restructuring and severance. See the supplemental
table attached to this press release entitled "Reconciliation
of Non-GAAP Projected Financial Guidance for 2006."

-- The company is not changing its estimates of 2006 cash, cash
equivalents, and short-term investments and investments in
marketable securities which remain at an approximate range of
$415 to $440 at the end of the year.

2007 Preliminary Estimates

The company is providing preliminary financial performance
guidance for the full year 2007 as follows:

-- Total revenue for 2007 in the range of $210 to $250 million,
including Exubera revenue of $110 to $130 million, with most
of the estimated Exubera revenue based on estimated
manufacturing sales of Exubera to Pfizer.

-- GAAP net loss of $110 to $130 million.

-- Non-GAAP net loss of $75 to $95 million. Non-GAAP net loss
excludes approximately $35 million of estimated SFAS 123R
stock based compensation charges. See the supplemental table
attached to this press release entitled "Reconciliation of
Non-GAAP Projected Financial Guidance for 2007."
...
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