earnings
confidence high
sentiment positive
materiality 0.80
Vaxart reports Q3 revenue $72.4M, net loss $8.1M; signs Dynavax COVID-19 pill license deal worth up to $700M
Vaxart, Inc.
- Revenue $72.4M (vs $4.9M Q3 2024) from BARDA contract; net loss $8.1M ($0.04 EPS) vs $14.1M loss.
- Exclusive license with Dynavax: $25M upfront + $5M equity; up to $700M in milestones and royalties.
- Phase 2b COVID-19 trial enrollment completed (~5,400); topline data expected late 2026, sentinel cohort Q1 2026.
- Cash, equivalents, investments $28.8M; with Dynavax payment runway extended to Q2 2027.
- Phase 1 norovirus oral vaccine data shows robust fecal IgA; partnership discussions ongoing.