Vaxart Inc (OQ:VXRT)

Sector:  Healthcare Industry:  Biotechnology & Medical Research
 
See Regulatory Filings on SEC
Company Contact
Address: 170 Harbor Way, Suite 300
SOUTH SAN FRANCISCO CA 94080
Tel: N/A
Website: https://vaxart.com
IR: See website
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Key People
Michael J. Finney
Chairman of the Board
Steven Lo
President, Chief Executive Officer, Director
Phillip E. Lee
Chief Financial Officer, Principal Financial Officer, and Principal Accounting Officer
Sean N. Tucker
Senior Vice President, Chief Scientific Officer
Edward B. Berg
Senior Vice President, General Counsel
Raymond D. Stapleton
Chief Technology Officer
James F. Cummings
Chief Medical Officer
   
Business Overview
Vaxart, Inc. is a clinical-stage biotechnology company that is primarily focused on the development of oral recombinant vaccines based on its Vector-Adjuvant-Antigen Standardized Technology (VAAST) proprietary oral vaccine platform. Its vaccines are designed to be administered using pills that can be stored and shipped without refrigeration and eliminate the risk of needle-stick injury. Its development programs include pill vaccines designed to protect against norovirus (cause for acute gastroenteritis), coronavirus, including SARS-CoV-2 (COVID-19)), and influenza. In addition, it has generated preclinical data for its therapeutic vaccine candidate targeting cervical cancer and dysplasia caused by human papillomavirus. The Company's platform technology employs a vector-based approach and consists of various components, such as a vector (adenovirus type 5 (Ad5); an antigen (Ad5 DNA); an adjuvant (Toll-like receptor 3 (TLR3)), and its proprietary enteric-coated tablet.
Financial Overview
For the fiscal year ended 31 December 2023, Vaxart Inc revenues increased from $107K to $7.4M. Net loss decreased 23% to $82.5M. Revenues reflect Royalty Income - Business increase from $107K to $3.9M. Lower net loss reflects Research and development - Balancing decrease of 17% to $59.8M (expense), General and administrative - Balancing decrease of 33% to $16.8M (expense), Impairment of intangible assets decrease from $4.3M (expense) to $0K.
Employees: 109 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $91.38M as of Dec 31, 2023
Annual revenue (TTM): $7.38M as of Dec 31, 2023
EBITDA (TTM): -$74.72M as of Dec 31, 2023
Net annual income (TTM): -$82.47M as of Dec 31, 2023
Free cash flow (TTM): -$72.32M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 176,838,011 as of Apr 12, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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