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 |
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 |