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1.30550007181106E-05 -0.00194519510698572 0.000665805036619349 0.00131855507252059 0.0483165576574108 0.0796485593806709 0.0261230564367681 -0.00678860037337297
Stock impact report

Novavax reports large quarterly revenue declines, rethinks its strategic direction [Yahoo! Finance Canada]

Novavax, Inc. (NVAX) 
Last novavax, inc. earnings: 3/11 04:17 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.novavax.com/investor-relations
Novavax (NVAX) reported a large fourth quarter sales decline Thursday — and said it no longer wants to be known simply as a vaccine maker. The COVID-19 vaccine company, based in Maryland, said during its earnings report that it would move from developing products to instead partnering with larger pharmaceutical companies and licensing its drug technology. Novavax reported $88 million in revenues in the fourth quarter, compared to $291 million the year prior, and $682 million for the full year 2024, compared to $984 million the previous year. The sharp decline reflected slumping sales of its COVID-19 vaccine — similar to other vaccine makers. Sales figures also reflected revenues of $200 million from the sale of a manufacturing facility in the Czech Republic to Novo Nordisk (NVO) Wall Street expected $84 million in revenues for the quarter and a loss per share of $0.75 for the quarter. The company reported a loss of $0.51 for the quarter, beating estimates, and loss of $1.23 per Show less Read more
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