NASDAQ$NVAX

Novavax Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced financial results for Q4 and twelve months ended December 31, 2022.

Novavax reported its Q4 and full year 2022 financial results, highlighting near-term priorities including delivering a competitive product for the 2023 fall vaccination season, reducing the rate of spend and managing cash flow, and leveraging the technology platform to drive additional value.

  • Identified three near-term priorities: delivering a competitive product for the upcoming 2023 fall vaccination season.
  • Identified three near-term priorities: reducing rate of spend, managing cash flow, and evolving scale and structure.
  • Identified three near-term priorities: leveraging technology platform, capabilities, and portfolio of assets to drive additional value beyond Nuvaxovid alone.
  • Current cash flow forecast for the one-year going concern look forward period estimates that Novavax has sufficient capital available to fund operations, but this forecast is subject to significant uncertainty.

Headline financials

Total Revenue

$357M

Previous: $222M+60.8%
EPS (adj)

-$2.28

Previous: -$11.18+79.6%
Net Income

-$182M

Previous: -$846M+78.5%
Operating Income

-$244M

Previous: -$825M+70.4%
Gross Profit

$106M

Previous: $219M-51.5%
Cash & Equivalents

$1.34B

Previous: $1.5B-10.9%
Total Assets

$2.26B

Previous: $2.58B-12.3%
Stock-Based Comp

$27.8M

Previous: $32.2M-13.7%

Revenue & EPS history

Novavax · Revenue · Quarterly

$357M

Q4 2022+60.8%vs Q4 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Novavax · $2.23M total across 1 segment · Q3 2023

  • Product sales
    $2.23M

Forward guidance

Novavax intends to focus the organization to align investments and activities with the top priority of delivering an updated Covid-19 vaccine for the 2023 fall vaccination season. To maximize opportunities and mitigate the significant risks and uncertainties of the COVID-19 market, Novavax aims to reduce spend, extend cash runway and operate efficiently to best position the company to deliver long-term growth.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+2.5%

Avg return

Earnings day

+5.0%

Avg return

5 days after

+11.8%

Avg return

30 days after

36%

23 / 64 earnings

Positive

+193.3%

Q1 2024

Best reaction

-33.2%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+15.6%+17.3%+17.0%
Q4 2025+0.5%-0.4%-11.3%
Q3 2025-3.0%-3.3%-10.1%
Q1 2025+11.6%+4.0%+25.2%
Q4 2024-3.6%+4.9%-4.4%
Q3 2024-13.8%-18.8%+0.1%
Q2 2024+8.3%+13.5%+8.6%
Q1 2024+193.3%+188.6%+306.5%
Q4 2023-17.9%-8.8%-20.6%
Q3 2023-8.2%-8.2%-18.1%
Q2 2023-5.3%-2.1%+21.7%
Q1 2023+20.7%+13.4%+3.2%
Q4 2022-20.9%-11.3%-24.0%
Q3 2022-4.1%+28.9%-10.9%
Q2 2022-33.2%-31.2%-49.2%
Q1 2022-6.0%-9.4%-12.5%
Q4 2021+2.6%-12.1%-8.4%
Q3 2021-18.4%-13.3%-17.8%
Q2 2021-15.2%+2.9%+12.4%
Q1 2021-21.5%-25.2%+19.1%
Q4 2020-10.9%-24.4%-21.6%
Q3 2020-12.4%+7.5%+28.2%
Q2 2020-12.2%-14.0%-46.7%
Q1 2020+112.6%+132.9%+140.0%
Q4 2019-12.8%-35.1%+60.1%
Q3 2019+3.8%-6.3%-1.6%
Q2 2019-8.2%-15.5%+15.5%
Q1 2019-7.8%-21.6%-44.3%
Q4 2018+7.8%+5.9%+3.9%
Q3 2018-3.7%-10.5%+7.3%
Q2 2018+22.5%+13.3%+24.2%
Q1 2018-1.2%+4.3%-1.2%
Q4 2017-4.2%-2.8%-15.3%
Q3 2017+0.9%+0.0%+24.8%
Q2 2017+3.1%+4.2%+22.9%
Q1 2017+14.9%+35.1%+43.2%
Q4 2016+9.4%+6.5%-7.2%
Q3 2016-3.4%-6.9%+0.7%
Q2 2016-9.2%-6.4%-0.3%
Q1 2016-8.9%
Q4 2015-0.2%
Q3 2015-12.2%
Q2 2015+28.3%
Q1 2015+4.4%
Q4 2014-1.9%
Q3 2014-7.2%
Q2 2014-5.0%
Q1 2014-7.1%
Q4 2013-0.8%
Q3 2013+3.2%
Q2 2013-10.8%
Q1 2013-8.9%
Q4 2012-0.5%
Q3 2012-1.8%
Q2 2012+0.5%
Q1 2012-5.7%
Q4 2011+0.0%
Q3 2011+0.0%
Q2 2011+5.9%
Q1 2011+0.4%
Q4 2010+0.0%
Q3 2010+1.3%
Q2 2010-1.3%
Q1 2010+14.9%

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