NASDAQ$VXRT

Vaxart Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Vaxart's topline data from two Phase 2 trials of norovirus program was released and the company ended the quarter with $53.0 million in cash, cash equivalents, restricted cash and marketable securities.

Vaxart announced its Q3 2023 financial results, highlighting topline data from Phase 2 trials of its norovirus program. The company's monovalent norovirus candidate showed potential in reducing norovirus infection, acute gastroenteritis, and viral shedding. Vaxart ended the quarter with $53.0 million in cash, cash equivalents, restricted cash and marketable securities, anticipating cash runway into Q3 2024.

  • Norovirus challenge study topline results indicate the potential of Vaxart's oral pill vaccine candidate to reduce rates of norovirus infection, norovirus acute gastroenteritis and viral shedding
  • Clinical proof of concept for the Company's oral pill vaccine platform now established in two human challenge studies for norovirus and influenza
  • Vaxart ended the third quarter of 2023 with cash, cash equivalents, restricted cash and marketable securities of $53.0 million
  • General and administrative expenses were $4.9 million for the third quarter of 2023

Headline financials

Total Revenue

$2.1M

Previous: $0.00
EPS (adj)

-$0.11

Previous: -$0.23+52.2%
Capital Expenditures

-$1.98M

Previous: -$5.7M+65.4%
Free Cash Flow

-$19.4M

Previous: -$35M+44.7%
Net Income

-$17.4M

Previous: -$29.3M+40.6%
Operating Income

-$17.8M

Previous: -$29.4M+39.4%
Gross Profit

-$754K

Previous: $0.00
Cash & Equivalents

$53M

Previous: $50.8M+4.4%
Total Assets

$106M

Previous: $175M-39.7%
R&D Expense

$15M

No prior period
Stock-Based Comp

$3.84M

Previous: $3.64M+5.5%

Revenue & EPS history

Vaxart · Revenue · Quarterly

$2.1M

Q3 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Vaxart anticipates it has cash runway into the third quarter of 2024.

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 Q3 2023

Historical avgQ3 2023

-1.4%

Avg return

Earnings day

-0.2%

Avg return

5 days after

-3.7%

Avg return

30 days after

37%

23 / 62 earnings

Positive

+22.7%

Q1 2024

Best reaction

-23.1%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.4%-8.8%-19.5%
Q4 2025-13.0%-14.9%-14.9%
Q3 2025+11.6%+5.4%+0.0%
Q1 2025-0.7%+19.0%+66.7%
Q4 2024-9.1%-19.3%-40.4%
Q3 2024-12.8%-15.3%-18.1%
Q2 2024-2.7%+0.0%+48.3%
Q1 2024+22.7%+35.2%+7.0%
Q4 2023-4.4%+2.7%-19.5%
Q3 2023+8.4%+12.3%+12.3%
Q2 2023+1.3%-3.9%+9.2%
Q1 2023+0.0%+0.0%+44.8%
Q4 2022+0.0%-10.1%-16.5%
Q3 2022-11.9%+16.1%-20.3%
Q2 2022+3.4%+1.2%-31.1%
Q1 2022-9.6%-6.2%+5.1%
Q4 2021+18.9%+12.8%+13.9%
Q3 2021-8.0%-6.7%-12.9%
Q2 2021+5.4%+11.6%+4.9%
Q1 2021-18.7%-33.2%-31.7%
Q4 2020-2.6%-2.7%-18.4%
Q3 2020+10.0%+23.0%+61.4%
Q2 2020-4.9%+11.3%-49.0%
Q1 2020+1.1%-2.1%-20.7%
Q4 2019-23.1%-27.4%-15.0%
Q3 2019-2.9%-11.4%-8.6%
Q2 2019+21.1%+17.5%+22.8%
Q1 2019+8.5%+9.9%-8.5%
Q4 2018-9.5%-12.2%-25.3%
Q3 2018-15.8%-12.1%+0.7%
Q2 2018+0.6%-1.0%+0.3%
Q1 2018-5.3%-1.8%+1.8%
Q4 2017+4.8%+0.0%+9.5%
Q3 2017-2.0%+0.0%-6.0%
Q2 2017-1.7%-1.7%-46.6%
Q1 2017-8.3%-4.1%-33.2%
Q4 2016+0.0%+11.3%+12.0%
Q3 2016-3.1%
Q2 2016-15.2%
Q1 2016+7.6%
Q4 2015-4.6%
Q3 2015-3.1%
Q2 2015-2.4%
Q4 2014-0.8%
Q1 2015-0.8%
Q3 2014-6.3%
Q2 2014+0.2%
Q1 2014+1.5%
Q4 2013+1.5%
Q3 2013-0.8%
Q2 2013+2.6%
Q1 2013+0.6%
Q4 2012-1.8%
Q3 2012+1.1%
Q4 2011+0.0%
Q3 2011-1.0%
Q2 2010-5.2%
Q2 2011-5.2%
Q1 2011+0.9%
Q4 2010+2.0%
Q3 2010+0.2%
Q1 2010-7.0%

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