•
Jun 30, 2024

Vaxart Q2 2024 Earnings Report

Vaxart announced its Q2 2024 financial results, highlighting a BARDA contract for COVID-19 program and progress in clinical and regulatory goals.

Key Takeaways

Vaxart reported its Q2 2024 financial results, securing a significant BARDA contract of up to $453 million for a Phase 2b trial of its oral COVID-19 vaccine. The company also reported positive Phase 1 data for its bivalent norovirus vaccine candidate and extended its cash runway.

Received a BARDA contract providing up to $453 million to support a Phase 2b trial for the oral COVID-19 vaccine candidate.

Reported positive Phase 1 data from the bivalent norovirus vaccine candidate in lactating mothers.

Extended cash runway through strategic financial management.

Preparing to initiate the COVID-19 Phase 2b trial, pending regulatory alignment with the FDA.

Total Revenue
$6.4M
Previous year: $1.36M
+371.4%
EPS
-$0.09
Previous year: -$0.16
-43.8%
Gross Profit
-$11.1M
Previous year: $231K
-4896.1%
Cash and Equivalents
$62.6M
Previous year: $67.9M
-7.8%
Free Cash Flow
-$12.4M
Previous year: -$17.9M
-30.8%
Total Assets
$114M
Previous year: $123M
-7.3%

Vaxart

Vaxart