Vaxart, inc. (VXRT)
Income statement / Yearly
Dec'19Dec'18Dec'17Jun'17Jun'16Jun'15Jun'14Jun'13Jun'12Dec'11Jun'11Dec'10Dec'09
Revenue:
Royalty revenue

-

-

-

5,700

9,100

16,100

15,100

9,600

8,800

-

9,500

-

-

Non-cash royalty revenue related to the sale of future royalties

-

-

-

3,200

200

0

0

-

-

-

-

-

-

Revenue from services

-

-

-

-

-

8,400

53,500

23,200

11,000

-

600

-

-

Other

-

-

-

-

-

100

100

800

600

-

2,400

-

-

Revenues, Total

-

-

5,839

8,900

9,300

24,600

68,700

33,600

20,400

14,838

12,500

35,005

10,489

Revenue

9,862

4,159

-

-

-

-

-

-

-

-

-

-

-

Operating expenses:
Cost of revenue

-

-

-

-

-

3,600

51,100

19,700

9,900

1,463

2,500

3,951

1,988

Research and development

14,540

17,275

12,355

28,300

26,300

19,800

17,500

19,900

24,100

17,765

33,500

26,078

16,490

In-process research and development

-

-

-

-

-

17,600

0

0

-

-

-

-

-

General and administrative

6,187

6,681

3,499

8,000

8,000

9,400

10,200

18,000

9,400

5,372

7,000

6,174

9,987

Impairment of intangible assets

-

1,600

-

-

-

-

-

-

-

-

-

-

-

Costs of exit from leased premises

-

359

-

-

-

-

-

-

-

-

-

-

-

Restructuring costs

4,920

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of assets

-

-

-

-

-

-200

0

0

-

-

-

-

-

Total operating expenses

-

-

15,854

36,400

34,500

44,100

80,200

55,700

43,300

-

43,000

-

-

Total operating expenses

25,647

25,915

-

-

-

-

-

-

-

24,600

-

36,203

28,465

Operating loss

-15,785

-21,756

-10,015

-27,500

-25,200

-19,500

-11,500

-22,100

-22,900

-9,762

-30,500

-1,198

-17,976

Other income and (expenses):
Bargain purchase gain

-

6,760

-

-

-

-

-

-

-

-

-

-

-

Interest income

149

58

-

-

-

-

-

-

3,200

-

4,300

-

-

Total other income

-

-

-

-

-

-

-

-

-

-

4,300

-

-

Loss before tax

-

-

-

-29,100

-25,400

-19,200

-11,300

-8,800

-19,700

-

-26,200

-

-

Interest income

-

-

53

-

-

-

-

-

-

194

-

230

368

Interest expense

315

821

3,036

-

-

-

-

-

-

-

-

210

1,071

Non-cash interest expense related to sale of future royalties

2,073

1,859

-

1,800

300

0

0

-

-

-

-

-

-

Gain (loss) on sale of equipment

1

-11

69

-

-

-

-

-

-

-

-

-

-

Loss on revaluation of financial instruments

-

-3

-

-

-

-

-

-

-

-

-

-

-

Loss on debt extinguishment

-100

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) gain on revaluation of financial instruments, net

-

-

3,347

-

-

-

-

-

-

-

-

-

-

Foreign exchange gain, net

-32

-266

-

-100

-200

6,500

-1,400

1,900

100

-

0

-

-

Gain recorded on merger

-

-

-

-

-

-

-

7,600

-

-

-

-

-

Gain recorded on merger

-

-

-

-

-

-

-

-

-

-

0

-

-

Research and development credit

-

-

-

-

-

-

-

4,400

-

-

0

-

-

Other income

-

-

-

-

-

300

200

1,300

-

-

-

-

-

Total other income and (expenses)

-2,370

3,858

433

-1,600

-200

300

200

13,300

3,200

-

-

-

-

Other income (expense), net

-

-

-

-

-

-

-

-

-

37

-

291

-48

Net loss before income taxes

-18,155

-17,898

-9,582

-

-

-

-

-

-

-9,531

-

-887

-18,727

Provision for income taxes

490

109

-

300

0

-100

-300

100

-500

-2,018

-800

-1,765

-

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-7,513

-

878

-18,727

Income from discontinued operations, net of tax provision

-

-

-

-

-

-

-

-

-

2,982

-

-

-

Net loss

-18,645

-18,007

-9,582

-29,400

-25,400

-19,100

-11,000

-8,900

-19,200

-4,531

-25,400

878

-18,727

Series B and C preferred dividend

-

339

2,878

-

-

-

-

-

-

-

-

-

-

Net comprehensive loss attributable to common stockholders

-18,645

-18,346

-

-

-

-

-

-

-

-

-

-

-

Net comprehensive (loss) income attributable to common stockholders

-

-

-12,460

-

-

-

-

-

-

-

-

-

-

Net loss per share - basic and diluted (in dollars per share)

-0.86

-2.90

-91.65

-0.76

-0.66

-0.54

-0.35

-0.32

-0.85

-

-

-

-

Shares used to compute net loss per share - basic and diluted (in shares)

21,569

6,316

135

38,644

38,635

35,360

31,347

28,217

22,713

-

-

-

-

Net (loss) income per share - basic (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-1.12

-

-

Net (loss) income per share - diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-1.12

-

-

Continuing operations

-

-

-

-

-

-

-

-

-

-0.18

-

0.02

-0.37

Discontinued operations

-

-

-

-

-

-

-

-

-

0.07

-

-

-

Continuing operations

-

-

-

-

-

-

-

-

-

-0.18

-

0.02

-0.37

Discontinued operations

-

-

-

-

-

-

-

-

-

0.07

-

-

-

Shares used to compute net (loss) income per share - basic (in shares)

-

-

-

-

-

-

-

-

-

42,336

22,567

44,312

50,633

Shares used to compute net (loss) income per share - diluted (in shares)

-

-

-

-

-

-

-

-

-

42,336

22,567

44,440

50,633

Net loss

-18,645

-18,007

-9,582

-29,400

-25,400

-19,100

-11,000

-8,900

-19,200

-4,531

-25,400

878

-18,727

Exchange differences on translation of foreign operations

-

-

-

-

-

-7,800

1,500

-4,200

-3,000

-

18,800

-

-

Change in fair value of available for sale investments

-

-

-

-

-

-100

0

0

-

-

-

-

-

Total comprehensive loss

-

-

-

-

-

-27,000

-9,500

-13,100

-22,200

-

-6,600

-

-

Customer Service Contracts [Member]
Revenue

406

-

-

-

-

-

-

-

-

-

-

-

-

Government Contract [Member]
Revenue from Contract with Customer, Including Assessed Tax

-20

1,344

-

-

-

-

-

-

-

-

-

-

-

Revenues, Total

-

-

5,839

-

-

-

-

-

-

-

-

-

-

Royalty [Member]
Revenue

4,446

1,340

-

-

-

-

-

-

-

-

-

-

-

Non Cash Royalty Revenue [Member]
Revenue

5,030

1,475

-

-

-

-

-

-

-

-

-

-

-