Vaxart, inc. (VXRT)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue:
Royalty revenue

-

-

-

-

-

-

-

-

-

4,100

-

5,700

6,200

7,300

7,500

9,100

12,800

13,000

17,800

16,100

13,000

15,600

15,100

15,100

21,800

15,600

0

-

0

0

-

-

0

0

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

3,700

-

3,200

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenue from services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,400

16,000

37,000

42,000

53,500

55,000

38,400

34,100

23,200

16,079

14,400

0

-

0

0

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

100

700

400

700

800

222

641

0

-

0

0

-

-

-

-

-

Revenues, Total

-

-

-

-

-

-

-

-

6,972

7,779

8,879

8,064

6,810

9,800

7,700

9,300

12,800

13,400

25,600

24,600

28,900

52,500

57,100

68,700

69,500

52,500

44,400

33,600

25,031

19,621

11,314

10,900

14,013

16,096

26,338

30,101

0

0

0

Revenue

7,357

9,862

6,227

6,381

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses:
Cost of revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,600

13,300

32,300

42,100

51,100

48,400

33,200

28,900

19,700

17,540

15,227

11,056

9,900

5,609

4,447

2,361

2,632

0

0

0

Research and development

12,253

14,540

15,723

16,391

17,696

17,275

15,301

13,167

12,479

12,950

20,650

26,003

27,679

32,300

28,400

26,300

25,600

21,900

20,400

19,800

20,700

20,000

19,400

17,500

17,500

17,900

18,300

19,900

15,030

16,243

17,370

17,158

22,284

21,906

22,980

25,117

0

0

0

General and administrative

6,151

6,187

6,082

6,301

6,697

6,681

8,555

7,505

6,387

6,077

5,077

6,653

7,400

8,000

8,000

8,000

7,800

8,700

9,200

9,400

10,400

9,700

10,200

10,200

12,300

13,200

17,200

18,000

15,876

14,696

9,449

7,540

6,790

5,912

5,474

5,379

0

0

0

Impairment of intangible assets

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of property and equipment

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of intangible assets

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring costs

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of property and equipment

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

-

-

-

-

-

-

-

-

-

18,005

24,805

31,634

34,057

40,000

35,800

34,500

51,200

45,500

44,800

44,100

38,900

60,400

71,500

80,200

77,000

63,200

62,800

55,700

49,720

47,729

0

-

0

0

-

-

-

-

-

Total operating expenses

23,388

25,647

22,058

23,051

26,352

25,915

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

24,600

30,815

0

0

0

-

Operating loss

-16,031

-15,785

-14,345

-15,511

-18,289

-21,756

-20,470

-16,546

-11,894

-10,226

-15,926

-23,570

-27,247

-30,200

-28,100

-25,200

-38,400

-32,100

-19,200

-19,500

-10,000

-7,900

-14,400

-11,500

-7,500

-10,700

-18,400

-22,100

-18,475

-21,105

-21,721

-18,858

-20,670

-16,169

-4,477

-3,027

0

0

0

Other income and (expenses):
Bargain purchase gain

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bargain purchase gain

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

185

149

103

56

58

58

52

0

0

0

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

1,839

2,480

0

-

0

0

-

-

-

-

-

Loss before tax

-

-

-

-

-

-

-

-

-

-18,700

-

-29,100

0

0

0

-

0

0

-

-19,200

-9,600

-7,600

-14,200

-11,300

-7,200

-10,200

-5,500

-8,800

-4,391

-12,166

0

-

0

0

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

53

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

194

229

264

0

0

0

Interest expense

-

315

407

452

491

821

1,471

2,110

2,729

3,036

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Non-cash interest expense related to sale of future royalties

2,020

2,073

2,121

2,153

2,105

1,859

1,698

1,166

698

400

500

900

1,200

1,200

700

300

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on sale of equipment

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on revaluation of financial instruments

-

-

-

-

-

-3

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) gain on revaluation of financial instruments, net

-

-

-

-

-

-

-

-

-

3,347

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign exchange gain, net

-

-32

-83

-112

-263

-266

-215

-197

2

0

-100

0

0

300

600

-200

-200

3,200

4,500

6,500

5,700

1,600

200

-1,400

-1,100

-100

0

-

0

0

-

-

-

-

-

-

-

-

-

Gain recorded on merger

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

Gain recorded on merger

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Research and development credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

-

-

-

-

-

-

Total other income and (expenses)

-2,179

-2,370

-2,419

-2,572

-3,040

3,858

4,094

4,545

5,225

-1,581

-1,581

-1,764

-1,649

-1,100

-700

-200

100

200

300

300

0

0

0

-

-

-

-

-

0

0

-

-

0

-

-

-

-

-

-

Net income (loss) before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

37

90

166

0

0

0

Net loss before income taxes

-18,210

-18,155

-16,764

-18,083

-21,329

-17,898

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-9,531

-4,171

0

0

0

-

Provision for income taxes

393

490

374

343

331

109

129

129

128

100

100

100

0

0

0

-

0

0

-

-100

-200

-200

-200

-300

100

100

100

100

-917

-771

-1,291

-3,209

0

0

0

-

-

0

-

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-7,513

-388

0

0

0

-

Income from discontinued operations, net of tax provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Net loss

-18,603

-18,645

-17,138

-18,426

-21,660

-18,007

-16,505

-12,130

-6,797

-11,907

-17,607

-25,434

-28,996

-31,400

-28,800

-25,400

-38,200

-31,800

-18,800

-19,100

-9,400

-7,400

-14,000

-11,000

-7,300

-10,300

-5,600

-8,900

-5,133

-7,370

-19,025

-11,747

-13,613

-9,596

2,594

-890

0

0

0

Series B and C preferred dividend

-

-

-

-

-

339

1,064

1,789

2,507

2,878

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net comprehensive loss attributable to common stockholders

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net comprehensive (loss) income attributable to common stockholders

-

-

-

-

-

-

-

-

-6,979

-12,460

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-0.02

0.03

-0.32

-0.39

-0.18

-

-0.92

-1.24

-

-0.09

-21.36

-31.37

-0.11

-0.24

-0.26

-

-0.14

-0.17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

60,677

48,130

16,249

14,597

7,301

-

7,141

7,141

-

38,649

135

135

38,647

38,640

38,640

-

38,640

38,636

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

0.54

-

-

-

-25.84

-

-

-

-

-

-0.17

-

0.03

0.19

-0.20

-

0.09

0.00

-0.14

-

0.01

0.16

-0.32

-

-0.09

-0.31

-

-

-

-

-0.08

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

-

-

-

-

-

-

-

-

0.49

-

-

-

-25.84

-

-

-

-

-

-0.17

-

0.03

0.19

-0.20

-

0.09

0.00

-0.14

-

0.01

0.16

-0.32

-

-0.09

-0.31

-

-

-

-

-0.08

Continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.06

-

-0.05

-0.07

-0.11

0.05

0.12

-

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.07

-

-

0.00

-

Continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.06

-

-0.05

-0.07

-0.11

0.05

0.12

-

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.07

-

-

0.00

-

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

-

-

-

-

-

-

-

-

3,656

-

-

-

135

-

-

-

-

-

38,624

-

35,105

35,100

35,029

-

33,890

28,291

28,291

-

28,162

28,137

22,806

42

22,709

22,695

42,397

42

42,137

42,356

44,377

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

-

-

-

-

-

-

-

-

5,299

-

-

-

135

-

-

-

-

-

38,624

-

35,143

35,103

35,029

-

34,260

28,291

28,291

-

28,182

28,352

22,806

42

22,709

22,695

42,397

42

42,246

42,538

44,377

Net loss

-18,603

-18,645

-17,138

-18,426

-21,660

-18,007

-16,505

-12,130

-6,797

-11,907

-17,607

-25,434

0

0

0

-

0

-

-

-19,100

-9,400

-7,400

-14,000

-11,000

-7,300

-10,300

-5,600

-8,900

-5,133

-7,370

-19,025

-11,747

-13,613

-9,596

2,594

-890

0

0

0

Exchange differences on translation of foreign operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,800

-6,800

-2,800

-1,300

1,500

-5,100

-5,900

-5,200

-4,200

3,110

5,616

0

-

0

0

-

-

-

-

-

Change in fair value of available for sale investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total comprehensive loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-27,000

-16,300

-10,300

-15,300

-9,500

-12,400

-16,200

-10,800

-13,100

-1,327

-6,076

0

-

0

0

-

-

-

-

-

Customer Service Contracts [Member]
Revenue

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues, Total

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Royalty [Member]
Revenue

3,556

4,446

4,026

4,105

4,106

1,340

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non Cash Royalty Revenue [Member]
Revenue

3,316

5,030

2,134

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-