Dynavax Technologies (NASDAQ:DVAX) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$73.8m (up 23% from 2Q 2023).

• Net income: US$11.4m (up 232% from 2Q 2023).

• Profit margin: 15% (up from 5.7% in 2Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$0.087 (up from US$0.027 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Dynavax Technologies EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 28%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 3.9% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Dynavax Technologies you should know about.

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