NasdaqGS:NVAXBiotechs
Novavax (NVAX) Stock Faces Revenue Slump As Losses Deepen
Novavax stock inched up about 3% to US$7.95 into the Q2 print, a modest move for a biotech that just posted another quarterly loss. The headline this quarter is not the loss itself. It is the pressure on the income statement as revenue for Q2 came in at US$56.7m and net loss reached US$53.4m.
In the very short term traders are reacting to that mix of revenue and red ink. Long term holders are more likely focused on the gap between the current P/S multiple and valuation models that point to a...