Vaxart Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Steven Lo

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	3.1yrs
Board average tenure	3.3yrs

Recent management updates

Recent updates

CEO

Steven Lo (57 yo)

less than a year

Tenure

Mr. Steven Lo serves as President, CEO & Director of Vaxart, Inc. since March 18, 2024. He has been Director at Zosano Pharma Corporation since October 2019 and serves as its President and Chief Executive...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sean Tucker	Senior VP & Chief Scientific Officer	14.8yrs	US$1.14m	0.10% € 138.7k
James Cummings	Chief Medical Officer	3.3yrs	US$1.17m	0.063% € 84.4k
Steven Lo	President	less than a year	no data	no data
Phillip Eric Lee	CFO, Principal Financial Officer & Principal Accounting Officer	2yrs	no data	0.041% € 54.1k
Raymond Stapleton	Chief Technology Officer	2.3yrs	no data	no data
Edward Berg	Senior VP & General Counsel	2.8yrs	no data	0.050% € 66.3k
Shaily Garg	Senior Vice President of Clinical Development & Project Management	4.8yrs	no data	no data
Rajesh Kapoor	Senior Vice President of Quality	3.9yrs	no data	no data

3.1yrs

Average Tenure

56.5yo

Average Age

Experienced Management: NB11's management team is considered experienced (3.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Steven Lo	President	less than a year	no data	no data
Robert Yedid	Independent Director	5.2yrs	US$92.26k	0.0081% € 10.8k
Harry Greenberg	Member of Scientific & Clinical Advisory Board	3.3yrs	no data	no data
Elaine Heron	Independent Director	2.3yrs	US$89.08k	0.011% € 14.4k
Michael Finney	Independent Chairman of the Board	6.8yrs	US$109.57k	0.29% € 392.8k
Stefan Gravenstein	Member of Scientific & Clinical Advisory Board	3.3yrs	no data	no data
David Wheadon	Independent Director	3.7yrs	US$93.72k	0.0065% € 8.6k
Robert Belshe	Member of Scientific & Clinical Advisory Board	3.3yrs	no data	no data
William Watson	Independent Director	2.3yrs	US$94.76k	0.023% € 30.6k
Marion Pepper	Member of Scientific & Clinical Advisory Board	3.3yrs	no data	no data
Ralph Baric	Member of Scientific & Clinical Advisory Board	3.3yrs	no data	no data
Gregory Gray	Member of Scientific & Clinical Advisory Board	3.3yrs	no data	no data

3.3yrs

Average Tenure

66yo

Average Age

Experienced Board: NB11's board of directors are considered experienced (3.3 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 01:24
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Vaxart, Inc. is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mayank Mamtani	B. Riley Securities, Inc.
Charles Duncan	Cantor Fitzgerald & Co.
Vernon Bernardino	H.C. Wainwright & Co.

Vaxart Management

Management criteria checks 2/4

Key information

Recent management updates

Vaxart, Inc., Annual General Meeting, Jun 11, 2024

Vaxart, Inc. Announces Chief Executive Officer Changes

Vaxart, Inc. Announces CEO Changes

Vaxart, Inc. Names Phillip Lee as Chief Financial Officer

High number of new and inexperienced directors

Vaxart, Inc. Appoints Ray Stapleton as Chief Technology Officer

Recent updates

Vaxart Completes Enrollment of Sentinel Cohort in Phase 2b Study Evaluating Its COVID-19 Oral Pill Vaccine Candidate

Third quarter 2024 earnings released: US$0.062 loss per share (vs US$0.11 loss in 3Q 2023)

Vaxart, Inc. to Report Q3, 2024 Results on Nov 13, 2024

Vaxart, Inc. Announces Initiation of Sentinel Cohort for Phase 2B Study Evaluating its Covid-19 Oral Pill Vaccine Candidate

New major risk - Financial position

Vaxart Announces Publication in Vaccines of Preclinical Data Supporting the Potential of Its Mucosal Vaccine Technology Platform in Enabling Therapeutic Vaccination for Hpv-Related Cervical Dysplasia

Second quarter 2024 earnings released: US$0.089 loss per share (vs US$0.16 loss in 2Q 2023)

Vaxart, Inc. to Report Q2, 2024 Results on Aug 08, 2024

Vaxart Receives Written Notice from Nasdaq Due to Non-Compliance with the Minimum Bid Price Requirement Set Forth in Nasdaq Listing Rule 5550(a)(2) for Continued Listing on the Nasdaq Capital Market

Now 40% undervalued after recent price drop

Now 21% undervalued after recent price drop

Vaxart, Inc. Receives BARDA-Funded Project NextGen Award Valued Up to $453 Million to Conduct a Phase 2b Study Evaluating Its COVID-19 Oral Pill Vaccine Candidate

First quarter 2024 earnings released: US$0.14 loss per share (vs US$0.19 loss in 1Q 2023)

Vaxart, Inc. to Report Q1, 2024 Results on May 13, 2024

Vaxart, Inc., Annual General Meeting, Jun 11, 2024

Vaxart, Inc. to Report Fiscal Year 2023 Results on Mar 14, 2024

Vaxart, Inc. Announces Chief Executive Officer Changes

Nasdaq Notifies Vaxart's Eligibility for an Additional 180-Day Compliance Period, or Until July 15, 2024, to Regain Compliance with the Bid Price Requirement

New major risk - Share price stability

Vaxart, Inc. Announces CEO Changes

Vaxart, Inc. has filed a Follow-on Equity Offering in the amount of $10 million.

Now 21% undervalued after recent price drop

Vaxart, Inc. Announces Last Subject Dosed in Phase 1 Trial of Its Norovirus Vaccine Candidate in Lactating Mothers

Vaxart Doses First Subject in Phase 1 Trial of its Norovirus Vaccine Candidate in Lactating Mothers

Vaxart, Inc. to Report Q3, 2023 Results on Nov 02, 2023

New minor risk - Market cap size

Vaxart Announces Topline Data from the Phase 2 Challenge Study of Its Monovalent Norovirus Vaccine Candidate

Vaxart, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Vaxart Receives Written Notice from the Listing Qualifications Department of the Nasdaq Regarding Non-Compliance with the $1.00 Minimum Bid Price Requirement

Vaxart, Inc. Announces Positive Preliminary Topline Data from Dose-Ranging Phase 2 Study of its Bivalent Norovirus Vaccine Candidate

Vaxart, Inc.(NasdaqCM:VXRT) dropped from Russell 2000 Dynamic Index

Vaxart, Inc. Announces Last Subject Dosed in Phase 2 Trial of Its Bivalent Norovirus Candidate, and All Subjects Challenge Study of Monovalent Norovirus Candidate

First quarter 2023 earnings released: US$0.19 loss per share (vs US$0.20 loss in 1Q 2022)

Full year 2022 earnings released: US$0.84 loss per share (vs US$0.58 loss in FY 2021)

Vaxart, Inc. Doses First Subject in the Phase 2 Clinical Trial of Its Bivalent Norovirus Candidate

Vaxart, Inc. Names Phillip Lee as Chief Financial Officer

High number of new and inexperienced directors

Third quarter 2022 earnings released: US$0.23 loss per share (vs US$0.14 loss in 3Q 2021)

Vaxart, Inc. to Report Q3, 2022 Results on Nov 08, 2022

Vaxart, Inc. Announces Positive Top-line Phase II Clinical Study Data Demonstrating Safety and Immunogenicity of Its Wuhan S-Only COVID-19 Pill Vaccine Candidate

Vaxart, Inc. Appoints Ray Stapleton as Chief Technology Officer

Vaxart, Inc. Announces Board Changes

Vaxart, Inc. Appoints W. Mark Watson to Its Board of Directors

Second quarter 2022 earnings released: US$0.23 loss per share (vs US$0.13 loss in 2Q 2021)

Vaxart, Inc. to Report Q2, 2022 Results on Aug 08, 2022

Vaxart, Inc. Publishes Clinical Data Suggesting its Oral COVID-19 Pill Vaccine Candidate Induces Long-Lasting Mucosal Immune Responses that are Highly Cross-Reactive

Vaxart, Inc. Presents New Preclinical Data Demonstrate Two of it's COVID-19 Vaccine Candidates Protect Against Omicron

Vaxart Reports Positive Preliminary Data from the Phase 1b Trial of its Oral Norovirus Vaccine Candidates in Elderly Adults

Vaxart Announces the Publication of Studies in the Peer-Reviewed Journal Science Translational Medicine That Suggest Mucosal Immunization Could Decrease SARS-CoV-2 Transmission

Vaxart, Inc. Announces Management Changes

First quarter 2022 earnings released: US$0.20 loss per share (vs US$0.14 loss in 1Q 2021)

No longer forecast to breakeven

High number of new and inexperienced directors

Margaret Echerd Notifies as Senior Vice President and Principal Accounting Officer of Vaxart, Inc, Effective as of May 5, 2022

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Vaxart, Inc. Appoints Edward B. Berg as Senior Vice President and General Counsel

Forecast to breakeven in 2024

Vaxart to Test Cross-Reactivity of Its Covid-19 Oral Tablet Vaccine Against Omicron

Vaxart, Inc. (NasdaqCM:VXRT) acquired KindredBio's manufacturing equipment and GMP manufacturing facility in California from Kindred Biosciences, Inc.

No longer forecast to breakeven

Third quarter 2021 earnings released: US$0.14 loss per share (vs US$0.075 loss in 3Q 2020)

Forecast to breakeven in 2023

Second quarter 2021 earnings released: US$0.13 loss per share (vs US$0.12 loss in 2Q 2020)

Forecast to breakeven in 2023

Vaxart, Inc. Announces FDA Clearance IND Application for S-Only Oral Tablet COVID-19 Vaccine Candidate

No longer forecast to breakeven

No longer forecast to breakeven

Vaxart, Inc. Announces First Subject Enrolled in Phase 1B Norovirus Dose-Ranging Trial in Elderly Adults