GAITHERSBURG, Md. (AP) — GAITHERSBURG, Md. (AP) — Novavax Inc. (NVAX) on Friday reported a loss of $147.6 million in its first quarter.
On a per-share basis, the Gaithersburg, Maryland-based company said it had a loss of $1.05.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.04 per share.
The vaccine maker posted revenue of $93.9 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $101.2 million.
Novavax expects full-year revenue in the range of $400 million to $600 million.
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