GAITHERSBURG, Md. (AP) — GAITHERSBURG, Md. (AP) — Novavax Inc. (NVAX) on Thursday reported a loss of $81 million in its fourth quarter.
On a per-share basis, the Gaithersburg, Maryland-based company said it had a loss of 51 cents.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 75 cents per share.
The vaccine maker posted revenue of $88.3 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $86.4 million.
For the year, the company reported a loss of $187.5 million, or $1.23 per share. Revenue was reported as $682.2 million.
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