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NOVAVAX Reports Fourth Quarter and 2009 Year-End Financial Results
Date:3/12/2010

ROCKVILLE, Md., March 12 /PRNewswire-FirstCall/ -- Novavax, Inc. ( NVAX) today announced financial results for the fourth quarter and year ended December 31, 2009.  

Novavax reported a net loss of $14 million, or $0.15 per share, for the fourth quarter of 2009 compared to a net loss of $11.1 million, or $0.16 per share, in the fourth quarter of 2008.  For 2009, the company reported a net loss of $38.4 million, or $0.45 per share, compared to a net loss of $36 million, or $0.53 per share, for 2008. The primary reason for the increased loss in the comparative fourth quarter and year-over-year results are the number and size of the clinical trials that were performed in 2009, compared to 2008.  

At December 31, 2009, Novavax had cash, cash equivalents and short-term investments of $43 million compared to $33.9 million at December 31, 2008.  Working capital increased from $7.4 million in 2008 to $36.5 million in 2009.


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