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Novavax Reports Third Quarter 2007 Financial Results and Progress with Vaccine Development Programs
Date:11/12/2007

,317 1,256

Research and development 5,634 2,903 13,487 8,336

General and administrative 3,085 2,550 11,044 7,946

Total operating costs and

expenses 10,572 6,887 29,117 21,102

Loss from operations (9,257) (5,694) (26,975) (17,767)

Other income (expense)

Interest income 749 1,021 2,559 2,239

Interest expense (458) (341) (1,132) (1,392)

Net loss $(8,966) $(5,014) $(25,548) $(16,920)

Basic and diluted loss per

share $(0.15) $(0.08) $(0.42) $(0.29)

Basic and diluted weighted

average number of common

shares outstanding 61,399,445 61,500,942 61,311,478 58,444,933

As of September 30, As of December 31,

2007 2006

Cash, cash equivalents and short-term

investments $52,260 $73,595

Total current assets 55,317 77,342

Total assets 99,706 121,877

Working capital 49,700 72,003

Long term debt 21,817 22,458

Stockholders' equity 71,883 94,001


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SOURCE Novavax Inc.
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