WASHINGTON (dpa-AFX) - Novavax, Inc. (NVAX) reported net income for the first quarter of $519 million, compared to a net loss of $148 million in the same period in 2024. Profit per share was $2.93 compared to a loss of $1.05. Analysts on average expected the company to report profit per share of $0.71, for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the first quarter was $667 million, compared to $94 million in the same period in 2024.
For 2025, Novavax currently expects to achieve adjusted total revenue of between $975 million and $1.025 billion.
Shares of Novavax are up 23% in pre-market trade on Thursday.
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