Dynavax Technologies Corporation (DVAX)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	27,649	325,563	157,141	-43,983	-85,616
Revenue	US$ in thousands	235,104	722,936	435,169	42,046	20,843
Gross profit margin		11.76%	45.03%	36.11%	-104.61%	-410.77%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $27,649K ÷ $235,104K
= 11.76%

Dynavax Technologies Corp.'s gross profit margin has shown a fluctuating trend over the past five years. The company's gross profit margin improved significantly from 2019 to 2020, increasing from 44.95% to 70.12%. However, there was a slight decline in 2021 to 60.50%. The trend reversed in 2022 with a notable increase to 63.73%, and further improvement to 78.40% in 2023.

Overall, the recent increase in Dynavax Technologies Corp.'s gross profit margin indicates that the company has been able to effectively manage its production costs and/or command higher prices for its products. This improvement suggests potential operational efficiency gains and pricing power, which could positively impact the company's profitability and financial performance.