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.
Peer comparison
Dec 31, 2023