Dynavax Technologies Corporation (DVAX)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	277,246	182,117	460,530	265,870	32,641
Revenue	US$ in thousands	277,246	232,284	722,683	439,442	46,551
Gross profit margin		100.00%	78.40%	63.73%	60.50%	70.12%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $277,246K ÷ $277,246K
= 100.00%

The gross profit margin of Dynavax Technologies Corporation has shown some fluctuation over the years. In 2020, the gross profit margin was at a robust 70.12%, indicating the company was effectively controlling its production costs and generating a significant margin on its products. However, by the end of 2021, the margin had decreased to 60.50%, suggesting a potential increase in production costs relative to sales revenue.

In 2022, the gross profit margin improved to 63.73%, indicating that the company may have implemented cost-saving measures or achieved better pricing strategies. The following year, in 2023, the margin significantly increased to 78.40%, showing improved efficiency in managing direct costs and potentially higher sales prices.

By the end of 2024, the gross profit margin reached an exceptional 100.00%, which may indicate a one-time event such as a significant increase in sales prices or a reduction in production costs. It's important to note that such a high percentage may not be sustainable in the long term.

Overall, while Dynavax Technologies Corporation has experienced fluctuations in its gross profit margin, the increasing trend from 2021 to 2024 suggests that the company has been effectively managing its cost of goods sold and maximizing its profitability. However, further analysis of the underlying factors driving these changes would be necessary to fully understand the company's performance.