Dynavax Technologies Corporation (DVAX)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	29,866	97,844	153,010	281,322	327,553	248,756	256,746	143,001	159,315	162,046	75,215	31,411	-41,831	-28,988	-42,856	-48,800	-51,958	-57,210	-60,063	-51,918
Revenue (ttm)	US$ in thousands	235,106	361,342	458,602	655,854	722,936	738,615	680,155	468,445	435,169	253,029	160,810	117,382	44,851	38,749	28,039	29,074	23,999	18,747	13,521	11,072
Gross profit margin		12.70%	27.08%	33.36%	42.89%	45.31%	33.68%	37.75%	30.53%	36.61%	64.04%	46.77%	26.76%	-93.27%	-74.81%	-152.84%	-167.85%	-216.50%	-305.17%	-444.22%	-468.91%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $29,866K ÷ $235,106K
= 12.70%

Based on the data provided, Dynavax Technologies Corp.'s gross profit margin has shown fluctuations over the past eight quarters. The company's gross profit margin ranged from 59.82% in Q1 2022 to a peak of 78.40% in Q4 2023.

The trend indicates that there has been some volatility in the gross profit margin, with varying levels of profitability over the quarters analyzed. Despite the fluctuations, Dynavax Technologies Corp. has generally maintained a gross profit margin above 60% in most quarters.

It is important to evaluate the reasons behind these fluctuations in the gross profit margin, as factors such as changes in production costs, pricing strategies, or changes in revenue mix can impact the company's profitability. Further analysis of the company's financial statements and operations would be necessary to understand the drivers behind these fluctuations and to assess the company's overall financial performance.