Dynavax Technologies Corporation (DVAX)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	-37,028	283,522	134,486	-68,371	-134,843
Revenue	US$ in thousands	235,104	722,936	435,169	42,046	20,843
Operating profit margin		-15.75%	39.22%	30.90%	-162.61%	-646.95%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $-37,028K ÷ $235,104K
= -15.75%

The operating profit margin of Dynavax Technologies Corp. has fluctuated significantly over the past five years. In 2023, the operating profit margin was negative at -16.37%, indicating that the company's operating expenses exceeded its operating income. This was a decline from the previous year, where the operating profit margin was a healthy 39.09%.

In 2022 and 2021, the company demonstrated strong operating profit margins of 30.38% and 39.09% respectively, reflecting efficient cost management and healthy profitability. However, the operating profit margin took a sharp downturn in 2020, dropping to -161.59%, suggesting significant operational challenges and potentially unsustainable business practices during that period.

The most significant decline in operating profit margin was observed in 2019, where the margin stood at -344.95%, indicating substantial losses in operations. This could be attributed to various factors such as increased expenses or declining revenues.

Overall, the trend in Dynavax Technologies Corp.'s operating profit margin highlights the company's fluctuating profitability and operational efficiency over the past five years, indicating the need for a closer examination of the company's cost structure and revenue generation strategies.