Dynavax Technologies Corporation (DVAX)

Operating 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
Operating income (ttm)	US$ in thousands	-37,028	34,598	90,879	222,511	283,522	301,104	255,775	136,720	134,486	41,874	11,981	-20,530	-68,371	-83,865	-100,669	-116,301	-134,843	-145,415	-153,683	-152,859
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
Operating profit margin		-15.75%	9.57%	19.82%	33.93%	39.22%	40.77%	37.61%	29.19%	30.90%	16.55%	7.45%	-17.49%	-152.44%	-216.43%	-359.03%	-400.02%	-561.87%	-775.67%	-1,136.62%	-1,380.59%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-37,028K ÷ $235,106K
= -15.75%

The operating profit margin for Dynavax Technologies Corp. has experienced fluctuations over the past eight quarters.

In Q1 2022, the company's operating profit margin was 28.87%, indicating that for every dollar in sales, the company generated nearly 29 cents in operating profit. This margin improved in Q2 2022 to 37.66% and peaked in Q3 2022 at 40.93%, showing a strong operational performance during that period.

However, the operating profit margin started to decline from Q4 2022 onwards. In Q4 2022, the margin was 39.09%, dropping further to 33.79% in Q1 2023. The trend continued with negative operating profit margins observed in Q4 2023 at -16.37%, indicating that the company recorded operating losses during that quarter.

Overall, Dynavax Technologies Corp. has shown a fluctuating operating profit margin in recent quarters, with periods of strong performance followed by declines. This trend suggests potential challenges in maintaining consistent profitability levels in the company's operations.