Dynavax Technologies Corporation (DVAX)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -4,367 | 294,299 | 77,521 | -75,240 | -152,600 |
| Revenue | US$ in thousands | 235,104 | 722,936 | 435,169 | 42,046 | 20,843 |
| Pretax margin | -1.86% | 40.71% | 17.81% | -178.95% | -732.14% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-4,367K ÷ $235,104K
= -1.86%
The pretax margin of Dynavax Technologies Corp. has fluctuated significantly over the past five years. In 2023, the company reported a negative pretax margin of -1.88%, indicating that its expenses exceeded its revenue before accounting for taxes. This was a significant decrease from the previous year, where the pretax margin was 40.72%, reflecting a sharp decline in profitability.
In 2022 and 2021, Dynavax demonstrated healthier pretax margins of 17.64% and 40.72% respectively, indicating that the company was able to generate more profit before accounting for taxes relative to its revenue during those years.
However, in 2020 and 2019, the company experienced negative pretax margins of -161.63% and -433.29% respectively, signaling substantial losses before taxes were taken into account. These negative margins suggest that Dynavax faced challenges in controlling expenses, generating sufficient revenue, or both in those particular years.
Overall, Dynavax Technologies Corp.'s pretax margin has displayed volatility in recent years, highlighting the importance of closely monitoring the company's expenses and revenue generation to ensure sustainable profitability.
Peer comparison
Dec 31, 2023