Dynavax Technologies Corporation (DVAX)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-4,322	62,613	112,576	237,743	294,318	326,929	234,390	109,489	77,521	-38,533	-5,702	-61,754	-75,240	-96,529	-134,389	-125,523	-152,600	-155,813	-162,882	-159,613
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
Pretax margin		-1.84%	17.33%	24.55%	36.25%	40.71%	44.26%	34.46%	23.37%	17.81%	-15.23%	-3.55%	-52.61%	-167.76%	-249.11%	-479.29%	-431.74%	-635.86%	-831.14%	-1,204.66%	-1,441.59%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-4,322K ÷ $235,106K
= -1.84%

The pretax margin of Dynavax Technologies Corp. has exhibited fluctuations over the past eight quarters. In Q4 2023, the pretax margin was -1.88%, indicating that the company incurred a loss before tax. This was a considerable decline from the previous quarter's pretax margin of 17.34% in Q3 2023.

The company's pretax margin reached its peak at 40.72% in Q4 2022, suggesting strong profitability during that period. However, there has been a gradual downward trend since then, with declining pretax margins in subsequent quarters.

Overall, the pretax margin trend for Dynavax Technologies Corp. indicates variability in its earnings performance, with notable fluctuations in profitability levels over the analyzed period. It would be important for stakeholders to further investigate the factors contributing to these fluctuations to understand the company's financial health and performance outlook.