What’s up Bros Nation. It’s your big bro Stevie Bee back with another episode of Money Talkz. I did not
do a podcast yesterday for Money Talk Sundayz w/ the Investment Bros BUT I have some news for you
today. It’s about none other than Vaxart (VXRT). Before we jump in, you know the drill and show some
love. Hit that like button and don’t forget to subscribe. Support the channel by clicking the link in the
description box. Finally, share the wealth with your peeps with that share button. Now let’s get to it.
Support: https://anchor.fm/moneytalksundayz/support
It’s Money Talkz! Drop the beat!
Welcome back again. Let’s talk VXRT. People have been reaching out after my last two videos on this
stock and I definitely appreciate it. The exchange of information is a gold mine in and of itself. Keep it
up! One user even put me onto game about some company movements that pushed me to go and look
that up and indeed there are moves being made that we as shareholders should be aware of.
First off, earnings.
Vaxart raised $36.2 million in net proceeds from its $250 million at-the-market facility in the three
months ended June 30, 2021. Vaxart last posted its quarterly earnings data on August 5th, 2021. The
biotechnology company reported ($0.13) Earnings Per Share for the quarter, beating the consensus
estimate of ($0.14) by $0.01. Vaxart has generated ($0.36) earnings per share over the last year (($0.47)
diluted earnings per share). Earnings for Vaxart are expected to grow in the coming year, from ($0.68) to
($0.65) per share. Vaxart has not formally confirmed its next earnings publication date, but the
company's estimated earnings date is Thursday, November 11th, 2021 based off prior year's report
dates.
Vaxart ended the quarter with cash, cash equivalents, and available-for-sale debt securities of $198.9
million, compared to $177.3 million as of March 31, 2021. The increase was primarily due to net receipts
of $36.2 million from the Company's $250 million at-the-market facility entered into in October 2020
and $0.9 million from the exercise of warrants and options, partially offset by $13.2 million of cash used
in operations and $2.2 million spent on property and equipment.
Remember in the last two videos I mentioned that the company signed a deal with Altesa Biosciences
allowing Altesa to develop and commercialize Vapendavir. Well! With that licensing agreement Vaxart
receives milestone payments up to $130 million and royalties for GLOBAL Vapendavir sales.
Money in the bank!
Considering the progress Vaxart is making, Vaxart added to its management team and strengthened its
research, clinical, and manufacturing groups and R&D infrastructure. The number of R&D employees
grew by 36% in the quarter to 49 full-time employees.
On the Covid front, Vaxart broadened its research into the various COVID-19 strains while continuing its
development of an oral tablet vaccine. Among the most significant developments in the second quarter:
The U.S. Food and Drug Administration cleared Vaxart to move to its next phase of COVID-19 testing
with a study of its next generation S-1 construct.
Vaxart is manufacturing the vaccine necessary to start the Phase 2 clinical study of its S-Wuhan
construct and expects to begin this study shortly.
A Non-Human Primate study of the S&N construct along with S-Wuhan and S-South Africa constructs
showed optimal performance by the S-Wuhan construct and also cross reactivity against all variants
tested. The decision was made to the S-Wuhan vaccine construct into Phase 2.
I hope you enjoyed this episode. I hope this information has emboldened you to HODL your VXRT. If you
did, like, share and subscribe to the channel. Please support the channel by clicking the support link in
the description box. This is your big bro Stevie Bee signing off for Money Talkz. The marathon continues.
We in this bih!
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