NASDAQ : EVAX
Evaxion A/S — Financial statements
Healthcare · Biotechnology · Denmark
Last price 2.9 USD (Oct 30, 2026, 3:45 PM EDT) · Market cap 24.19M
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Financial statements
Evaxion A/S (EVAX) reported revenue of 7.49M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 7.49M | 7.53M | 3.34M | 73.00K | ||
| Gross Profit | 7.49M | 7.53M | 3.34M | 73.00K | ||
| Selling, General & Admin | 5.90M | 6.79M | 7.62M | 10.35M | 8.21M | 6.25M |
| Research & Development | 10.29M | 9.97M | 10.46M | 11.92M | 17.06M | 19.58M |
| Operating Expenses | 16.18M | 16.76M | 18.08M | 22.27M | 25.26M | 25.83M |
| Operating Income | -8.69M | -9.23M | -14.73M | -22.20M | -25.26M | -25.83M |
| Interest Expense | -734.00K | -876.00K | -962.00K | -896.00K | -798.00K | -159.00K |
| Interest & Investment Income | 247.00K | 299.00K | 254.00K | 154.00K | 13.00K | |
| Currency Exchange Gain (Loss) | 163.00K | -80.00K | 181.00K | -257.00K | 1.71M | 1.28M |
| Other Non Operating Income (Expenses) | -581.00K | 1.28M | 3.90M | 281.00K | 395.00K | |
| Pretax Income | -9.60M | -8.62M | -11.36M | -22.91M | -23.94M | -24.71M |
| Income Tax Expense | -941.00K | -908.00K | -788.00K | -790.00K | -772.00K | -178.00K |
| Net Income | -8.65M | -7.71M | -10.57M | -22.12M | -23.17M | -24.53M |
| Net Income to Common | -8.65M | -7.71M | -10.57M | -22.12M | -23.17M | -24.53M |
| Shares Outstanding (Basic) | 7.95M | 6.41M | 1.07M | 546.72K | 472.77K | 389.86K |
| Shares Outstanding (Diluted) | 7.95M | 6.41M | 1.07M | 546.72K | 472.77K | 389.86K |
| EPS (Basic) | -1.09 | -1.20 | -9.85 | -40.47 | -49.01 | -62.92 |
| EPS (Diluted) | -1.09 | -1.20 | -9.85 | -40.47 | -49.01 | -62.92 |
| Free Cash Flow | -7.17M | -6.64M | -12.94M | -17.78M | -26.07M | -23.23M |
| Free Cash Flow Per Share | -0.90 | -1.04 | -12.06 | -32.52 | -55.13 | -59.59 |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | ||
| Operating Margin | -116.02% | -122.66% | -440.55% | -30,406.85% | ||
| Profit Margin | -115.54% | -102.38% | -316.00% | -30,308.22% | ||
| Free Cash Flow Margin | -95.78% | -88.15% | -386.96% | -24,353.42% | ||
| EBITDA | -8.33M | -8.87M | -14.37M | -21.58M | -24.69M | -25.49M |
| EBITDA Margin | -111.15% | -117.87% | ||||
| D&A For EBITDA | 365.00K | 361.00K | 363.00K | 615.00K | 571.00K | 344.00K |
| EBIT | -8.69M | -9.23M | -14.73M | -22.20M | -25.26M | -25.83M |
| EBIT Margin | -116.02% | -122.66% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 14.00M | 23.23M | 5.95M | 5.58M | 13.18M | 32.17M |
| Cash & Short-Term Investments | 14.00M | 23.23M | 5.95M | 5.58M | 13.18M | 32.17M |
| Other Receivables | 838.00K | 1.05M | 1.86M | 1.07M | 1.31M | 1.90M |
| Receivables | 838.00K | 1.05M | 1.86M | 1.07M | 1.31M | 1.90M |
| Prepaid Expenses | 1.02M | 616.00K | 955.00K | 1.69M | 2.49M | 638.00K |
| Total Current Assets | 15.86M | 24.90M | 8.77M | 8.35M | 16.98M | 34.70M |
| Property, Plant & Equipment | 2.92M | 3.32M | 3.51M | 4.34M | 4.67M | 5.17M |
| Other Intangible Assets | 93.00K | |||||
| Other Long-Term Assets | 602.00K | 185.00K | 206.00K | 196.00K | 365.00K | 191.00K |
| Total Assets | 19.38M | 28.41M | 12.48M | 12.89M | 22.02M | 40.16M |
| Accounts Payable | 1.59M | 2.19M | 2.97M | 2.69M | 2.08M | 2.85M |
| Accrued Expenses | 1.10M | 860.00K | 894.00K | 353.00K | 989.00K | |
| Current Portion of Long-Term Debt | 190.00K | 190.00K | 159.00K | 159.00K | 136.00K | 126.00K |
| Current Portion of Leases | 352.00K | 360.00K | 314.00K | 326.00K | 303.00K | 314.00K |
| Other Current Liabilities | 999.00K | 416.00K | 67.00K | 3.02M | 885.00K | 46.00K |
| Total Current Liabilities | 3.13M | 4.26M | 4.37M | 7.08M | 3.76M | 4.32M |
| Long-Term Debt | 5.12M | 5.35M | 8.01M | 8.49M | 7.86M | 1.04M |
| Long-Term Leases | 1.44M | 1.61M | 1.62M | 1.90M | 1.95M | 2.21M |
| Other Long-Term Liabilities | 153.00K | 158.00K | 141.00K | 149.00K | 144.00K | 153.00K |
| Total Liabilities | 9.85M | 11.37M | 14.14M | 17.62M | 13.72M | 7.73M |
| Common Stock | 15.79M | 15.79M | 10.52M | 5.90M | 3.89M | 3.75M |
| Additional Paid-In Capital | 120.73M | 120.73M | 95.94M | 87.45M | 80.73M | 80.43M |
| Retained Earnings | -133.60M | -126.24M | -118.54M | -107.97M | -85.84M | -50.43M |
| Comprehensive Income & Other | 6.61M | 6.76M | 10.43M | 9.89M | 9.54M | -1.32M |
| Shareholders' Equity | 9.53M | 17.04M | -1.65M | -4.73M | 8.30M | 32.44M |
| Total Liabilities & Equity | 19.38M | 28.41M | 12.48M | 12.89M | 22.02M | 40.16M |
| Total Debt | 7.11M | 7.50M | 10.10M | 10.87M | 10.26M | 3.69M |
| Net Cash (Debt) | 6.89M | 15.73M | -4.15M | -5.29M | 2.93M | 28.48M |
| Net Cash Per Share | 0.87 | 2.45 | -3.87 | -9.67 | 6.20 | 73.04 |
| Filing Date Shares Outstanding | 8.34M | 8.34M | 6.27M | 1.04M | 482.79K | 464.08K |
| Total Common Shares Outstanding | 8.34M | 8.34M | 1.40M | 757.96K | 482.79K | 464.08K |
| Working Capital | 12.72M | 20.64M | 4.40M | 1.27M | 13.22M | 30.38M |
| Book Value Per Share | 1.14 | 2.04 | -1.18 | -6.24 | 17.20 | 69.90 |
| Tangible Book Value | 9.53M | 17.04M | -1.65M | -4.73M | 8.30M | 32.34M |
| Tangible Book Value Per Share | 1.14 | 2.04 | -1.18 | -6.24 | 17.20 | 69.70 |
| Machinery | 1.54M | 1.36M | 1.44M | 1.37M | 1.23M | |
| Leasehold Improvements | 1.86M | 1.66M | 1.75M | 1.63M | 1.57M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -8.65M | -7.71M | -10.57M | -22.12M | -23.17M | -24.53M |
| Depreciation & Amortization | 619.00K | 615.00K | 607.00K | 615.00K | 571.00K | 344.00K |
| Asset Writedown & Restructuring Costs | 87.00K | |||||
| Stock-Based Compensation | 413.00K | 307.00K | 357.00K | 479.00K | 942.00K | 1.38M |
| Other Operating Activities | 965.00K | 297.00K | -3.86M | 1.78M | -1.33M | -361.00K |
| Change in Accounts Receivable | 93.00K | 178.00K | -167.00K | 259.00K | -1.49M | 1.86M |
| Change in Accounts Payable | -1.24M | -536.00K | -62.00K | 762.00K | -599.00K | -647.00K |
| Change in Other Net Operating Assets | 642.00K | 221.00K | 749.00K | 541.00K | -792.00K | 21.00K |
| Operating Cash Flow | -7.16M | -6.62M | -12.94M | -17.69M | -25.77M | -21.93M |
| Capital Expenditures | -11.00K | -11.00K | -87.00K | -292.00K | -1.30M | |
| Sale (Purchase) of Intangibles | -60.00K | |||||
| Other Investing Activities | -4.00K | -3.00K | -3.00K | -6.00K | 24.00K | 30.00K |
| Investing Cash Flow | -15.00K | -14.00K | -3.00K | -93.00K | -268.00K | -1.33M |
| Long-Term Debt Issued | 59.00K | 65.00K | 7.85M | |||
| Long-Term Debt Repaid | -751.00K | -1.14M | -697.00K | -424.00K | -289.00K | |
| Lease Payments | -366.00K | -352.00K | -331.00K | -326.00K | -305.00K | -226.00K |
| Net Debt Issued (Repaid) | -742.00K | -751.00K | -1.08M | -632.00K | 7.42M | -289.00K |
| Issuance of Common Stock | 7.09M | 23.16M | 14.21M | 11.32M | 428.00K | 53.85M |
| Other Financing Activities | -3.76M | |||||
| Financing Cash Flow | 6.35M | 22.41M | 13.13M | 10.69M | 7.85M | 49.80M |
| Foreign Exchange Rate Adjustments | 85.00K | 1.51M | 183.00K | -508.00K | -793.00K | -210.00K |
| Net Cash Flow | -746.00K | 17.28M | 369.00K | -7.60M | -18.98M | 26.33M |
| Free Cash Flow | -7.17M | -6.64M | -12.94M | -17.78M | -26.07M | -23.23M |
| Free Cash Flow Margin | -95.78% | -88.15% | -386.96% | -24,353.42% | ||
| Free Cash Flow Per Share | -0.90 | -1.04 | -12.06 | -32.52 | -55.13 | -59.59 |
| Levered Free Cash Flow | -5.49M | -4.45M | -11.59M | -9.12M | -16.89M | -14.33M |
| Unlevered Free Cash Flow | -5.03M | -3.90M | -10.99M | -8.56M | -16.39M | -14.23M |
| Free Cash Flow After Leases | -7.54M | -6.99M | -13.27M | -18.10M | -26.37M | -23.46M |
| Cash Interest Paid | 104.00K | 107.00K | 56.00K | 65.00K | 172.00K | 25.00K |
| Cash Income Tax Paid | -1.63M | -1.60M | -754.00K | -846.00K | ||
| Change in Working Capital | -506.00K | -137.00K | 520.00K | 1.56M | -2.88M | 1.24M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 24.35M | 39.78M | 4.96M | 25.99M | 42.84M | 102.29M |
| Enterprise Value | 17.46M | 29.21M | 383.16K | 23.38M | 27.30M | 94.21M |
| Last Close Price | 2.92 | 4.77 | 4.23 | 34.28 | 88.75 | 221.00 |
| PS Ratio | 3.25 | 5.29 | 1.48 | 355.98 | ||
| PB Ratio | 2.56 | 2.33 | -3.00 | -5.50 | 5.16 | 3.15 |
| P/TBV Ratio | 2.56 | 2.33 | 5.16 | 3.16 | ||
| EV/Sales Ratio | 2.33 | 3.88 | 0.12 | 320.29 | ||
| Debt / Equity Ratio | 0.74 | 0.44 | -6.11 | -2.30 | 1.24 | 0.11 |
| Net Debt / Equity Ratio | -0.72 | -0.92 | -2.51 | -1.12 | -0.35 | -0.88 |
| Net Debt / EBITDA Ratio | 0.83 | 1.77 | -0.29 | -0.24 | 0.12 | 1.12 |
| Net Debt / FCF Ratio | 0.96 | 2.37 | -0.32 | -0.30 | 0.11 | 1.23 |
| Asset Turnover | 0.36 | 0.37 | 0.26 | 0.00 | ||
| Quick Ratio | 4.74 | 5.71 | 1.79 | 0.94 | 3.85 | 7.88 |
| Current Ratio | 5.06 | 5.85 | 2.01 | 1.18 | 4.51 | 8.03 |
| Return on Equity (ROE) | -109.86% | -100.17% | -1,238.11% | -113.74% | -124.29% | |
| Return on Assets (ROA) | -25.97% | -28.23% | -72.57% | -79.47% | -50.78% | -61.95% |
| Return on Capital Employed (ROCE) | -53.50% | -38.20% | -181.50% | -382.40% | -138.30% | -72.10% |
| Earnings Yield | -37.28% | -19.37% | -213.08% | -85.14% | -54.08% | -23.98% |
| FCF Yield | -29.46% | -16.68% | -260.93% | -68.41% | -60.85% | -22.71% |
| Buyback Yield / Dilution | -195.19% | -497.28% | -96.24% | -15.64% | -21.27% | -26.29% |