Evaxion A/S posts Q3 net profit of $4.6 million on revenue of $7.5 million
Reuters
Nov 06
Evaxion A/S posts Q3 net profit of $4.6 million on revenue of $7.5 million
Evaxion A/S reported revenue of $7.5 million for the three months ended September 30, 2025, up from $3.0 million in the same period of 2024. For the nine months ended September 30, 2025, revenue was $7.5 million compared to $3.2 million in 2024. The company posted a net gain of $4.6 million for the third quarter of 2025, reversing a net loss of $1.9 million in the prior year period. For the nine-month period, the net loss was $1.8 million, an improvement from a net loss of $6.9 million in 2024. Cash and cash equivalents stood at $10.6 million as of September 30, 2025, compared to $6.0 million at year-end 2024. Evaxion noted that investor warrants exercised in October 2025 are expected to reduce related derivative liability impacts to a nominal level by year end. The company projects an operational cash burn of approximately $14 million in 2025 and stated that its equity and market capitalization remain above Nasdaq requirements.
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