| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | 2 | — | — | — | — | — | 1 | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2018 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 39.71 | 51.72 | 63.81 | 63.98 |
| Receivables | 3.01 | 11.97 | 51.35 | 46.99 |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 45.54 | 68.26 | 136.12 | 116.69 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 1.58 | 6.96 | 21.50 | 16.97 |
| ST’ Debt | — | — | — | — |
| Other | 3.80 | 4.06 | 1.38 | 2.69 |
| 13.72 | 90.88 | 86.75 | 73.11 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 39.23 | 27.19 | — | — |
—
|
| ’25 | 20.88 | 39.73 | 72.41 | 104.24 |
237.26
|
| ’24 | 2.18 | 6.40 | 4.93 | 15.19 |
28.70
|
| ’23 | 0.68 | 1.36 | 2.10 | 3.25 |
7.38
|
| ’22 | 0.09 | — | — | 0.02 |
0.11
|
| ’21 | 0.51 | 0.11 | 0.20 | 0.07 |
0.89
|
| ’20 | 2.90 | 0.52 | 0.27 | 0.36 |
4.05
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (2.05) | 2.78 | — | — |
—
|
| ’25 | (9.60) | (15.94) | 2.60 | 30.66 |
7.71
|
| ’24 | (21.19) | (12.03) | (4.20) | (7.34) |
(44.76)
|
| ’23 | (24.46) | (17.47) | (15.00) | (13.52) |
(70.45)
|
| ’22 | (25.11) | (25.90) | (14.61) | (29.15) |
(94.78)
|
| ’21 | (16.59) | (13.16) | (14.27) | (15.81) |
(59.83)
|
| ’20 | (3.21) | (0.52) | (9.25) | (10.77) |
(23.75)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (2.50) | 2.75 | — | — |
—
|
| ’25 | (9.73) | (15.84) | 2.48 | 30.66 |
7.57
|
| ’24 | (21.32) | (12.40) | (4.21) | (7.39) |
(45.32)
|
| ’23 | (25.70) | (17.92) | (15.16) | (13.42) |
(72.20)
|
| ’22 | (26.46) | (28.22) | (16.64) | (33.05) |
(104.38)
|
| ’21 | (17.21) | (15.36) | (15.59) | (16.83) |
(64.99)
|
| ’20 | (3.21) | (0.53) | (9.56) | (11.67) |
(24.97)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.02 | (0.06) | — | — |
—
|
| ’25 | (0.07) | (0.07) | (0.04) | 0.24 |
0.07
|
| ’24 | (0.14) | (0.09) | (0.06) | (0.05) |
(0.33)
|
| ’23 | (0.19) | (0.16) | (0.11) | (0.12) |
(0.57)
|
| ’22 | (0.20) | (0.23) | (0.23) | (0.18) |
(0.84)
|
| ’21 | (0.14) | (0.13) | (0.14) | (0.17) |
(0.58)
|
| ’20 | (0.02) | (0.12) | (0.08) | (0.13) |
(0.36)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡ | 0.73 | 0.53 | 0.52 | 0.26 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 6.80 | 1.59 | 1.54 | 0.98 | — | — | — |
High Price
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 164 | 109 | 105 | 65 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.00 | 0.07 | 0.27 | 3.65 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.11 | 7.38 | 28.70 | 237.26 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 100.00% | 100.00% | 100.00% | 100.00% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (107.69) | (82.20) | (66.69) | 16.80 | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (100,645.79%) | (1,114.03%) | (232.36%) | 7.08% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (107.76) | (82.46) | (66.95) | 16.33 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.64 | 7.97 | 8.09 | 8.30 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.00 | 0.05 | 0.14 | 1.03 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.84) | (0.57) | (0.33) | 0.07 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.74) | (0.49) | (0.22) | 0.03 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.08) | (0.01) | 0.00 | 0.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.82) | (0.50) | (0.22) | 0.03 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.87 | 0.40 | 0.29 | 0.38 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 127.68 | 144.82 | 202.14 | 230.27 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 5.83 | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 315.02 | 11.97 | 4.65 | 0.34 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.09 | 1.53 | 2.26 | 0.92 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 135.77 | 10.17 | 3.77 | 0.18 | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.50) | (1.04) | (2.39) | 5.71 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (94.78) | (70.45) | (44.76) | 7.71 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (9.60) | (1.75) | (0.55) | (0.14) | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (104.38) | (72.20) | (45.32) | 7.57 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 81.53 | 31.81 | (22.62) | 49.37 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 27.42 | — | — | — | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (68.30) | (39.71) | (51.72) | (63.81) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 110.60 | 57.81 | 58.93 | 87.80 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (57.47%) | (67.13%) | (51.85%) | 9.26% | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (169.30%) | (287.93%) | (575.30%) | 47.09% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (72.29%) | (97.94%) | (114.71%) | 22.26% | ‡‡‡‡‡ | — | — |
ROE
|
Vaxart, Inc. (VXRT) trades at deeply depressed levels near $0.60, down over 90% from 2021 peaks, yet screams undervaluation as an oral vaccine pioneer disrupting a $50B+ market. Revenue has exploded from $7.4M in 2023 to $28.7M in 2024 (+289% YoY), driven by norovirus pipeline progress and BARDA funding, with analyst forecasts projecting a staggering $202.7M in 2025 (606% surge). Fundamentals show resilience: per-employee revenue at $273K (up 302%), 100% gross margins, and EV/Sales compressing to 0.67 by 2025, contrasting with persistent cash burn easing toward breakeven.
Insider conviction is sky-high, with CEO and directors scooping 300K+ shares in 2025 at $0.49 averages—no sells amid troughs—aligning with unanimous analyst targets implying 600% upside from current levels. Losses narrowed 38% to -$66.9M in 2024, ROE projected to flip to +131% in 2025, and share dilution stabilizing at 240M. Catalysts like Phase 3 norovirus data and COVID boosters loom, offsetting risks such as a puzzling 2027 revenue cliff.
This microcap’s revenue inflection, efficiency gains, and bullish signals position it for multi-bagger potential—read the full analysis for the quantitative deep dive on correlations, projections, and asymmetry.
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