Rochester, NY 8/11/2009 2:29:56 PM
After Hours - Novavax, Inc., NVAX - Novavax Release Financial Results for the Second Quarter 2009
Novavax, Inc.
Novavax, Inc. reports company’s net loss of $8.5 million, or $0.10 per share, for the second quarter of 2009, as compared to the net loss of $9.4 million, or $0.15 per share, for the same period of last year.
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For the six months ended June 30, 2009, Novavax reported a net loss of $16.9 million, or $0.22 per share, as compared to a net loss of $17.1 million, or $0.28 per share, for the six months ended June 30, 2008. Total cash and short-term investments as of June 30, 2009 were $31.2 million compared to $33.9 million as of December 31, 2008. Net outstanding indebtedness related to the company's convertible notes was reduced by 17.8 million as of June 30, 2009 when compared to December 31, 2008.
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