GenVec, Inc. :GNVC-US: Earnings Analysis: Q2, 2016 By the Numbers : August 9, 2016

GenVec, Inc. reports financial results for the quarter ended June 30, 2016.

We analyze the earnings along side the following peers of GenVec, Inc. – Emergent BioSolutions Inc., Pfizer Inc., Novartis AG Sponsored ADR, Merck & Co., Inc., Sangamo BioSciences, Inc., Astrazeneca PLC Sponsored ADR and Johnson & Johnson (EBS-US, PFE-US, NVS-US, MRK-US, SGMO-US, AZN-US and JNJ-US) that have also reported for this period.

Highlights

  • Summary numbers: Revenues of USD 0.03 million, Net Earnings of USD -1.20 million.
  • Earnings rose compared to same period last year, despite decline in operating and pretax margins.

The table below shows the preliminary results and recent trends for key metrics such as revenues and net income growth:

2015-06-30 2015-09-30 2015-12-31 2016-03-31 2016-06-30
Relevant Numbers (Quarterly)
Revenues (mil) 0.13 0.19 0.16 0.29 0.03
Revenue Growth (%YOY) -1.55 -23.41 -95.47 -28.4 -79.53
Earnings (mil) -1.87 -1.51 -1.64 -1.86 -1.2
Earnings Growth (%YOY) -11.78 5.7 -195.69 -21.65 36.06
Net Margin (%) -1471.65 -779.79 -1026.25 -641.38 -4596.15
EPS -0.11 -0.09 -0.1 -0.11 -0.06
Return on Equity (%) -67.13 -62.16 -78.43 -108.56 -72.9
Return on Assets (%) -57.8 -52.26 -64.66 -86.97 -52.61

Access our Ratings and Scores for GenVec, Inc.


Market Share Versus Profits

Revenues History
Earnings History

GNVC-US‘s change in revenue this period compared to the same period last year of -79.53% is almost the same as its change in earnings, and is about average among the announced results thus far in its peer group, suggesting that GNVC-US is holding onto its market share. Also, for comparison purposes, revenues changed by -91.03% and earnings by 35.75% compared to the immediate last period.

Revenues Growth Versus Earnings Growth


Margins

Despite a decline in operating (EBIT) margins as well as a decline in pretax margins, the company’s earnings rose.

EBIT Margin Versus PreTax Margin
EBIT Margin History
PreTax Margin History

Access our Ratings and Scores for GenVec, Inc.


Company Profile

GenVec, Inc. is a clinical-stage biopharmaceutical company using differentiated, proprietary technologies to create superior therapeutics and vaccines. It is working with other companies and organizations such as Novartis, Merial, and the U.S. Government to support a portfolio of product programs that address the prevention and treatment of a number of significant human and animal health concerns. It’s development programs address therapeutic areas such as hearing loss, balance disorders and cancer; as well as vaccines against infectious diseases, including respiratory syncytial virus, herpes simplex virus, dengue fever and malaria. The company was founded in December 1992 and is headquartered in Gaithersburg, MD.

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