Novavax (NVAX) Stock Plunges on Disappointing Q4 Results

NEW YORK (TheStreet) -- Novavax (NVAX) stock is declining 6.16% to $4.42 in late morning trading Monday after the clinical-stage vaccine company delivered lower-than-expected financial results for the 2015 fourth quarter.

Before today's market open, the Gaithersburg, MD-based company posted a loss of 29 cents per share for the last three months of the year, significantly below estimates of a loss of 14 cents per share.

Revenue declined 13% year-over-year to $5.85 million, while analysts were expecting revenue to increase 20% to $8.07 million for the quarter.

Research and development expenses jumped 128% to $75.9 million during the quarter, driven by costs related to the start of Phase 3 trials for the respiratory syncytial virus vaccine.

Novavax expects to release data from the study in the third quarter of 2016.

Separately, Novavax has a "sell" rating and a letter grade of D at TheStreet Ratings because of the company's feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and disappointing stock performance.

You can view the full analysis from the report here: NVAX

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

NVAX Chart NVAX data by YCharts

More from Markets

Video: Jim Cramer Reveals Why Stocks Are Moving Lower Thursday

Video: Jim Cramer Reveals Why Stocks Are Moving Lower Thursday

Dow Falls, S&P 500 Lower as Amazon Rises, Apple and P&G Slump

Dow Falls, S&P 500 Lower as Amazon Rises, Apple and P&G Slump

Soaring Nickel Prices Could Be Bad News for Electric Carmakers Like Tesla

Soaring Nickel Prices Could Be Bad News for Electric Carmakers Like Tesla

Video: The Road to S&P 500 2,800 Is 'Slow and Choppy'

Video: The Road to S&P 500 2,800 Is 'Slow and Choppy'

Let the Najarian Brothers Help You Generate Income With Options

Let the Najarian Brothers Help You Generate Income With Options