Vaxart reported $65.5 million in cash, cash equivalents and short-term investments as of September 30, 2026, saying they would not fund at least 12 months of operations and raising substantial doubt about its going concern.
VXRT · Vaxart, Inc. · Documents
Substantial doubt about the company's ability to continue as a going concern.
“In the second quarter of 2026, management concluded that our cash, cash equivalents and investments are not sufficient to fund our planned operations for at least twelve months from the date of issuance of our financial statements, and these conditions raise substantial doubt about our ability to continue as a going concern.”View the 10-Q filed Nov 5, 2026
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Vaxart expects COVID-19 trial efficacy and safety data from 400 participants and approximately 5,000 participants by mid-year 2027. Third-quarter 2026 revenue was $10.6 million, and net loss was $17.7 million.
Vaxart appointed retired Navy Vice Admiral Raquel C. Bono, M.D., to its Board of Directors effective October 16, 2026, pursuant to a July 2026 stockholder cooperation agreement, where she will chair the Stockholder Engagement Committee.