Bavarian Nordic A/S (BVNRY)

Bavarian Nordic Income Statement

Financials in millions DKK. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	7,057	3,151	1,898	1,852	662.49
Revenue Growth (YoY)	123.99%	66.02%	2.46%	179.61%	32.33%
Cost of Revenue	2,536	1,450	1,328	1,195	354.76
Gross Profit	4,522	1,701	570.32	657.29	307.73
Selling, General & Admin	815.78	588.96	484.7	563.93	226.89
Research & Development	2,208	1,183	399.16	341.42	409.28
Other Operating Expenses	0	0	0	-627.65	0
Operating Expenses	3,024	1,772	883.86	277.7	636.18
Operating Income	1,498	-3.85	-263.31	449.62	-316.43
Interest Income	54.55	0.03	1.74	0.19	0.6
Interest Expense	15.03	119.69	152.06	177	18.49
Other Expense / Income	54.11	208.1	40.8	-9.16	10.43
Pretax Income	1,483	-331.61	-454.43	281.98	-344.75
Income Tax	7.75	15.77	10.35	4.46	2.03
Net Income	1,475	-347.38	-464.78	277.52	-346.78
Shares Outstanding (Basic)	77	70	63	54	41
Shares Outstanding (Diluted)	77	70	63	54	41
Shares Change	8.93%	11.59%	16.76%	32.44%	-66.64%
EPS (Basic)	19.23	-4.93	-7.37	5.13	-8.50
EPS (Diluted)	19.23	-4.93	-7.37	5.13	-8.50
Free Cash Flow	141.8	-1,161.52	-1,416.95	-134.8	-2,946.92
Free Cash Flow Per Share	1.85	-16.49	-22.45	-2.49	-72.22
Gross Margin	64.07%	53.99%	30.05%	35.48%	46.45%
Operating Margin	21.22%	-0.12%	-13.87%	24.27%	-47.76%
Profit Margin	20.90%	-11.03%	-24.49%	14.98%	-52.34%
Free Cash Flow Margin	2.01%	-36.86%	-74.66%	-7.28%	-444.83%
Effective Tax Rate	0.52%	-	-	1.58%	-
EBITDA	2,051	395.4	125	809.77	-259.39
EBITDA Margin	29.07%	12.55%	6.59%	43.72%	-39.15%
Depreciation & Amortization	553.82	399.25	388.31	360.15	57.05
EBIT	1,498	-3.85	-263.31	449.62	-316.43
EBIT Margin	21.22%	-0.12%	-13.87%	24.27%	-47.76%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.