Company: DVAX
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001029142-25-000117
Chunk: 234

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 234
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 of expected long term demand for CpG 1018 adjuvant for Clover Product.  During the six months ended June 30, 2025, we recorded an allowance for doubtful accounts of approximately $11.0 million relating to the contract asset recognized for Clover. See Note 6 for further discussion.

10. Net Income (Loss) Per Share

Basic net income (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of shares of our common stock outstanding.For the calculation of diluted net income per share, net income attributable to common stockholders for basic net income per share is adjusted by the effect of dilutive securities, including awards under our equity compensation plans and change in fair value of warrant liability. Diluted net income per share attributable to common stockholders is computed by dividing the resulting net income attributable to common stockholders by the weighted-average number of fully diluted common shares outstanding.

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The numerators and denominators of the basic net income (loss) and diluted net income per share computations for our common stock are calculated as follows (in thousands): Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024NumeratorNet income (loss) attributable to common stockholders, basic and diluted$18,721 $11,386 $(77,378)$2,665   Add: interest expense on convertible notes$1,231 $1,273 $— $— Net income (loss) attributable to common stockholders, diluted$19,952 $12,659 $(77,378)$2,665 DenominatorWeighted average common stock outstanding, basic119,317 130,916 $122,079 $130,551 Effect of dilutive shares:Stock-based compensation plans2,844 2,009 $— $3,031 Convertible Notes (as converted to common stock)16,195 21,543 $— $— Weighted average common stock outstanding, basic and diluted138,356 154,468 $122,079 $133,582 Net income (loss) per share attributable to common stockholdersBasic$0.16 $0.09 $(0.63)$0.02 Diluted$0.14 $0.08 $(0.63)$0.02 The following were excluded from the calculation of diluted net income (loss)