Bavarian Nordic A/S
CSE:BAVA
Income Statement
Earnings Waterfall
Bavarian Nordic A/S
Revenue
|
6.1B
DKK
|
Cost of Revenue
|
-2.9B
DKK
|
Gross Profit
|
3.2B
DKK
|
Operating Expenses
|
-2B
DKK
|
Operating Income
|
1.1B
DKK
|
Other Expenses
|
-24.6m
DKK
|
Net Income
|
1.1B
DKK
|
Income Statement
Bavarian Nordic A/S
Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 013
N/A
|
1 217
+20%
|
1 166
-4%
|
1 390
+19%
|
1 244
-11%
|
1 021
-18%
|
808
-21%
|
536
-34%
|
909
+70%
|
1 007
+11%
|
1 182
+17%
|
1 463
+24%
|
1 745
+19%
|
1 370
-21%
|
1 184
-14%
|
873
-26%
|
360
-59%
|
501
+39%
|
616
+23%
|
631
+2%
|
554
-12%
|
662
+20%
|
901
+36%
|
1 499
+66%
|
1 914
+28%
|
1 852
-3%
|
2 022
+9%
|
1 693
-16%
|
1 583
-6%
|
1 898
+20%
|
1 683
-11%
|
1 849
+10%
|
2 404
+30%
|
3 151
+31%
|
4 083
+30%
|
5 533
+36%
|
5 906
+7%
|
7 062
+20%
|
6 642
-6%
|
6 083
-8%
|
6 070
0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(466)
|
(495)
|
(443)
|
(468)
|
(413)
|
(415)
|
(342)
|
(260)
|
(362)
|
(298)
|
(329)
|
(428)
|
(381)
|
(291)
|
(260)
|
(178)
|
(160)
|
(255)
|
(314)
|
(318)
|
(330)
|
(355)
|
(520)
|
(850)
|
(1 003)
|
(1 179)
|
(1 329)
|
(1 199)
|
(1 267)
|
(1 327)
|
(1 242)
|
(1 424)
|
(1 494)
|
(1 450)
|
(1 586)
|
(1 838)
|
(1 969)
|
(2 459)
|
(2 597)
|
(2 621)
|
(2 890)
|
|
Gross Profit |
547
N/A
|
722
+32%
|
723
+0%
|
922
+28%
|
832
-10%
|
605
-27%
|
467
-23%
|
276
-41%
|
547
+99%
|
709
+30%
|
853
+20%
|
1 035
+21%
|
1 363
+32%
|
1 080
-21%
|
924
-14%
|
695
-25%
|
200
-71%
|
246
+23%
|
303
+23%
|
313
+4%
|
224
-29%
|
308
+38%
|
381
+24%
|
649
+71%
|
911
+40%
|
673
-26%
|
693
+3%
|
493
-29%
|
315
-36%
|
571
+81%
|
440
-23%
|
425
-3%
|
910
+114%
|
1 701
+87%
|
2 497
+47%
|
3 695
+48%
|
3 937
+7%
|
4 603
+17%
|
4 045
-12%
|
3 462
-14%
|
3 179
-8%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(629)
|
(705)
|
(750)
|
(751)
|
(691)
|
(592)
|
(577)
|
(566)
|
(630)
|
(674)
|
(670)
|
(696)
|
(717)
|
(726)
|
(741)
|
(721)
|
(639)
|
(600)
|
(589)
|
(589)
|
(615)
|
(636)
|
(47)
|
(107)
|
(208)
|
(278)
|
(959)
|
(978)
|
(911)
|
(884)
|
(858)
|
(954)
|
(1 264)
|
(1 772)
|
(2 006)
|
(2 361)
|
(2 478)
|
(2 479)
|
(3 041)
|
(2 738)
|
(2 036)
|
|
Selling, General & Administrative |
(216)
|
(218)
|
(242)
|
(244)
|
(229)
|
(213)
|
(205)
|
(205)
|
(216)
|
(208)
|
(211)
|
(214)
|
(205)
|
(205)
|
(206)
|
(209)
|
(217)
|
(205)
|
(215)
|
(211)
|
(217)
|
(204)
|
(303)
|
(398)
|
(488)
|
(534)
|
(561)
|
(542)
|
(502)
|
(450)
|
(476)
|
(484)
|
(509)
|
(549)
|
(630)
|
(666)
|
(721)
|
(752)
|
(862)
|
(932)
|
(967)
|
|
Research & Development |
(413)
|
(476)
|
(508)
|
(507)
|
(462)
|
(372)
|
(373)
|
(361)
|
(414)
|
(459)
|
(459)
|
(482)
|
(512)
|
(516)
|
(535)
|
(511)
|
(422)
|
(384)
|
(373)
|
(379)
|
(398)
|
(407)
|
(372)
|
(336)
|
(347)
|
(338)
|
(282)
|
(322)
|
(294)
|
(394)
|
(382)
|
(470)
|
(755)
|
(1 177)
|
(1 376)
|
(1 695)
|
(1 757)
|
(1 651)
|
(1 557)
|
(1 263)
|
(1 105)
|
|
Depreciation & Amortization |
0
|
(11)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(26)
|
0
|
0
|
0
|
(33)
|
0
|
0
|
0
|
(39)
|
0
|
0
|
0
|
(47)
|
0
|
0
|
0
|
(76)
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
628
|
628
|
628
|
628
|
(115)
|
(115)
|
(115)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(622)
|
(543)
|
36
|
|
Operating Income |
(82)
N/A
|
17
N/A
|
(27)
N/A
|
171
N/A
|
140
-18%
|
14
-90%
|
(111)
N/A
|
(290)
-161%
|
(83)
+72%
|
35
N/A
|
183
+416%
|
339
+86%
|
646
+91%
|
353
-45%
|
183
-48%
|
(26)
N/A
|
(439)
-1 589%
|
(354)
+19%
|
(286)
+19%
|
(276)
+3%
|
(391)
-42%
|
(328)
+16%
|
333
N/A
|
543
+63%
|
703
+30%
|
396
-44%
|
(266)
N/A
|
(485)
-82%
|
(596)
-23%
|
(313)
+47%
|
(418)
-33%
|
(529)
-27%
|
(354)
+33%
|
(71)
+80%
|
491
N/A
|
1 334
+172%
|
1 459
+9%
|
2 124
+46%
|
1 004
-53%
|
724
-28%
|
1 143
+58%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
21
|
50
|
150
|
105
|
69
|
80
|
(40)
|
20
|
25
|
10
|
20
|
(43)
|
(57)
|
(73)
|
(79)
|
(37)
|
(10)
|
(2)
|
12
|
10
|
(6)
|
(16)
|
(43)
|
(7)
|
(16)
|
(20)
|
12
|
(26)
|
(20)
|
(39)
|
(84)
|
(100)
|
(215)
|
(212)
|
(124)
|
(90)
|
47
|
80
|
80
|
93
|
75
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
(79)
|
(658)
|
(622)
|
0
|
0
|
0
|
|
Total Other Income |
0
|
(2)
|
0
|
0
|
0
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
0
|
0
|
22
|
22
|
22
|
22
|
0
|
0
|
0
|
0
|
0
|
0
|
(21)
|
(52)
|
(80)
|
(77)
|
(110)
|
(112)
|
(114)
|
(101)
|
(93)
|
(54)
|
(16)
|
(49)
|
(51)
|
(71)
|
(108)
|
(100)
|
(92)
|
(101)
|
(96)
|
|
Pre-Tax Income |
(61)
N/A
|
64
N/A
|
123
+92%
|
276
+124%
|
209
-24%
|
78
-63%
|
(155)
N/A
|
(274)
-77%
|
(61)
+78%
|
40
N/A
|
202
+412%
|
296
+46%
|
612
+107%
|
302
-51%
|
127
-58%
|
(41)
N/A
|
(449)
-1 001%
|
(357)
+21%
|
(274)
+23%
|
(266)
+3%
|
(397)
-49%
|
(345)
+13%
|
270
N/A
|
483
+79%
|
608
+26%
|
282
-54%
|
(363)
N/A
|
(623)
-72%
|
(729)
-17%
|
(454)
+38%
|
(595)
-31%
|
(683)
-15%
|
(585)
+14%
|
(332)
+43%
|
315
N/A
|
1 094
+247%
|
740
-32%
|
1 483
+100%
|
992
-33%
|
716
-28%
|
1 123
+57%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(38)
|
(38)
|
(53)
|
(89)
|
(54)
|
(18)
|
40
|
73
|
7
|
(9)
|
(49)
|
(71)
|
(159)
|
(121)
|
(122)
|
(110)
|
4
|
(5)
|
(5)
|
(5)
|
(5)
|
(2)
|
(2)
|
(2)
|
(1)
|
(4)
|
(5)
|
(6)
|
(8)
|
(10)
|
(11)
|
(10)
|
(14)
|
(16)
|
(15)
|
(18)
|
(17)
|
(8)
|
(8)
|
(8)
|
(4)
|
|
Income from Continuing Operations |
(99)
|
26
|
70
|
186
|
155
|
59
|
(115)
|
(202)
|
(55)
|
31
|
153
|
225
|
453
|
181
|
5
|
(151)
|
(445)
|
(362)
|
(279)
|
(271)
|
(402)
|
(347)
|
267
|
481
|
606
|
278
|
(368)
|
(629)
|
(737)
|
(465)
|
(606)
|
(693)
|
(599)
|
(347)
|
301
|
1 076
|
723
|
1 475
|
984
|
707
|
1 119
|
|
Net Income (Common) |
(99)
N/A
|
26
N/A
|
70
+170%
|
186
+166%
|
155
-17%
|
59
-62%
|
(115)
N/A
|
(202)
-76%
|
(55)
+73%
|
31
N/A
|
153
+401%
|
225
+47%
|
453
+101%
|
181
-60%
|
5
-97%
|
(151)
N/A
|
(445)
-195%
|
(362)
+19%
|
(279)
+23%
|
(271)
+3%
|
(402)
-48%
|
(347)
+14%
|
267
N/A
|
481
+80%
|
606
+26%
|
278
-54%
|
(368)
N/A
|
(629)
-71%
|
(737)
-17%
|
(465)
+37%
|
(606)
-30%
|
(693)
-14%
|
(599)
+14%
|
(347)
+42%
|
301
N/A
|
1 076
+258%
|
723
-33%
|
1 475
+104%
|
984
-33%
|
707
-28%
|
1 119
+58%
|
|
EPS (Diluted) |
-3.78
N/A
|
0.98
N/A
|
2.46
+151%
|
6.97
+183%
|
5.61
-20%
|
1.64
-71%
|
-4.1
N/A
|
-7.05
-72%
|
-1.78
+75%
|
0.8
N/A
|
5.05
+531%
|
7.29
+44%
|
14.2
+95%
|
4.5
-68%
|
0.15
-97%
|
-4.68
N/A
|
-13.77
-194%
|
-8.88
+36%
|
-6.87
+23%
|
-6.72
+2%
|
-9.94
-48%
|
-8.5
+14%
|
6.54
N/A
|
9.5
+45%
|
11.5
+21%
|
5.13
-55%
|
-6.18
N/A
|
-10.05
-63%
|
-11.76
-17%
|
-7.37
+37%
|
-8.68
-18%
|
-9.93
-14%
|
-9.89
+0%
|
-4.93
+50%
|
4.07
N/A
|
14.2
+249%
|
9.34
-34%
|
19.23
+106%
|
12.9
-33%
|
8.94
-31%
|
14.28
+60%
|