Biotechnology firm Moderna, Inc. (NASDAQ: MRNA) has reported a web loss for the fourth quarter of 2024, in comparison with a revenue final 12 months.
- Complete income for the fourth quarter was $1.0 billion, in comparison with $2.8 billion in the identical interval of FY23
- Internet product gross sales for the quarter had been $938 million, reflecting a 66% year-over-year lower
- The corporate reported a web lack of $1.1 billion for the December quarter, in comparison with web earnings of $217 million in This autumn 2023
- On a per-share foundation, web loss was $2.91 within the fourth quarter, in comparison with earnings per share of $0.55 within the prior-year quarter
- Value of gross sales for This autumn got here in at $739 million, which included third-party royalties of $45 million, stock write-downs of $193 million, and wind-down prices of $259 million
- Analysis and improvement bills decreased by 20% to $1.1 billion throughout the three months
- Money, money equivalents, and investments as of December 31, 2024, had been $9.5 billion, in comparison with $9.2 billion as of September 30, 2024
