Moderna, Inc. (MRNA) Q3 2024 Earnings Breakdown
Description
Key Highlights:
Revenue: Total revenue for Q3 2024 was $1.862 billion, a slight increase compared to Q3 2023 ($1.831 billion). Net product sales were $1.820 billion, driven primarily by COVID-19 vaccine sales ($1.810 billion), and a small contribution from the newly launched RSV vaccine, mRESVIA ($10 million).
Net Loss: Moderna reported a net loss of $70 million for Q3 2024, a significant improvement from the $2.012 billion net loss in Q3 2023. This is attributed to decreased operating expenses, particularly in cost of sales.
Cash Position: Cash and cash equivalents decreased to $1.644 billion as of September 30, 2024, from $2.907 billion at the end of 2023. This is primarily due to investments in marketable securities and a share repurchase program.
Key Highlights:
Solid Execution: Deere achieved strong results across the business cycle by adjusting operations to align with the current environment.
Earnings Decline: Net income for 4Q 2024 was $1.245 billion, down 47% from $2.369 billion in 4Q 2023. Full-year net income was $7.100 billion,...
Published 11/23/24
Key Highlights:
Revenue Growth: Total net revenue increased to $3.283 billion, up from $2.978 billion in the same period of the prior year. This was primarily driven by growth in service revenue, particularly from QuickBooks Online Accounting and Online Services.
"Revenue for our Credit Karma...
Published 11/23/24