Moderna’s first-quarter revenue fell 10 times

Moderna’s first-quarter revenue fell 10 times
Moderna’s first-quarter revenue fell 10 times
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Photo by Ryan Remiorz (ZUMA/Scanpix).

US biotech company Moderna Inc., one of the world’s leading producers of vaccines against COVID-19, suffered a loss of more than 1 billion in the first quarter of the year due to a sharp drop in demand. USD loss, hair loss in 10 times.

According to the company’s statement, the net loss in the first three months of the year amounted to 1.18 billion. USD 79 million compared to USD in net profit year-on-year, after sales revenue decreased from 1.86 billion up to 167 million USD.

Despite this, the company, which specializes in RNA vaccines for the respiratory tract disease, continues to forecast an estimated $4 billion. USD sales revenue in 2024

Moderna’s market value has decreased by 12% since the beginning of the year to 42.7 billion. USD.

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The article is in Lithuanian

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