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Stock impact report

Moderna's sales from its only product, the COVID-19 vaccine, fell 91% from last year [Yahoo! Finance]

Moderna, Inc. (MRNA) 
Last moderna, inc. earnings: 2/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: marinabio.com/investor-relations
Company Research Source: Yahoo! Finance
In the first quarter of the year, Moderna reported $167 million in sales of its only product on the market , its COVID-19 vaccine called Spikevax. The company's first quarter revenue is down 91% from the $1.9 billion it reported in the same quarter last year The plummeting revenue makes sense, considering the demand for the vaccine has been dropping since 2021, but it's not all bad news for the vaccine maker: Its revenue surpassed Wall Street's expectation of $97.5 million , and in turn, shares of Moderna jumped 7% on Thursday. Near the end of April, the company also announced a new innovation to integrate AI and ChatGPT in its operations as part of an ongoing partnership with OpenAI since 2023, according to OpenAI's press release , and also has plans to roll out a new RSV vaccine this fall. Moderna's first quarter net loss of $1.18 billion was also stronger than Wall Street expectations of $1.4 billion in net losses, and the company now anticipates $4 billion in full-year sales. Show less Read more
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