Moderna Inc.
Moderna Announces Fourth Quarter and Full Year 2023 Financial Results
Summary
Moderna, Inc. reported its financial results for the fourth quarter and full year 2023. The company posted fourth quarter revenues of $2.8 billion, a GAAP net income of $217 million, and a GAAP diluted EPS of $0.55. For the full year 2023, Moderna reported revenues of $6.8 billion, a GAAP net loss of $(4.7) billion, and a GAAP diluted EPS of $(12.33). Moderna reaffirmed its 2024 expected product sales of approximately $4 billion. The company anticipates regulatory approvals for its investigational RSV vaccine for older adults beginning in the first half of 2024.
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About Moderna Inc.
Moderna Inc. is a biotechnology company focused on developing transformative medicines based on messenger RNA (mRNA) technology. Its primary function is to research and produce a broad spectrum of vaccines and therapeutics by leveraging its proprietary mRNA technology platform. Moderna is notably recognized for its pivotal role in the healthcare and pharmaceutical sector, particularly due to its development of one of the first COVID-19 vaccines to receive emergency use authorization. The company’s pipeline extends beyond infectious diseases, targeting therapeutic areas such as oncology, cardiovascular diseases, and rare genetic disorders. Headquartered in Cambridge, Massachusetts, Moderna takes a leading position in the biotechnology industry through its innovative approach to drug development, emphasizing rapid advancement from concept to clinical application. The company plays a crucial role in addressing global health challenges through its cutting-edge mRNA-based solutions.
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