Moderna (MRNA) Q1 earnings, revenue surprisingly tops consensus estimates

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Moderna Reports First Quarter 2023 Financial Results and Provides Business Updates

May 4, 2023 6:31 AM EDT

First quarter 2023 revenues of $1.9 billion; GAAP net income of $79 million and GAAP diluted EPS of $0.19Company in negotiations for new orders for fall of 2023 in U.S., Japan, and EU, in addition to reiterating 2023 minimum sales expectations of approximately $5.0 billion from previously announced COVID-19 vaccine Advanced Purchase AgreementsCompany preparing for potential 2024 commercial launch of its investigational RSV vaccine for older adultsCompany to begin Phase 3 trial this year of mRNA-4157, Moderna's individualized neoantigen therapy (INT) in combination with Keytruda, for... More