As known from:
CoinWireICOBenchCoinCodex
Write a Review
Write a Review
Nothing Found
Contains commercial content
TradersBest.com / Moderna Posts Strong Earnings Report With $7.2 Billion Revenues

Moderna Posts Strong Earnings Report With $7.2 Billion Revenues

Publish Date: 25/02/2022

Thursday saw Moderna posting its fourth-quarter earnings report which showed that the brand beat on earnings and on revenue. Both revenues and earnings came in way beyond the forecast of analysts and the pharma company is expected to enjoy over $19 billion in revenue in 2022 as a result of its Covid-19 vaccine. 

It was also a good day for Moderna shareholders as the brand launched a share repurchase program that will give $3 billion in excess capital back to investors. Such good news caused the stock price of Modern to rise by an impressive 11.4% in morning trading.

The pharmaceutical company earned revenues of $7.2 billion that was a marked improvement on the $570.7 million that Moderna posted in the same quarter of 2020. Of these revenues, 96% came from sales of its Covid-19 vaccine which saw 207 million doses sold in the final quarter of 2021. The vaccine was fully approved by the FDA in January 2022 after it was approved under the emergency-use provision in December 2020. Moderna’s Covid vaccine has also been given the green light in 70 other countries around the world.

While all are hoping that the peak of the virus has passed, it looks like it will be another busy year for Moderna. This is because there have been $19 billion in advanced purchase agreements for its vaccine already this year. There is expected to be a fourth booster of the vaccine to be introduced in the fall of 2022, and further orders are expected in 2023 from countries ranging from Canada to Taiwan.

Pharma companies going from strength to strength

With an unprecedented demand for vaccines as a result of the pandemic, several major pharmaceutical companies have enjoyed unparalleled profits over the past couple of years. The forces of Modern, Pfizer, BioNTech and Johnson & Johnson all managed to earn combined revenues of $31 billion in 2021.

Whether these impressive revenues can continue as the virus wanes remains another matter. While Moderna raised the guidance for its vaccine sales by $2 billion for 2022, the prevailing attitude is that the virus is shifting from the pandemic phase into an endemic phase. This refers to the hope that Covid-19 will lose its grip on the world’s population and will instead only be concentrated in certain geographical areas at a time.

However, there are still calls for a booster that targets the recent omicron and delta variants for when the flu season comes around in fall. What is uncertain is the question of when the vaccines take the inevitable step into the private market. Already there is plenty of discussion about how a move into the private market might stimulate price rises. However, as long as the Covid-19 virus still has the capacity to cause serious illness in large sections of the population, pharma companies like Moderna will continue to enjoy these impressive revenue streams.

Read Also
Alibaba Posts Flat Revenue Growth But Stock Still Jumps 6%
Chinese ecommerce giant Alibaba posted its first earnings report that showed flat ...
Intel Stock Slumps Over 8% Following Weak Earnings Report
Chip-maker Intel suffered a disastrous end to last week’s trading with its ...
Amazon Stock Price Hit by Weak Earnings Report
The Amazon share price tumbled by as much as 3% on Monday ...
Google Stock Jumps 9% After Dazzling Earnings Report
Alphabet, the parent company of Google, saw its stock value skyrocket after ...
Apple Reports Record Revenues and Overcomes Supply Chain Issues
Apple looks to have overcome the supply chain crisis as it posted ...
Latest News
Study: how do finances shape our love life?
Do we find someone less attractive if they're ...
Is FTX Bankrupt? 
The crypto market has seen a drastic change ...
Disney Shares Jump 6% After Positive Earnings Report
A booming subscriber base and the return of ...
Alibaba Posts Flat Revenue Growth But Stock Still Jumps 6%
Chinese ecommerce giant Alibaba posted its first earnings ...
Intel Stock Slumps Over 8% Following Weak Earnings Report
Chip-maker Intel suffered a disastrous end to last ...
Top Forex Sites
Ally Invest
Ally Invest
Ally Invest Review
4.8/5
Interactive Brokers
Interactive Brokers
Interactive Brokers Review
4.8/5
Webull
Webull
Webull Review
4.6/5
Kraken
Kraken
Kraken Review
4.3/5
Nadex
Nadex Review
3.6/5
Receive the latest trading news by email + our free eBook
Crypto eBook EN
Nobody is born a trading expert. Register now to receive the Ultimate Guide to Trading Cryptocurrencies in 2022 (and beyond), and receive the TradersBest.com newsletter with the latest market news and broker reviews!.

By registering, I agree that TradersBest.com may send me newsletters via email at regular intervals. This consent can be revoked at any time.
Receive the latest trading news by email + our free eBook
Nobody is born a trading expert. Register now to receive the Ultimate Guide to Trading Cryptocurrencies in 2022 (and beyond), and receive the TradersBest.com newsletter with the latest market news and broker reviews!.

By registering, I agree that TradersBest.com may send me newsletters via email at regular intervals. This consent can be revoked at any time.
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

21+NCPG
Close
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site