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Novavax | 10-Q: Q3 2024 Earnings Report

Novavax | 10-Q: Q3 2024 Earnings Report

诺瓦瓦克斯医药 | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/12 16:14

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Novavax reported Q3 2024 revenue of $84.5 million, down from $187.0 million in Q3 2023, with product sales rising to $38.2 million from $2.2 million. The quarter saw licensing and royalty revenue of $46.3 million, including $32.7 million from the Sanofi collaboration. Net loss narrowed to $121.3 million or $0.76 per share, compared to $130.8 million or $1.26 per share last year.The company strengthened its financial position through a strategic partnership with Sanofi, receiving a $500 million upfront payment and potential milestone payments up to $700 million. Operating expenses decreased 30% year-over-year to $218.5 million, reflecting cost reduction initiatives. Cash and investments totaled $924.5 million as of September 30, 2024.Looking ahead, Novavax is advancing its COVID-19 vaccine program with recent authorizations in the US and EU for its 2024-2025 updated vaccine. The company continues to evolve its operating model focusing on the Sanofi partnership, pipeline development including COVID-Influenza combination vaccine, and leveraging its Matrix-M adjuvant technology platform while implementing further cost reductions.
Novavax reported Q3 2024 revenue of $84.5 million, down from $187.0 million in Q3 2023, with product sales rising to $38.2 million from $2.2 million. The quarter saw licensing and royalty revenue of $46.3 million, including $32.7 million from the Sanofi collaboration. Net loss narrowed to $121.3 million or $0.76 per share, compared to $130.8 million or $1.26 per share last year.The company strengthened its financial position through a strategic partnership with Sanofi, receiving a $500 million upfront payment and potential milestone payments up to $700 million. Operating expenses decreased 30% year-over-year to $218.5 million, reflecting cost reduction initiatives. Cash and investments totaled $924.5 million as of September 30, 2024.Looking ahead, Novavax is advancing its COVID-19 vaccine program with recent authorizations in the US and EU for its 2024-2025 updated vaccine. The company continues to evolve its operating model focusing on the Sanofi partnership, pipeline development including COVID-Influenza combination vaccine, and leveraging its Matrix-M adjuvant technology platform while implementing further cost reductions.
诺瓦瓦克斯医药报告2024年第三季度营业收入为8450万美元,较2023年第三季度的18700万美元下降,产品销售从220万美元上升至3820万美元。该季度许可和特许权使用费收入为4630万美元,其中3270万美元来自赛诺菲安万特的合作。净亏损缩窄至12130万美元或每股0.76美元,去年为13080万美元或每股1.26美元。公司通过与赛诺菲安万特的战略合作加强了财务状况,获得了50000万美元的预付款以及最高可达70000万美元的潜在里程碑付款。营业费用同比减少30%,降至21850万美元,反映了成本削减举措。截至2024年9月30日,现金和投资总额为92450万美元。展望未来,诺瓦瓦克斯医...展开全部
诺瓦瓦克斯医药报告2024年第三季度营业收入为8450万美元,较2023年第三季度的18700万美元下降,产品销售从220万美元上升至3820万美元。该季度许可和特许权使用费收入为4630万美元,其中3270万美元来自赛诺菲安万特的合作。净亏损缩窄至12130万美元或每股0.76美元,去年为13080万美元或每股1.26美元。公司通过与赛诺菲安万特的战略合作加强了财务状况,获得了50000万美元的预付款以及最高可达70000万美元的潜在里程碑付款。营业费用同比减少30%,降至21850万美元,反映了成本削减举措。截至2024年9月30日,现金和投资总额为92450万美元。展望未来,诺瓦瓦克斯医药正在推进其COVID-19生物-疫苗项目,最近在美国和欧盟获得了2024-2025年更新生物-疫苗的授权。公司持续优化其运营模式,专注于与赛诺菲安万特的合作、管道开发(包括COVID-流感组合生物-疫苗)以及利用其Matrix-m佐剂技术平台,同时实施进一步的成本削减。
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