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Novavax | 10-Q: Q3 2024 Earnings Report

Novavax | 10-Q: Q3 2024 Earnings Report

諾瓦瓦克斯醫藥 | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/13 05:14

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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.
諾瓦瓦克斯醫藥報告2024年第三季度營業收入爲8450萬美元,較2023年第三季度的18700萬美元下降,產品銷售從220萬美元上升至3820萬美元。該季度許可和特許權使用費收入爲4630萬美元,其中3270萬美元來自賽諾菲安萬特的合作。淨虧損縮窄至12130萬美元或每股0.76美元,去年爲13080萬美元或每股1.26美元。公司通過與賽諾菲安萬特的戰略合作加強了財務狀況,獲得了50000萬美元的預付款以及最高可達70000萬美元的潛在里程碑付款。營業費用同比減少30%,降至21850萬美元,反映了成本削減舉措。截至2024年9月30日,現金和投資總額爲92450萬美元。展望未來,諾瓦瓦克斯醫...展開全部
諾瓦瓦克斯醫藥報告2024年第三季度營業收入爲8450萬美元,較2023年第三季度的18700萬美元下降,產品銷售從220萬美元上升至3820萬美元。該季度許可和特許權使用費收入爲4630萬美元,其中3270萬美元來自賽諾菲安萬特的合作。淨虧損縮窄至12130萬美元或每股0.76美元,去年爲13080萬美元或每股1.26美元。公司通過與賽諾菲安萬特的戰略合作加強了財務狀況,獲得了50000萬美元的預付款以及最高可達70000萬美元的潛在里程碑付款。營業費用同比減少30%,降至21850萬美元,反映了成本削減舉措。截至2024年9月30日,現金和投資總額爲92450萬美元。展望未來,諾瓦瓦克斯醫藥正在推進其COVID-19生物-疫苗項目,最近在美國和歐盟獲得了2024-2025年更新生物-疫苗的授權。公司持續優化其運營模式,專注於與賽諾菲安萬特的合作、管道開發(包括COVID-流感組合生物-疫苗)以及利用其Matrix-m佐劑技術平台,同時實施進一步的成本削減。
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