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Stock impact report

Valneva Reports Nine-Month 2024 Financial Results and Provides Corporate Updates

Valneva SE - American Depositary Shares (VALN) 
Company Research Source: GlobeNewswire
 Nine-Month Key Financial Highlights Total revenues of €116.6 million, including product sales of €112.5 millionNet Profit of €24.7 million, including proceeds from the Priority Review Voucher (PRV)1 sale Operating profit of €34.2 million compared to an operating loss of €57.2 million in the first nine-months of 2023 Cash position of €156.3 million Includes €61.2 million in gross proceeds from recent private placement2Lower cash burn expected in the second half of 2024 as cost contributions to the agreed R&D budget for partnered Lyme disease program were completed in the second quarter of the year Full-year 2024 Financial Guidance Narrowed Expected total product sales according to guidance between €160 million to €170 million and currently anticipated total revenues between €170 million and €180 millionExpected R&D investments between €65 million and €75 millionExpected Other income between €100 million and €110 million, including €95 million from the PRV sale Launch of the world’ Show less Read more
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