Moderna achieves profitability with $1.4 billion in third-quarter revenue
MRNA Moderna Inc
$254.19 +5.27%
View chart & analysis → - 1Moderna recorded a 29% revenue growth rate in the third quarter and achieved a net income of $200 million for the period.
- 2Moderna secured $2.6 billion in net proceeds through the issuance of convertible bonds.
- 3Moderna raised its annual revenue growth guidance to 15% to 25%.
So what's the key point?
Moderna earned $200 million in profit during the third quarter. Revenue grew by 29% and the company also raised its future revenue outlook.
Source The Motley Fool · View original ↗
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