Moderna invests in R&D as Spikevax sales fall

1 August 2024

mRNA specialist Moderna (Nasdaq: MRNA) has reported a decline in revenues for the second quarter of 2024, taking in $241 million, down from $344 million in the same period last year.

The company's net loss was $1.3 billion, equating to a loss per share of $3.33, compared to a net loss of $1.4 billion and a loss per share of $3.62 in the second quarter of 2023.

The decline in revenue was primarily driven by reduced sales of Spikevax, Moderna's COVID-19 vaccine, reflecting the anticipated shift to a seasonal market.

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