Moderna recently adjusted its revenue forecast for 2025, lowering expectations due to delays in vaccine shipments to the U.K. Even with this setback, the company outperformed analysts’ expectations for the second quarter. However, their stock took a hit, dropping over 6% in premarket trading.
Now, Moderna predicts its revenue will range between $1.5 billion and $2.2 billion for the year—$300 million less than earlier estimates. This adjustment comes as the company plans to cut 10% of its workforce and implement further cost-saving measures amid a decline in COVID vaccine sales.
In an interview, Moderna’s CFO Jamey Mock explained that the company will reschedule the shipment of spring COVID boosters to the U.K. for the first quarter of 2026. He reassured that the overall contract value remains unchanged, simply shifting delivery timelines.
Moderna’s second-quarter report showed a revenue of $142 million, down 41% from last year. Most of this revenue came from the COVID vaccine, totaling $114 million—higher than the projected $89 million. However, sales of their vaccine for respiratory syncytial virus were disappointing, generating “negligible” revenue compared to expectations of $5.9 million.
The net loss for this quarter stood at $825 million, or $2.13 per share, which is an improvement compared to last year’s loss of $1.3 billion, or $3.33 per share. Mock noted that cost-cutting efforts played a significant role in these results, with operating expenses falling 27% to $1.1 billion.
The trend of cutting costs amid declining vaccine sales reflects a broader challenge in the biotech sector. According to industry analyst reports, many companies are struggling as pandemic-related demand decreases. For example, a recent survey indicated that nearly 60% of biotech companies anticipate further layoffs in the next year due to shifting market needs.
As Moderna navigates these changes, social media sentiment appears mixed. Some users express concern about job cuts and revenue dips, while others remain hopeful about future innovations and product development.
In summary, while Moderna faces challenges in the short term, its proactive approach to cutting costs and adjusting strategy may position it for better stability in the future.
For deeper insights into Moderna’s financial strategies and vaccine market trends, check out this report from Reuters.
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