ENXTPA:VLABiotechs
Valneva (ENXTPA:VLA) Stock Faces A Harder Path To Profitability
Valneva stock came into this earnings print with some momentum, with the share price at €3 and solid gains over the past week and month. The bullish story around future growth and a relatively low price to sales ratio met a very different reality in the latest numbers. Q2 revenue of €34.9m sat alongside a net loss of €31.2m, and half year results showed pressure from higher production costs and one off manufacturing hits.
The headline for investors is simple. The growth narrative is intact on...