Valneva Second Quarter 2024 Earnings: €0.19 loss per share (vs €0.12 loss in 2Q 2023)

Valneva (EPA:VLA) Second Quarter 2024 Results

Key Financial Results

• Revenue: €38.1m (down 5.4% from 2Q 2023).
• Net loss: €24.9m (loss widened by 47% from 2Q 2023).
• €0.19 loss per share (further deteriorated from €0.12 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Valneva Earnings Insights

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 32% growth forecast for the Biotechs industry in France.

Performance of the French Biotechs industry.

The company's shares are up 10% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Valneva has 2 warning signs we think you should be aware of.

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