CureVac Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

CureVac (NASDAQ:CVAC) Second Quarter 2024 Results

Key Financial Results

• Revenue: €14.4m (up 91% from 2Q 2023).
• Net loss: €72.5m (loss widened by 7.6% from 2Q 2023).
• €0.32 loss per share (further deteriorated from €0.30 loss in 2Q 2023).

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

CureVac Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 194%. Earnings per share (EPS) missed analyst estimates by 6.3%.

Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for CureVac you should know about.

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