Valneva Expects FY23 Total Revenues And Other Income Between €220M-€260M; Sees R&D Expenses Of €60M-€70M (Previously €70M-€90M)
Portfolio Pulse from Benzinga Newsdesk
Valneva has updated its financial guidance for FY23, expecting total revenues and other income between €220M-€260M, including €130M-€150M of product sales and €90M-€110M of other income. The company also anticipates R&D expenses to be between €60M-€70M, lower than the previous estimate of €70M-€90M, mainly due to reduced costs related to the closeout of COVID-19 activities.
November 09, 2023 | 7:21 am
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POSITIVE IMPACT
Valneva's updated financial guidance for FY23 indicates a positive outlook with expected increase in revenues and decrease in R&D expenses. This could potentially boost investor confidence and have a positive impact on the company's stock.
Valneva's updated financial guidance indicates an increase in revenues and a decrease in R&D expenses, which suggests improved profitability. This positive financial outlook could boost investor confidence and lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100