Valneva FY23 Revenue €153.7M Down From €361.3M YoY, Net Loss €101.4M Compared To €143.3M YoY
Portfolio Pulse from Benzinga Newsdesk
Valneva reported a decrease in FY23 revenue to €153.7M from €361.3M year-over-year, with a net loss of €101.4M, an improvement from a €143.3M loss YoY.
March 20, 2024 | 6:25 am
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Valneva's FY23 revenue fell to €153.7M from €361.3M YoY, with a reduced net loss of €101.4M compared to €143.3M YoY.
The significant drop in revenue year-over-year is a negative indicator for Valneva's financial health and performance, likely leading to a negative short-term impact on its stock price. However, the improvement in net loss might provide some offsetting positive sentiment.
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