Pfizer’s COVID-19 Shot Accomplice BioNTech Studies This autumn Revenue, However 2025 Steerage Falls Quick On Expectations – BioNTech (NASDAQ:BNTX)

BioNTech SE BNTX on Monday reported fourth-quarter per-share earnings of 1.08 euros ($1.17), down from 1.88 euros reported a 12 months in the past in comparison with the consensus of 38 cents.

The COVID-19 vaccine maker reported gross sales of 1.19 billion euros, in comparison with 1.48 billion euros, beating consensus of 1.09 billion.

The income lower was primarily pushed by decrease gross sales of the corporate’s COVID-19 vaccines as a result of lowered market demand.

As well as, write-downs by BioNTech’s collaboration associate Pfizer Inc PFE considerably lowered the corporate’s gross revenue share which negatively influenced its revenues.

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“From the very starting, BioNTech’s imaginative and prescient has been to translate our science into survival and develop into an immunotherapy powerhouse. In 2024, we made vital progress in the direction of our imaginative and prescient via essential oncology pipeline developments, together with the initiation of world Section 3 scientific trials for our anti-PD-L1/VEGF-A bispecific antibody candidate BNT327 and key knowledge updates from our mRNA most cancers immunotherapy applications,” mentioned BioNTech CEO Ugur Sahin. “We count on 2025 to be a data-rich 12 months with a number of essential updates from our precedence applications…”

The price of gross sales was 243.5 million euros, in comparison with 179.1 million euros a 12 months in the past, pushed by COVID-19 vaccine gross sales, stock write-downs, and scrapping.

Analysis and growth bills have been 611.8 million euros in comparison with 577.8 million euros a 12 months in the past, primarily influenced by advancing scientific research for the corporate’s late-stage oncology product candidates.

Steerage: BioNTech expects its 2025 revenues of 1.7 billion-2.2 billion euros in comparison with consensus of two.57 billion euros and income phasing much like 2024, primarily concentrated within the final three to 4 months, driving the full-year income determine.

BioNTech expects to proceed to focus investments on R&D and scaling the enterprise for late-stage growth and industrial readiness in oncology.

Worth Motion: BNTX inventory is down 3.39% at $105.10 on the final examine Monday.

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