Moderna — Jan 13, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001682852-25-000002
Showing in the filing
Cost reduction / breakeven target
“breakeven in 2028”
Period
FY2028
Measure
Company-defined measure
Source
Prose
All guidance in this release · 11
Expected revenue range for FY2025
“$1.5 to 2.5 billion”
Revenue for FY2025
“$1.5 to 2.5 billion”
Cash cost expenses reduction for FY2025
“$1.0 billion”
Expected ending cash balance for FY2025
“approximately $6.0 billion”
Prioritized programs with anticipated milest…
“10”
Potential product approvals for FY2025
“up to three potential 2025 approvals”
Registrational data readouts
“six”
Product approvals target
“up to 10 product approvals over the next three years”
Additional 2026 cost reductions for FY2026
“$0.5 billion”
Additional cash cost savings for FY2026
“$0.5 billion”
Cost reduction / breakeven target for FY2028
“breakeven in 2028”
Exhibit 99.1 · the passage around this item
… earlier in the release
Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding: Moderna’s 2025 revenue guidance; Moderna’s plans for reducing future cash cost expenses and its expectations for future ending cash balances; Moderna's ability to execute on its strategic priorities, including its ability to drive sales growth, deliver up to ten product approvals over the next three years, and reduce costs across the business to breakeven in 2028; and the potential and timing for future product approvals, data readouts and commercial launches. In some cases, forward-looking statements can be identified by terminology such as "will," "may," "should," "could," "expects," "intends," "plans," "aims," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond Moderna's control and which could cause 3 actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties, and other factors include, among others, those risks and uncertainties described under the heading "Risk Factors" in Moderna's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (SEC), and in subsequent filings made
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.