The chart below shows how BNTX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BNTX sees a +0.26% change in stock price 10 days leading up to the earnings, and a +1.35% change 10 days following the report. On the earnings day itself, the stock moves by -2.11%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Comparison Q3 2023: Total revenues reported for the period were approximately €1.245 billion, mostly recorded in September, compared to approximately €895 million for the third quarter of 2023.
COVID-19 Vaccine Approval Impact: The increase compared to the same period last year can be largely attributed to earlier approvals of our variant-adapted COVID-19 vaccines this year versus last year.
Cost of Sales Comparison: Cost of sales amounted to approximately €179 million for the third quarter of 2024 compared to approximately €162 million for the comparative prior-year period.
R&D Expense Increase: Research and development expenses were approximately €550 million for the third quarter of 2024 compared to approximately €498 million for the comparative prior-year period.
Net Income Increase: We reported a net income of approximately €198 million compared to about €161 million for the comparative prior-year period.
Negative
Revenue Comparison Q3 2023: The total revenues reported for the period were approximately €1.245 billion, mostly recorded in September, compared to approximately €895 million for the third quarter of 2023.
Cost of Sales Comparison: Cost of sales amounted to approximately €179 million for the third quarter of 2024 compared to approximately €162 million for the comparative prior-year period.
R&D Expense Increase: Research and development expenses were approximately €550 million for the third quarter of 2024 compared to approximately €498 million for the comparative prior-year period.
Operating Results Decline: The company's other operating results amounted to approximately negative €355 million in the third quarter of 2024 compared to negative €9 million for the comparative prior-year period.
Income Tax Comparison Q3: Income taxes were realized with an amount of about €39 million in the third quarter of 2024 compared to approximately €67 million of accrued tax expenses for the comparative prior-year period.
BioNTech SE (BNTX) Q3 2024 Earnings Call Transcript
BNTX.O
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