BioNTech announces massive decline in 1st-qtr 2024 sales and earnings

7 May 2024

German biotech BioNTech (Nasdaq: BNTX), which shot into the limelight with the development of the most successful COVID-19 vaccine, Comirnaty, has reported financial results for the three months ended March 31, 2024, showing that total revenues have fallen to 187.6 million euros ($202 million), compared to 1,277.0 million euros for the comparative prior year period. This was 55.76% worse than analysts’ estimates for revenue of $460.50 million.

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