CureVac Reports Surging Revenues and Profit Growth

CureVac (CVAC) has released an update.

CureVac N.V. has reported significant financial growth in the third quarter of 2024, with revenues surging to €493.9 million compared to €16.5 million in the same period last year, resulting in a net profit of €338 million. The company’s improved financial position is reflected in a substantial increase in cash and cash equivalents, growing from €402.5 million at the end of 2023 to €550.9 million by September 2024. Investors may find these results encouraging, as CureVac’s financial turnaround indicates strong operational performance and potential for future growth.

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