Company name:

Moderna Inc

  • IPO SHARE PRICE:
    $23.00
  • IPO DATE:
    December 07, 2018
  • TICKER:
    MRNA
  • MAIN STOCK EXCHANGE:
    NASDAQ Global Select
  • CURRENT HQ LOCATION:
    200 Technology Square Cambridge Massachusetts 02139
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Moderna Inc

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
65.8% —

Grant revenue

24.9% —

Product revenue

9.3% —

Collaboration revenue
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Product revenue
-
 - - - 199,872 199,872 -
Collaboration revenue
$45,679
 146,953 122,512 48,036 74,618 74,618 118,012
Collaboration revenue from related party
$45,679
 30,021 45,993 5,233 - - -
Grant revenue
$45,679
 28,851 12,556 12,173 528,905 528,905 1,365,480
Total Revenue
$45,679
 $205,825 $135,068 $60,209 $803,395 $803,395 $2,282,980
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
195.0%
170.6% —

Research and development

23.4% —

Selling general and administrative

1.0% —

Cost of sales
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of sales
-
 - - - 7,933 7,933 -
Research and development
45,679
 410,459 454,082 496,309 1,370,339 1,370,339 3,035,440
Selling general and administrative
-
 - 94,252 109,620 188,267 188,267 -
General and administrative
45,679
 64,722 94,252 109,620 - - -
Total operating expenses
45,679
 475,181 548,334 605,929 1,566,539 1,566,539 3,383,132
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
95.0%
95.0% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
 ($269,356) ($413,266) ($545,720) ($763,144) ($763,144) ($1,100,152)
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.8%
0.8% —

Other expense or income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
45,679
 (1,875) 1,835 (7,526) (6,084) (6,084) -
Total non-operating income (expense)
45,679
 (1,875) 1,835 (7,526) (6,084) (6,084) -
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
95.7%
95.7% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
 ($271,231) ($411,431) ($553,246) ($769,228) ($769,228) ($1,100,152)
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
2.8%
3.1% —

Interest income

0.3% —

Income tax expense or benefit
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest income
45,679
 15,235 27,023 38,530 24,715 24,715 16,800
Income before income taxes
45,679
 (255,996) (384,408) (514,716) (744,513) (744,513) (1,084,048)
Income tax expense or benefit TEST - ODD
45,679
 (80) 326 (695) 2,551 2,551 5,892
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
93.0%
93.0% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
 ($255,916) ($384,734) ($514,021) ($747,064) ($747,064) -
Premium paid on repurchase of preferred stock
45,679
 - (4,127) - - - -
Cumulative preferred stock dividends
45,679
 (13,925) (12,996) - - - -
Net income (loss) attributable to common stock
45,679
 (269,841) (401,857) (514,021) (747,064) (747,064) (1,089,940)
Redeemable convertible preferred units accretion
45,679
 - - - - - -

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Common
-
 - 329,000,469 368,642,548 399,769,582 399,769,582 399,769,582
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
 ($4.18) ($4.95) ($1.55) ($1.96) ($1.96) ($3.08)
Net Income per diluted share
$45,678,795.00
 ($4.18) ($4.95) ($1.55) ($1.96) ($1.96) ($3.08)