NASDAQ$MRVI

Maravai LifeSciences Holdings Inc. · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported financial results, focusing on product portfolio expansion, market leadership, and scientific innovation.

Maravai LifeSciences reported a decrease in revenue to $64.2 million, a net loss of $(22.7) million, and an adjusted EBITDA of $7.8 million for Q1 2024. The company reaffirmed its full-year revenue guidance of $265.0 million to $285.0 million.

  • Quarterly revenue reached $64.2 million.
  • Net loss amounted to $(22.7) million.
  • Adjusted EBITDA was reported at $7.8 million.
  • Full-year 2024 revenue guidance reaffirmed at $265.0 million to $285.0 million.

Headline financials

Total Revenue

$63.4M

Previous: $78.3M-19.0%
EPS

-$0.09

Previous: $0.03-400.0%
Adjusted EBITDA

$7.8M

No prior period
Capital Expenditures

-$5.67M

Previous: -$7.87M+28.0%
Free Cash Flow

-$17.7M

Previous: -$7.94M-123.6%
Net Income

-$12.1M

Previous: -$67K-17926.9%
Operating Income

-$18.9M

Previous: $2.53M-844.6%
Gross Profit

$25.1M

Previous: $44.6M-43.8%
Cash & Equivalents

$562M

Previous: $628M-10.6%
Total Assets

$1.44B

Previous: $2.32B-37.6%
R&D Expense

$5.03M

No prior period
Stock-Based Comp

$12.1M

No prior period

Revenue & EPS history

Maravai · Revenue · Quarterly

$63.4M

Q1 2024-19%vs Q1 2023
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Revenue by segment

Maravai · $66.9M total across 2 segments · Q3 2023

  • TriLink
    $51.2M-70.7%
  • Cygnus
    $15.6M-4.5%

Forward guidance

Maravai expects full year 2024 revenue to be in the range of $265.0 million to $285.0 million and Adjusted EBITDA margins are expected to be in the range of 23% to 25%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.2%

Avg return

Earnings day

+2.1%

Avg return

5 days after

-0.1%

Avg return

30 days after

42%

10 / 24 earnings

Positive

+58.9%

Q4 2023

Best reaction

-36.7%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+23.1%+10.7%
Q4 2025+9.9%+13.2%-12.3%
Q3 2025-0.7%+12.5%+28.0%
Q1 2025-2.4%-0.9%+6.6%
Q4 2024-6.4%-13.2%-31.4%
Q3 2024-36.7%-29.0%-37.1%
Q2 2024-6.7%-4.3%-0.4%
Q1 2024+10.0%+17.5%-3.9%
Q4 2023+58.9%+57.0%+66.5%
Q3 2023-31.3%-25.0%-24.3%
Q2 2023-3.5%-10.1%-5.7%
Q1 2023-16.4%+2.5%-3.3%
Q4 2022+6.9%+3.2%-2.4%
Q3 2022-11.7%-13.8%-15.3%
Q2 2022+2.2%-3.5%-20.7%
Q1 2022+6.1%-2.9%+6.7%
Q4 2019+1.4%+1.1%-9.7%
Q4 2021-1.6%+14.8%+7.0%
Q3 2020-1.7%-0.4%+6.3%
Q3 2021+1.6%+3.1%+10.1%
Q2 2021-5.7%+8.8%+0.6%
Q1 2020+4.0%+8.6%+26.5%
Q1 2021-4.8%+2.1%+13.1%
Q4 2020-0.4%-2.4%-6.3%
Q2 2020

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro