NASDAQ$MRVI

Maravai LifeSciences Holdings Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported record first half revenue, net income, adjusted EBITDA and EPS.

Maravai LifeSciences reported a solid quarter with total revenues reaching $242.7 million, up 11% over the second quarter of 2021. The results include 27% revenue growth in the Nucleic Acid Production base business, after excluding the effect of an estimated $178 million of COVID-19-related CleanCap revenue in the quarter. Net income was $156.7 million for the second quarter, representing growth of 17% over the prior year.

  • Quarterly revenue of $242.7 million, an increase of 11% over the prior year.
  • Nucleic Acid Production base business revenue (excluding estimated COVID-19 related CleanCap® revenue) increased 27% over the prior year.
  • Net income of $156.7 million for the second quarter, representing growth of 17% over the prior year.
  • Record Adjusted EBITDA margins of 78%.

Headline financials

Total Revenue

$241M

Previous: $216M+11.5%
EPS (adj)

$0.54

Previous: $0.44+22.7%
Capital Expenditures

-$4.41M

Previous: -$7.78M+43.3%
Free Cash Flow

$66.8M

Previous: $41.3M+61.8%
Net Income

$71.2M

Previous: $49.1M+45.2%
Operating Income

$181M

Previous: $154M+17.2%
Gross Profit

$204M

Previous: $179M+13.9%
Cash & Equivalents

$551M

Previous: $375M+47.0%
Total Assets

$2.17B

Previous: $1.6B+35.6%
Stock-Based Comp

$4.31M

Previous: $2.38M+80.8%

Revenue & EPS history

Maravai · Revenue · Quarterly

$241M

Q2 2022+11.5%vs Q2 2021
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Revenue by segment

Maravai · $243M total across 2 segments · Q2 2022

  • TriLink
    $225M+17.0%
  • Cygnus
    $17.5M-4.0%

Forward guidance

Total revenue for 2022 is projected to be in the range of $880.0 million to $910.0 million, reflecting overall growth of 10% to 14%. Adjusted EBITDA (non-GAAP) is now expected to be in the range of $640.0 million to $660.0 million. Adjusted fully diluted EPS (non-GAAP) is now expected to be in the range of $1.70 - $1.80 per share.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.2%

Avg return

Earnings day

+2.1%

Avg return

5 days after

+1.1%

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+23.4%+10.9%+27.5%
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

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