NASDAQ$MRVI

Maravai LifeSciences Holdings Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported financial results for the third quarter ended September 30, 2021 and updated 2021 financial guidance.

Maravai LifeSciences reported a strong third quarter with revenue increasing by 133% to $204.8 million and net income of $132.8 million, representing a 240% growth over the prior year. The company also increased its 2021 revenue guidance to a range of $770.0 million to $780.0 million and established initial 2022 revenue guidance range of $840.0 million to $880.0 million.

  • Revenue increased 133% to $204.8 million for the third quarter.
  • Net income of $132.8 million for the third quarter, representing growth of 240% over the prior year.
  • 2021 revenue guidance increased to a range of $770.0 million to $780.0 million.
  • Established initial 2022 revenue guidance range of $840.0 million to $880.0 million.

Headline financials

Total Revenue

$203M

Previous: $87.9M+130.8%
EPS (adj)

$0.44

Previous: $0.12+266.7%
Capital Expenditures

-$9.19M

Previous: $10.1M-191.1%
Free Cash Flow

$45.1M

Previous: $41.3M+9.1%
Net Income

$54.3M

Previous: $39M+39.3%
Operating Income

$157M

Previous: $45.7M+243.1%
Gross Profit

$171M

Previous: $68.1M+150.8%
Cash & Equivalents

$548M

Previous: $125M+338.7%
Total Assets

$1.89B

No prior period
Stock-Based Comp

$3.57M

Previous: $1.85M+92.9%

Revenue & EPS history

Maravai · Revenue · Quarterly

$203M

Q3 2021+130.8%vs Q3 2020
Beat estimate in 8 of 12 quarters(67%)
ActualEstimate

Revenue by segment

Maravai · $200M total across 2 segments · Q3 2021

  • TriLink
    $183M+170.3%
  • Cygnus
    $16.6M+17.8%

Forward guidance

Maravai provided preliminary revenue guidance for 2022, projecting total revenue to be in the range of $840.0 million to $880.0 million, reflecting overall growth at the midpoints of 11% and 14% before and after adjusting for the divestiture of our Protein Detection Business, respectively.

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 Q3 2021

Historical avgQ3 2021

-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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