MRVI
Maravai LifeSciences Holdings, Inc.3.5900
-0.0800-2.18%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.32BP/E (TTM)
-Basic EPS (TTM)
-0.84Dividend Yield
0%Recent Filings
8-K
8-K
Board shrinks to cut costs
Maravai LifeSciences Holdings trimmed its Board from eleven to eight directors on October 27, 2025, after Benjamin Daverman, Jessica Hopfield, PhD, and Murali Prahalad, PhD voluntarily resigned effective October 21, 2025, to rationalize size and cut administrative costs. No disagreements prompted the exits. R. Andrew Eckert took chair of the Nominating, Governance and Risk Committee and joined Audit; Gregory T. Lucier joined the former. The board accelerated vesting of the departing directors' unvested RSUs. Board shrinks signal efficiency.
10-Q
Q2 FY2025 results
Maravai LifeSciences posted Q2 revenue of $47.4M, down 31.7% y/y from $69.4M amid the absence of high-volume CleanCap vaccine sales that boosted last year, while Biologics Safety Testing grew 9.9% y/y to $16.3M on stronger HCP kits and viral clearance demand. Gross margin contracted to 16.4% from 44.4% y/y, pressured by a $3.5M excess inventory reserve and fixed costs on lower volume, yielding an operating loss of $66.3M versus $13.4M last year, including a $30.4M Alphazyme goodwill impairment from softer enzyme forecasts. Diluted EPS fell to $(0.27) from $(0.07), aligning with 144.2M weighted shares and no anti-dilution effects. Cash dipped to $269.9M after $19.7M operating outflow and $26.4M spent on Molecular ($11.2M cash, closed Jan 2025, $3.4M goodwill) and Officinae ($15.1M cash, closed Feb 2025, $8.8M goodwill) acquisitions; Term Loan stands at $297.0M (7.27% rate, due Oct 2027) with full $166.5M revolver availability. Non-GAAP metrics not disclosed in the 10-Q. Yet competition from larger biotech rivals looms large.
8-K
Q2 results and restructuring announced
Maravai LifeSciences reported Q2 2025 revenue of $47.4 million, down 31.7% year-over-year, with a $69.8 million net loss driven by a $30.4 million goodwill impairment, yet base business excluding high-volume CleanCap grew 5%. The company announced a restructuring impacting 25% of its workforce, targeting over $50 million in annualized cost savings, alongside executive departures and new CEO Bernd Brust's appointment to sharpen execution. Restructuring costs are estimated at $8.0 million to $9.0 million, mostly in H2 2025. Leadership shakeup demands swift adaptation.
8-K
Auditor switch due to weaknesses
Maravai LifeSciences Holdings dismissed Ernst & Young as its auditor and appointed Deloitte & Touche effective July 16, 2025, amid prior material weaknesses in internal controls over revenue, accounts receivable, and goodwill impairment flagged in its 2024 10-K. No disagreements arose with EY on accounting or auditing matters. The switch aims to bolster financial reporting integrity. Deloitte inherits a cleanup task.
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