Home Uncategorized r/StockMarket – Maravai Life Science releases revenue statement.

r/StockMarket – Maravai Life Science releases revenue statement.

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Maravai LifeSciences Holdings, Inc. (Maravai or the Company) (NASDAQ: MRVI), a global provider of life science reagents and services to researchers and biotech innovators, today provided preliminary unaudited revenue and Income from Operations estimates for the quarter ended March 31, 2021.

Subject to quarter-end closing adjustments, the Company expects to report total revenues of approximately $148 million for Q1 2021, an increase of 190% compared to Q1 2020 and a sequential increase of 50% compared to Q4 2020. These preliminary results exceed the Company’s most recent guidance provided on March 2, 2021, which projected Q1 2021 sequential revenue growth over Q4 2020 in the range of 30% to 35%. The Company has not yet completed its financial close process for the first quarter of 2021; however, the Company expects Income from Operations ranging between $80 million to $100 million for the quarter.

https://www.globenewswire.com/news-release/2021/04/05/2204530/0/en/Maravai-LifeSciences-Announces-Preliminary-Unaudited-First-Quarter-Revenues-and-Income-From-Operations-Range.html

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