Maravai Q1 2023 Earnings Report
Key Takeaways
Maravai LifeSciences reported a first-quarter revenue of $79.0 million, a net loss of $(1.3) million, and adjusted EBITDA margins of 30.1%. The revenue decrease was primarily driven by a decline in Nucleic Acid Production revenue due to decreased COVID-19 related CleanCap demand.
Quarterly revenue was $79.0 million.
Net loss was $(1.3) million.
Adjusted EBITDA margins were 30.1%.
The company focused on expanding its product portfolio and advancing market leadership in the mRNA space.
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Forward Guidance
Maravai projects total revenue for 2023 to be in the range of $400.0 million to $440.0 million. Adjusted EBITDA is expected to be in the range of $155.0 million to $175.0 million, and adjusted fully diluted EPS is expected to be in the range of $0.27 to $0.33 per share.