Maravai Lifesciences Holdings Inc (OQ:MRVI)

Business Focus: Bio Diagnostics & Testing

Sector:  Healthcare Industry:  Biotechnology & Medical Research
 
See Regulatory Filings on SEC
Company Contact
Address: 10770 Wateridge Circle Suite 200
Suite 200
SAN DIEGO CA 92121
Tel: N/A
Website: https://www.maravai.com
IR: See website
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Key People
Carl W. Hull
Executive Chairman of the Board
William Martin
Chief Executive Officer
Kevin M. Herde
Chief Financial Officer
Peter Michael Leddy
Executive Vice President, Chief Administrative Officer
Kurt Oreshack
General Counsel, Secretary
Christine Dolan
Chief Operating Officer - Biologics Safety Testing
Business Overview
Maravai LifeSciences Holdings, Inc. is a life sciences company. The Company provides products that enable the development of drug therapies, diagnostics and vaccines and to support research on human diseases. Its companies provide products and services in the fields of nucleic acid synthesis and biologics safety testing to various biopharmaceutical, vaccine, diagnostics, and cell and gene therapy companies. The Company operates through two segments. Nucleic Acid Production segment is focused on the manufacturing and sale of highly modified nucleic acid products to support the needs of customer research, therapeutic and vaccine programs. The segment also provides research products for labeling and detecting proteins in cells and tissue samples. Biologics Safety Testing segment is focused on manufacturing and selling biologics safety and impurity tests and assay development services that are utilized by its customers in their biologic drug manufacturing activities.
Financial Overview
For the fiscal year ended 31 December 2023, Maravai Lifesciences Holdings Inc revenues decreased 67% to $288.9M. Net loss totaled $119M vs. income of $220.2M. Revenues reflect Nucleic Acid Production segment decrease of 72% to $224.8M, Biologics Safety Testing segment decrease of 8% to $64.2M, Europe, the Middle East and Africa segment decrease of 88% to $49.9M, North America segment decrease of 58% to $141.1M.
Employees: 650 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $1,925M as of Dec 31, 2023
Annual revenue (TTM): $288.95M as of Dec 31, 2023
EBITDA (TTM): $33.92M as of Dec 31, 2023
Net annual income (TTM): -$119.03M as of Dec 31, 2023
Free cash flow (TTM): $60.67M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 251,399,871 as of Feb 21, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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