Small-Cap Maravai LifeSciences' Q4 Outperforms Expectations, Analyst shows Optimism Around 2024 Guidance
Portfolio Pulse from Vandana Singh
Maravai LifeSciences Holdings Inc (NASDAQ:MRVI) reported Q4 2023 revenue of $74.1 million, surpassing the consensus of $64.38 million, and introduced a 2024 revenue guidance range of $265.0 million to $285.0 million, above expectations. Despite a net loss of $(110.0) million due to a valuation adjustment, the adjusted EBITDA margin was 28%. The adjusted EPS of $0.01 exceeded the estimated $(0.01) loss. William Blair remains optimistic, reiterating an Outperform rating, as MRVI shares surged 60.8% to $8.22.
February 23, 2024 | 7:07 pm
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POSITIVE IMPACT
Maravai LifeSciences reported a strong Q4 2023 performance with revenue exceeding expectations and provided an optimistic 2024 revenue guidance. The company's shares surged 60.8% following the announcement.
The positive Q4 earnings report and the optimistic 2024 revenue guidance are likely to instill confidence in investors, contributing to the significant stock price increase. The outperformance in a challenging market and the potential for mid-teens growth and high EBITDA margins as highlighted by William Blair further support a positive outlook for MRVI in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100