Maravai LifeSciences Holdings, Inc. (MRVI) Shares Fall 21% After Delaying Q4 and FY 2024 Earnings Release, Admitting to Improper Revenue Recognition - Hagens Berman
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Maravai LifeSciences Holdings, Inc. (MRVI) shares dropped 21% after delaying Q4 and FY 2024 earnings release due to improper revenue recognition. Hagens Berman is investigating potential accounting misconduct.
February 28, 2025 | 2:45 pm
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Maravai LifeSciences shares fell 21% after delaying Q4 and FY 2024 earnings release due to improper revenue recognition. Hagens Berman is investigating potential accounting misconduct.
The delay in earnings release and admission of improper revenue recognition are significant red flags for investors, leading to a 21% drop in share price. The investigation by Hagens Berman into potential accounting misconduct further exacerbates investor concerns.
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