Maravai Lifesciences Q4 Swings to Adjusted Loss, Revenue Declines

MT Newswires Live

03/19

Maravai Lifesciences (MRVI) reported a Q4 adjusted loss of $0.06 per diluted share late Tuesday, swinging from earnings of $0.01 a year earlier.

Analysts polled by FactSet expected an adjusted loss of $0.04.

Revenue for the quarter ended Dec. 31 was $56.6 million, down from $74.1 million a year earlier.

Analysts surveyed by FactSet expected $57.4 million.

Shares of Maravai Lifesciences were down 3.5% in recent after-hours activity.

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