Maravai LifeSciences (MRVI) Tops Q1 EPS by 4c

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Maravai Lifesciences Reports First Quarter Financial Results and Updates 2021 Financial Guidance

May 10, 2021 4:05 PM EDT

SAN DIEGO, May 10, 2021 (GLOBE NEWSWIRE) -- Maravai LifeSciences Holdings, Inc. (Maravai)(NASDAQ: MRVI), a global provider of life science reagents and services to researchers and biotech innovators, today reported financial results for the first quarter ended March 31, 2021. Highlights include:

Revenue increased 190.7% to $148.2 million for the first quarter;Updated 2021 revenue guidance of $680.0 million to $720.0 million, representing full year growth of 139.4% to 153.5%.

"As reported in our pre-announcement, Maravais strong momentum... More