NASDAQ: MRVI Q4 and Year-end 2024 Financial Results 01 Welcome Deb Hart, Head of Investor Relations 02 10-K Update, Financial Results & Guidance Kevin Herde, Chief Financial Officer 03 Business Highlights & Strategy Trey Martin, Chief Executive Officer 04 Q&A Session Trey Martin, Chief Executive Officer Kevin Herde, Chief Financial Officer © 2025 Maravai LifeSciences 2 Forward Looking Statements and Use of Non-GAAP Financial Measures This presentation contains, and our officers and representatives may, from ...

Financial Data and Key Metrics Changes - The company reported fourth quarter revenues of $57 million, aligning with expectations, and full year revenues of $259 million, near the midpoint of the previously stated range of $255 million to $265 million [10] - GAAP net loss before non-controlling interests was $46 million for Q4 2024, compared to a loss of $110 million in Q4 2023, while the annual net loss was $260 million, up from $138 million in 2023 [12] - Adjusted EBITDA for Q4 2024 was a negative $1 million, down from $21 million in Q4 2023, with a full year adjusted EBITDA of $36 million, reflecting a margin of 14% [12][13] Business Line Data and Key Metrics Changes - The Biologic Safety Testing segment generated $15 million in Q4 and $63 million for the full year, with an adjusted EBITDA margin of approximately 70% [10][17] - The Nucleic Acid Production segment reported revenues of $42 million in Q4, including $14 million from high volume clean cap sales, and $196 million for the full year, with an adjusted EBITDA margin of 26% [10][17] Market Data and Key Metrics Changes - Revenue breakdown by customer type for 2024 showed 48% from biopharma, 25% from life sciences and diagnostics, 5% from CROs, CMOs, and CDMOs, 4% from academia, and 18% through distributors [11] - The company’s exposure to China was $13.6 million for the full year, with expectations for flat growth in 2025 [69] Company Strategy and Development Direction - The company is focused on returning its base business to growth, anticipating revenues of $185 million to $205 million for 2025, excluding high volume clean cap [19][20] - Strategic investments include expanding commercial footprint, enhancing intellectual property protection, and integrating recent acquisitions to drive growth in the discovery area [30][63] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in forecasting due to market dynamics but expressed confidence in the company’s capabilities and growth opportunities [19][24] - The company is enhancing visibility into customer clinical programs to better predict sales and manage operations [27][35] Other Important Information - The company ended 2024 with $322 million in cash and $300 million in long-term debt, resulting in a net cash position of $22 million [14] - Capital expenditures for 2024 were $30 million, with expectations for a decline to $15 million to $20 million in 2025 [23][15] Q&A Session Summary Question: Can you provide guidance on gross margins for 2025? - Management indicated that the cost structure for 2025 will remain consistent with 2024, with fixed costs around $200 million and variable costs expected to range between 10% to 12% [46][47] Question: How is the company improving visibility with key customers? - Management noted that new agreements include mandatory disclosure requirements for clinical trial milestones, which should enhance visibility into customer programs [52][53] Question: What are the expectations for segment growth and revenue cadence? - Management expects Q1 2025 revenues to be between $43 million to $45 million, with growth anticipated in the back half of the year driven by acquisitions and new product introductions [56][58] Question: What are the capital allocation priorities for 2025? - The company plans to focus on reducing cash interest expenses and is open to evaluating M&A opportunities that align with their strategic goals [62][63] Question: How much of the revenue forecast is related to COVID vaccine contributions? - Management stated that the forecast excludes any contributions from COVID-related revenues, reflecting a shift in focus to base business growth [80][82] Question: What percentage of revenue did the top 10 customers comprise for 2024? - The top 10 customers accounted for 46% of revenue in 2024, showing a gradual diversification from 48% in 2023 [84]

NEW YORK, March 20, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Maravai LifeSciences Holdings, Inc. (NASDAQ: MRVI).Shareholders who purchased shares of MRVI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/maravai-lifesciences-holdings-inc-loss-submission-form/?id=137092&fr ...

Core Viewpoint - Maravai LifeSciences Holdings, Inc. is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements and inadequate internal controls over financial reporting [1][3]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Nelson v. Maravai LifeSciences Holdings, Inc., and it allows purchasers of Maravai securities from August 7, 2024, to February 24, 2025, to seek lead plaintiff status by May 5, 2025 [1][5]. - Allegations include that Maravai lacked adequate internal controls over financial reporting, inaccurately recognized revenue during fiscal 2024, and overstated goodwill [3][4]. - On February 25, 2025, Maravai announced a postponement of its fiscal 2024 earnings release due to issues related to revenue recognition and a potential non-cash impairment charge, leading to a nearly 22% drop in stock price [4][3]. Group 2: Company Background - Maravai LifeSciences is a provider of biologics that support clinical research [2]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is recognized for its success in securities fraud cases, having recovered $6.6 billion for investors in such cases [6].

LOS ANGELES, March 19, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Maravai LifeSciences Holdings, Inc. ("Maravai" or "the Company") (NASDAQ: MRVI) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between August 7, 2024 and February 24, 2025, inclusive (the "C ...

Core Viewpoint - A class action lawsuit has been filed against Maravai LifeSciences Holdings, Inc. for allegedly misrepresenting its financial condition and revenue recognition practices during a specified period [1][2]. Group 1: Allegations - The lawsuit alleges that Maravai lacked adequate internal controls over financial reporting related to revenue recognition [2] - It is claimed that the company inaccurately recognized revenue on certain transactions during fiscal 2024 [2] - The complaint also states that Maravai's goodwill was overstated, leading to materially misleading statements about the company's business and prospects [2] Group 2: Stock Impact - Following the revelation of an error in revenue recognition and a material weakness in internal controls, Maravai's stock price fell over 21% to close at $3.14 per share on February 25, 2025 [3] Group 3: Class Action Participation - Shareholders interested in serving as lead plaintiffs must file their papers with the court by May 5, 2025 [4] - Shareholders can remain absent class members if they choose not to participate in the case [4] Group 4: Company Background - Maravai LifeSciences is a life sciences company that provides products for drug therapy development, diagnostics, novel vaccines, and research support on human diseases globally [1]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-39725 Maravai LifeSciences Holdings, Inc. (Exact name of registrant as specified in its charter) | Delaware | 85-2786970 | | --- | --- | | (State or other juris ...

Earnings Release Delay - Maravai LifeSciences Holdings, Inc. announced a delay in its earnings release and call originally scheduled for February 25, 2025, due to the need for additional time to complete its financial close process[5]. - The company intends to file a Form 12b-25 for late filing with the SEC on or before March 4, 2025, and plans to submit its annual report on Form 10-K for the fiscal year ended December 31, 2024, by March 18, 2025[5]. Preliminary Revenue Results - Preliminary revenue results for the year ended December 31, 2024, were included in the February 2025 Press Release, although specific figures were not disclosed in the provided content[6].

Schedules Conference Call for Thursday, March 20, 2025SAN DIEGO, March 18, 2025 (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 fourth quarter and full year ended December 31, 2024, together with other business updates. The company also expects to file its Annual Report on Form 10-K for the year ended December 31, 2024, with the Securities ...

NEW YORK, March 18, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Maravai LifeSciences Holdings, Inc. ("Maravai LifeSciences" or the "Company") (NASDAQ: MRVI) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Maravai LifeSciences investors who were adversely affected by alleged securities fraud between August 7, 2024 and February 24, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zl ...