Maravai LifeSciences Holdings Inc. filed SEC Form 8-K: Regulation FD Disclosure
$MRVI
Biotechnology: Pharmaceutical Preparations
Health Care
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
| CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | ||||||||
Date of Report (Date of earliest event reported): March 20, 2025
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Item 7.01. Regulation FD Disclosure.
On March 20, 2025, during its financial results conference call, Maravai LifeSciences Holdings, Inc. (“Maravai” or the “Company”) intends to present information regarding the Company’s financial guidance for the full year 2025. As previously announced, this conference call will be available via live or archived webcast on the “Investors” section of the Maravai website at https://investors.maravai.com/. Presentation slides will be posted to this website.
Based on expectations for its existing business and excluding the financial impact of potential new acquisitions, if any, or items that have not yet been identified or quantified, the Company expects revenue for 2025 to be in the range of $185.0 million to $205.0 million, with revenue for the first quarter 2025 expected to be in the range of $43.0 million to $45.0 million. The table below includes the projected impact for 2025 of certain items excluded from the Company’s calculation of Adjusted EBITDA (non-GAAP):
| Interest expense, net of interest income | $14.0 million to $16.0 million | ||||
| Depreciation and amortization | $50.0 million to $55.0 million | ||||
| Stock-based compensation expense | $45.0 million to $50.0 million | ||||
For 2025, the Company also expects its as-if fully converted diluted weighted average number of Class A common shares outstanding to be approximately 256 million and total capital expenditures to be in the range of $15.0 million to $20.0 million.
The foregoing guidance is subject to a number of risks, uncertainties and other factors, including those identified under “Forward-Looking Statements” below.
The information in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Forward-Looking Statements
This Current Report on Form 8-K contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Investors are cautioned that statements in this Current Report on Form 8-K which are not strictly historical statements, including, without limitation, statements regarding the Company’s financial guidance for the fiscal year ending December 31, 2025, constitute forward-looking statements and are identified by words like “believe,” “expect,” “see,” “project,” “may,” “will,” “should,” “seek,” “anticipate,” or “could” and similar expressions.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on management’s current beliefs, expectations and assumptions regarding the future of the Company’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of management’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements include the factors discussed throughout the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, as well as other documents the Company files with the Securities and Exchange Commission.
Any forward-looking statements made in this Current Report on Form 8-K are based only on information currently available to management and speak only as of the date on which they are made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MARAVAI LIFESCIENCES HOLDINGS, INC. | ||||||||
Date: March 20, 2025 | By: | /s/ Kevin M. Herde | ||||||
| Name: | Kevin M. Herde | |||||||
| Title: | Chief Financial Officer | |||||||