William E. Martin, III
Mr. Martin resigned from the Board
Highest-materiality recent filing
Maravai LifeSciences refinances credit agreement, reduces debt by ~$93M and extends maturity to 2032
New $150M term loan and $30M revolver mature June 2032; proceeds plus $98.5M cash repaid $242.9M prior debt due Oct 2027.
Maravai LifeSciences Q1 revenue up 41% to $65.8M; raises full-year guidance
Q1 2026 revenue $65.8M, up 40.5% YoY; net loss improved to $(6.4)M from $(52.9)M.
Maravai Q4 revenue $49.9M, net loss $63M; guides 2026 revenue $200-210M
Q4 revenue $49.9M, net loss $(63.0)M, positive Adj EBITDA $0.5M (non-GAAP).
Maravai Q3 revenue $41.6M, net loss $45.1M, Adj EBITDA -$10.8M
Revenue of $41.6 million, net loss of $45.1 million, and Adjusted EBITDA loss of $10.8 million for Q3 2025.
Maravai Q2 revenue down 32% to $47.4M; net loss $69.8M; restructuring cuts 25% of workforce
Q2 revenue $47.4M (-32% YoY); net loss $69.8M (incl. $30.4M goodwill impairment); adjusted EBITDA -$10.4M vs +$13.0M.
Maravai LifeSciences dismisses EY, appoints Deloitte; material weakness disclosed
EY dismissed as auditor; Deloitte appointed effective July 16, 2025 for FY 2025.
Maravai LifeSciences appoints Bernd Brust as CEO, succeeding William Martin
Bernd Brust named CEO and board member effective June 8, 2025; William Martin resigned as CEO and from board.
Maravai Q1 revenue $46.9M (-27% YoY), net loss $(52.9)M, adj EBITDA $(10.5)M
Revenue $46.9M vs $64.2M in Q1 2024; net loss $(52.9)M includes $12.4M goodwill impairment.
Maravai LifeSciences guides 2025 revenue $185M-$205M; Q1 revenue $43M-$45M
Full-year 2025 revenue guidance $185M-$205M; Q1 2025 revenue $43M-$45M.
Maravai restates Q2/Q3 2024 financials due to $3.9M revenue recognition error; Q4 revenue down 24%
Non-reliance on Q2 and Q3 2024 financials; restatement corrects $3.9M revenue timing error.
Earnings release and call postponed; 10-K filing delayed until March 18, 2025.
Maravai prepays $228M of term loan; remaining balance ~$300M
Voluntarily prepaid $228M aggregate principal of term loan using cash on hand.
Maravai LifeSciences Chairman Carl Hull Retires; R. Andrew Eckert Appointed Chairman
Founder Carl Hull retires as Executive Chairman and resigns from Board, effective Dec 5, 2024; departure not related to any disagreement.
Q3 revenue $65.2M (down 2.5% YoY); net loss $(176.0)M includes $154.2M goodwill impairment.
Maravai Q2 revenue up 6.5% to $73.4M, net loss $14.5M; reaffirms FY2024 guidance
Q2 revenue $73.4M (+6.5% YoY); Nucleic Acid Production +9.8%, Biologics Safety Testing -4.7%.
Maravai Q1 revenue down 19% to $64.2M; net loss widens to $22.7M; FY guide reaffirmed
Quarterly revenue $64.2M, down 19% YoY; Nucleic Acid Production fell 25% to $46.0M.
Maravai Q4 revenue plunges 64% to $74.1M; net loss $110M; FY24 guidance $265-285M
Revenue $74.1M (down 64% YoY); net loss $110M vs net income $87.4M year ago.
Maravai Q3 revenue down 65% to $66.9M, net loss of $15.1M; cuts ~100 jobs to save $30M annually
Q3 revenue $66.9M (-65% YoY); net loss $15.1M vs net income $99.7M a year ago.
Maravai Q2 revenue $68.9M, down 72%; net loss $11.9M; CEO transition to Trey Martin
Revenue $68.9M, down 71.6% YoY; net loss $(11.9)M vs net income $156.7M prior year.
Maravai LifeSciences completes planned CEO succession; Martin becomes CEO, Hull Executive Chairman
William 'Trey' Martin, III named CEO effective July 27, 2023; previously President of Biologics Safety Testing segment.
Maravai Q1 revenue $79M, down 68% YoY; net loss $1.3M vs prior net income $146.9M
Revenue $79.0M, -67.7% YoY; net loss $(1.3)M vs net income $146.9M in Q1 2022.
Maravai LifeSciences COO Brian Neel Resigns; Andrew Burch Named Successor
Brian Neel resigned as COO, Nucleic Acid Production, effective March 31, 2023.
Maravai LifeSciences confirms no exposure to Silicon Valley Bank
Company has no cash deposits or securities at Silicon Valley Bank.
Maravai Q4 revenue $204.7M, adj EPS $0.35; 2023 guidance $420-460M; acquires Alphazyme
Q4 revenue $204.7M (-10% YoY); net income $87.4M; adjusted diluted EPS $0.35.
Maravai settles noncompete lawsuit; Martin to become President, then CEO in July 2023
Trey Martin to serve as President of Biologics Safety Testing segment from Dec 5, 2022.
Maravai Q3 revenue $191.3M, down 7% YoY; net income $99.7M; guidance updated
Q3 revenue $191.3M (-6.6% YoY); net income $99.7M vs $132.2M prior year.
CEO Trey Martin placed on paid leave after court-ordered noncompete TRO; Carl Hull named interim CEO
Delaware Court of Chancery issued TRO preventing Martin from working for Maravai; pending preliminary injunction hearing later this year.
Maravai names Trey Martin CEO, co-founder Carl Hull becomes Executive Chairman
Martin appointed CEO effective Sept 30, 2022, succeeding Carl Hull who becomes Executive Chairman.
Maravai Q2 revenue $242.7M (+11% YoY), net income $156.7M (+17%), Adj. EBITDA margin 78% record
Q2 revenue $242.7M (+11% YoY); net income $156.7M (+17%); Adj. EBITDA $188.5M (78% margin).
Maravai Q1 revenue $244.3M (+65% YoY); net income $146.9M; raises FY22 guidance
Record Q1 revenue $244.3M, up 65% YoY; Nucleic Acid Production $223.7M (+80%).
Maravai Q4 revenue $228M, up 132% YoY; net income $127M; 2022 guidance raised to $920-960M
Q4 revenue $228.4M (+132% YoY); net income $127.1M (+778% YoY).
Maravai acquires MyChem for $240M cash; expands ultra-pure nucleotides for mRNA therapeutics
Purchase price $240M cash at close plus contingent consideration based on future conditions.
Maravai Q3 revenue up 133% to $204.8M; raises 2021 guidance, provides 2022 outlook
Q3 revenue $204.8M (+133% YoY); net income $132.8M (+240%); Adj EBITDA $156.0M.
Maravai Q2 revenue up 364% to $217.8M, raises FY guidance to $745-770M; selling Vector for $124M
Q2 revenue $217.8M (+364% YoY); net income $134.3M vs $1.4M; Adj. EBITDA $164.7M vs $17.5M.
Mr. Martin resigned from the Board
Mr. Brust was appointed as a member of the Board
On January 2, 2025, the Company notified Andrew Burch, President, Nucleic Acid Production, that it was eliminating his position in order to flatten the organizational structure of its leadership team. As a result, Mr. Burch’s last day of employment with the Company will be January 16, 2025.
appointed William "Trey" Martin, III to the Board effective as of July 31, 2024, to fill the vacancy on the Board created by Anat Ashkenazi’s previously-reported resignation.
On June 10, 2024, Anat Ashkenazi, a director of Maravai LifeSciences Holdings, Inc. (the “Company”), informed the Board of Directors of the Company (the “Board”) that she plans to resign from the Board effective as of July 31, 2024, in consideration of the time commitments associated with her pending appointment as Chief Financial Officer of Alphabet Inc.
On July 27, 2023, William “Trey” Martin, III assumed the role of Chief Executive Officer (“CEO”) of Maravai LifeSciences Holdings, Inc.
Concurrently with the appointment of Mr. Martin as CEO, Carl W. Hull ceased to serve as interim CEO of the Company.
On July 20, 2023, the Board appointed John DeFord, Ph.D. to the Board, effective as of such date (the “Appointment Date”), to fill the vacancy on the Board created by Mr. Hance’s resignation.
On July 19, 2023, Robert B. Hance, a director of Maravai LifeSciences Holdings, Inc. (the “Company”), informed the Board of Directors of the Company (the “Board”) of his resignation from the Board, to be effective as of such date.
Andrew Burch, previously an executive at Thermo Fisher Scientific, has joined the Company and will assume the role of Executive Vice President and General Manager of the Company’s Nucleic Acid Products Operating Division following Mr. Neel’s departure on March 31st.
Brian Neel, Chief Operating Officer, Nucleic Acid Production, of Maravai LifeSciences Holdings, Inc. (the “Company”) notified the Company of his decision to resign to pursue other interests effective March 31, 2023.
its expectation that Martin will assume the role of Chief Executive Officer of the Company effective July 27, 2023
Max materiality 0.90 · Median 0.65 · Most common event earnings