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0 -0.0085728693898135 -0.0085728693898135 -0.00554715078164394 0.00514372163388806 0.00655572365103374 0.0166414523449318 0.00655572365103374
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Invitae May Become The Amazon Of Genetics - And It's Happening Faster Than Expected [Seeking Alpha]

INVITAE CORP (NVTA)  More Company Research Source: Seeking Alpha
Last invitae corp earnings: 8/7 04:05 pm Check Earnings Report
PDF Invitae May Become The Amazon Of Genetics - And It's Happening Faster Than ExpectedSummaryInvitae beat earnings, revenue and guidance estimates.The company is set to hit over $500 million in revenue by the end of 2020 with 50% gross margins and a market cap today of $750M.The company is on track to cut cash burn from Q1:18 by 40-50% by year-end.The industry is going through “unqualifiedly the most unprecedented change in the history of our space”.Invitae CEO believes there is a network effect that will be put in place, where there will be no catching them with a TAM of 1B+ people. [Read more]

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