Invitae: Still Much To Prove [Seeking Alpha]
Invitae Corporation (NVTA)
Last invitae corporation earnings: 2/19 04:05 pm
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US:NYSE Investor Relations:
ir.invitae.com/investor-relations/default.aspx
Company Research
Source: Seeking Alpha
Summary 2019 revenue falls shy of estimates, original guidance. Profitability remains extremely elusive. Outstanding share count continues to soar. One of Monday's biggest winners was genetic testing company Invitae ( NVTA gave some details First, let's look at 2019 revenues, which are forecast to be approximately $216 million. While this is a more than 45% increase over the prior year, the preliminary number missed street estimates for about $220 million. Also, original guidance for the year Thus, it is hard to look at the 2020 forecast as being that rosy. This is because management is calling for $330 million in revenue compared to estimates for $327 million, so the 2019 miss is larger than the upside forecast. Also, when the company provided original guidance for 2019, it gave a number that was at least $20 million ahead of the street, so this year, it is providing a much smaller upside number. Now, there are two main problems I have with the company at present. The first is that I
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NVTA
News
- Invitae gets court approval for five-month bankruptcy sale [Reuters]Reuters
- Invitae gets court approval for five-month bankruptcy sale [Yahoo! Finance]Yahoo! Finance
- Genetic Testing Firm Invitae, Backed by SoftBank and Cathie Wood, Files for Chapter 11 [Yahoo! Finance]Yahoo! Finance
- Invitae files for Chapter 11 bankruptcy to address huge debt load [Seeking Alpha]Seeking Alpha
- Genetic test maker Invitae files for bankruptcy protection in US [Reuters]Reuters
NVTA
Earnings
- 11/8/23 - Miss
NVTA
Sec Filings
- 2/14/24 - Form 8-K
- 2/13/24 - Form SC
- 2/13/24 - Form SC
- NVTA's page on the SEC website