Were Invitae's Quarterly Results Really That Bad? [The Motley Fool]
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
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Source: The Motley Fool
Were Invitae's Quarterly Results Really That Bad? Using genomics to identify genetic risks and inform treatment decisions is revolutionizing Invitae ( NYSE:NVTA first-quarter financial results Not good enough? In Q, Invitae's screening volume reached 9,000 samples, up from 87,000 in the fourth quarter and ,000 in the first quarter of 08. IMAGE SOURCE: GETTY IMAGES. Despite the quarter-over-quarter uptick in accessioned volume, revenue of $0. million was below the $. million reported in Q and it was $. million lower than Wall Street was anticipating. Nevertheless, revenue still increased .% year over year, a much faster growth rate than peers Genomic Health NASDAQ:GHDX Myriad Genetics NASDAQ:MYGN Invitae's revenue disappointment was mostly due to changing customer mix. It pocketed 0% less from Medicare beginning Jan. because of reductions under the Protecting Access to Medicare Act of 0, or PAMA, which dictates that payment for tests equals the weighted median of private payer rates,
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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