Why Invitae Corporation Is Tanking Today [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
Shares cool off after an amazing year-to-date run, even though the genetic testing specialist reported upbeat third-quarter results. What happened Shares of Invitae ( NYSE:NVTA ) , a company focused on genetic testing, fell 12% as 3 p.m. EST on Thursday. The decline can be traced to the release of third-quarter results. So what Here's an overview of the headline numbers from the period: Revenue jumped 106% to $37.4 million. That figure was ahead of what Wall Street was expecting. Net loss was $31.7 million, or $0.45 per share. This was better than the $0.47 loss that market-watchers were expecting. Cash burn was $18.4 million. Cash balance at quarter-end was $134.6 million thanks to a recently completed equity offering. The strong results enabled Invitae to raise guidance for the full year: Volume is expected to exceed 285,000 samples during the year. That's a 10,000 bump from its prior outlook. Revenue guidance was raised by $5 million
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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