Is Invitae Stock a Buy Now? [Yahoo! Finance]
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: Yahoo! Finance
Instead, the company burned through more and more cash, prompting it to launch a business realignment plan in 2022. The goal was (and is) to speed up the path to positive cash flow, and Invitae has made some progress. Despite efforts, Invitae shares have failed to take off and, instead, have lost more than 80% since the announcement of the new strategy. In fact, they've fallen to such a low level -- less than $1 -- that the New York Stock Exchange (NYSE) issued a warning notice of noncompliance with minimum share price listing requirements. That means the stock could be delisted if Invitae's shares don't rise to $1 within a certain period. So, Invitae's situation doesn't look particularly bright, but advancements toward its profitability goal could make the company a promising recovery story. Is Invitae a stock to buy now? Let's find out. A genetic testing expert First, a bit of background on this genetic testing expert . The company sells a wide variety of genetic tests that
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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