Invitae (NYSE: NVTA) announced its 2021 Q4 financial results on February 22th, 2022. According to the announcement, total revenue was up 26% (YoY, 3 months). On the other hand, Invitae has recorded an operating loss and a net loss. The amount of net loss for 2021 Q4 was 205 million USD, which was decreased by 29 million USD from 234 million USD in 2020 Q4.
In 2021 Q4, Invitae spent 132 million USD on research and development and 62 million USD on selling and marketing. Thus, the large amounts of upfront investment appear to have caused the net loss of Invitae.
In addition, Invitae recorded negative free cash flow of 764 million USD (TTM). It was covered by issuing convertible senior notes of 1,116 million USD and publicly offering common stocks of 434 million USD.
- Watanabe & Brothers’ Investment is holding shares of Invitae Corporation.
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