Invitae Corporation announced 2021 Q1 Earning Results on May 4th

Invitae Corporation (NYSE: NVTA) announced 2021 Q1 earning results on May 4th, 2021.  According to the announcement, total revenue was up 61.2% (3 months, YoY).  On the other hand, operating loss and net loss was USD 112.4 million and USD 116.3 million, respectively. The operating loss and net loss were increased on year-over-year basis.  These increase was at least partially affected by the M&A. The acquisition-associated operating expense in 2021 Q1 was recorded USD 46.5 million.

As of May 4th, PSR of Invitae was calculated 15.0 based on total revenues in 2021 Q1. In addition, PBR was calculated 2.6. With the correction in the latest stock price, Invitae’s stock price became more reasonable.  However, we believe that it is necessary to reduce the amount of net loss so as the stock price to grow further. In the current circumstances, the stock price might slug on short term basis. 

Important Notice 

  1. Watanabe & Brothers’ Investment is holding shares of Invitae Corporation. 
  2. This report is provided solely for informational purpose and not intended for the purpose of soliciting investment in, or as a recommendation to purchase or sell any specific products. 
  3. Any opinions or statements expressed in this report are based on the author’s personal and subjective views, and are not the official views of the organization to which the author belongs.  In addition, although we have done our best efforts in making accurate assessments on the original financial statements, we cannot guarantee any complete accuracy of this report. We do not guarantee either that any future forecasts referred to in this report will certainly be realized. Investment in listed stocks, ETFs, etc. should be carried out under the responsibility of each investor, and even if the investor who read this report suffers a loss due to investment activities, Watanabe & Brothers’  Investment is not responsible for any liability.
  4. This report was originally prepared in English, and translated into the other languages with plugin utilizing Google Translation API. We hereby notify that the translations are provided only for the sake of reference, and any opinions or statements in this report should be interpreted in original English. We ask any investors reading this report to refer to the original financial statements issued by the company.
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