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.
- Watanabe & Brothers’ Investment is holding shares of Invitae Corporation.
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