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Latest News and Analysis on Invitae Corporation
Invitae is doing Efforts for reducing Costs and Expenses
Invitae (NYSE: NVTA) announced its 2023 Q1 financial results on May 9, 2023. According to the announcement, total revenue was down 5.1% (YoY, 3 months). Operating loss was 175,371 thousands USD (3 months). In this regard, the operating loss in 2022 Q1 was 213,233 thousands USD. Thus, the amount of the operating loss in 2023Continue reading “Invitae is doing Efforts for reducing Costs and Expenses “
Invitae recorded Positive Free Cash Flow in 2022 Q4
Invitae (NYSE: NVTA) announced its 2022 Q4 financial results on February 28, 2023. According to the announcement, total revenue was down 2.9% (3 months, YoY). In addition, Invitae recorded operating loss and net loss of -94,895 thousand USD and -99,817 thousand USD, respectively (3 months). Please note that these losses in 2022 are significantly smallerContinue reading “Invitae recorded Positive Free Cash Flow in 2022 Q4”
Invitae recorded Stockholder’s Equity Ratio less than 8% in 2022 Q3
Invitae (NYSE: NVTA) announced 2022 Q3 financial results on November 8, 2022. According to the announcement, total revenue was up 16.7% (3 months, YoY). In addition, Invitae recorded operating loss and net loss of 289,951 thousand USD and 198,176 thousand USD, respectively (3 months). Moreover, gross margin was 12.4% (3 months). It was down 1088bpContinue reading “Invitae recorded Stockholder’s Equity Ratio less than 8% in 2022 Q3”
Cash Burn in 2022 Q2 was improved compared to 2022 Q1
Invitae (NYSE: NVTA) announced its 2022 Q2 financial results on August 9, 2022. According to the announcement, total revenue was up 17% (3 months, YoY). On the other hand, Invitae recorded asset impairment of 2,318 million USD. As a result, loss from operation and net loss were 2,520 million USD and 2,523 million USD, respectivelyContinue reading “Cash Burn in 2022 Q2 was improved compared to 2022 Q1”
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