Invitae Corporation (NVTA)
Market Cap | 178.74M |
Revenue (ttm) | 493.88M |
Net Income (ttm) | -799.67M |
Shares Out | 270.45M |
EPS (ttm) | -3.09 |
PE Ratio | n/a |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 11,514,073 |
Open | 0.662 |
Previous Close | 0.670 |
Day's Range | 0.632 - 0.685 |
52-Week Range | 0.632 - 3.775 |
Beta | 1.70 |
Analysts | Sell |
Price Target | 1.50 (+126.96%) |
Earnings Date | Nov 7, 2023 |
About NVTA
Invitae Corporation, a medical genetics company, that provides genetic information to improve healthcare of people in the United States, Canada, and internationally. The company offers genetic tests in various clinical areas, including hereditary cancer, precision oncology, women's health, rare diseases, and pharmacogenomics; digital health solutions; and health data services. It serves patients, healthcare providers, biopharma companies, and other partners. The company was formerly known as Locus Development, Inc. and changed its name to Invit... [Read more]
Financial Performance
In 2022, Invitae's revenue was $516.30 million, an increase of 12.13% compared to the previous year's $460.45 million. Losses were -$3.11 billion, 719.6% more than in 2021.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for NVTA stock is "Sell." The 12-month stock price forecast is $1.5, which is an increase of 126.96% from the latest price.
News

Invitae Announces Appointment of Finance Veteran Ana Schrank as CFO
SAN FRANCISCO , Sept. 25, 2023 /PRNewswire/ -- Invitae (NYSE: NVTA), a leading medical genetics company, today announced the appointment of finance veteran Ana Schrank as the Company's chief financi...

Invitae Receives Notice of Non-Compliance with NYSE Minimum Share Price Continued Listing Standard
SAN FRANCISCO , Sept. 22, 2023 /PRNewswire/ -- Invitae (NYSE: NVTA), a leading medical genetics company, today announced that it received a notice from the New York Stock Exchange (the "NYSE") on Se...

Invitae Hires Industry Veteran Robert Guigley as Chief Commercial Officer
– Invitae adds chief commercial officer to leadership team; Innovative leader to help expand market share and drive revenue growth – SAN FRANCISCO , Aug. 28, 2023 /PRNewswire/ -- Invitae (NYSE: NVT...

Clinical Trial Results Support Genetic Testing of All Patients with Prostate Cancer
– Research published in European Urology Oncology shows restrictive genetic testing criteria miss a significant number of prostate cancer patients with potentially actionable inherited variants – – Of...

Invitae Announces Selection of Finance Executive Robert Dickey as Interim CFO
– Christine Gorjanc resumes role as Chair of the Audit Committee of the Board of Directors for Invitae – SAN FRANCISCO , Aug. 14, 2023 /PRNewswire/ -- Invitae (NYSE: NVTA), a leading medical genetics ...

Invitae Reports Second Quarter 2023 Financial Results
– Reported revenue of $120.5 million, a 12% year-over-year decrease due to exited businesses and geographies; pro forma revenue up slightly year-over-year – – GAAP gross margin was 27.4% and non-GAAP...

Invitae to Announce Second Quarter 2023 Financial Results on Tuesday, August 8, 2023
SAN FRANCISCO , July 26, 2023 /PRNewswire/ -- Invitae (NYSE: NVTA), a leading medical genetics company, today announced that it will report its second quarter 2023 financial results on Tuesday, Augus...

Invitae to Present at the William Blair 43rd Annual Growth Stock Conference
SAN FRANCISCO , May 31, 2023 /PRNewswire/ -- Invitae (NYSE: NVTA), a leading medical genetics company, today announced that Ken Knight, president and chief executive officer, will present at the Willi...

New Research Insights to be Presented by Invitae at the 2023 ASCO Annual Meeting Reinforce the Critical Role of Germline Genetic Testing in Oncology
– Study findings confirm the importance of improving education among clinicians and streamlining processes to increase adoption of testing in routine cancer care – SAN FRANCISCO , May 26, 2023 /PRNews...

Invitae Announces CFO Transition and Selection of Veteran Finance Executive Christine Gorjanc as Interim CFO
SAN FRANCISCO , May 25, 2023 /PRNewswire/ -- Invitae (NYSE: NVTA), a leading medical genetics company, today announced that Chief Financial Officer (CFO) Yafei (Roxi) Wen is resigning to pursue other ...

Invitae to Appeal Trial Verdict
SAN FRANCISCO , May 15, 2023 /PRNewswire/ -- Invitae (NYSE: NVTA), a leading medical genetics company, today announced that it intends to appeal the verdict delivered by a jury at the United States D...

Invitae Reports First Quarter 2023 Financial Results
– Reported revenue of $117.4 million, a 5% year-over-year decrease due to exited businesses and geographies; pro forma year-over-year revenue growth was ~10% – – Continued improvement in gross margin...

Invitae to Announce First Quarter 2023 Financial Results on Tuesday, May 9, 2023
SAN FRANCISCO , April 26, 2023 /PRNewswire/ -- Invitae (NYSE: NVTA), a leading medical genetics company, today announced that it will report its first quarter 2023 financial results on Tuesday, May 9,...

Invitae Publishes Annual Environmental, Social and Governance (ESG) Report
Invitae (NYSE: NVTA), a leading medical genetics company, today published its 2023 Environmental, Social and Governance (ESG) Report. This report provides a holistic view of the company's approach to ...

Invitae and Deerfield Management Partner to Create Novel Therapeutics for Rare Diseases
– The partnership will harness genetic and clinical data from millions of patients tested at Invitae and Deerfield's expertise in drug discovery to address high unmet needs among rare disease patients...

Invitae Announces Partnership with Epic to Streamline Genetic Testing
– Collaboration will simplify providers' and patients' access to discrete test results that can inform more precise, personalized medicine – SAN FRANCISCO , March 21, 2023 /PRNewswire/ -- Invitae (N...

Invitae Appoints Dr. W. Michael Korn as Chief Medical Officer for Oncology
– Expert in the field of gastrointestinal cancer and precision oncology to lead Invitae's medical oncology team with a particular focus on somatic testing development – – Invitae reports inducement g...

Invitae to Present Data at The American Clinical Genetics Meeting 2023 That Supports Removing Barriers to Genetic Testing
– New research looking at underrepresented racial, ethnic and ancestry groups underscores the importance of universal germline genetic testing – SAN FRANCISCO , March 15, 2023 /PRNewswire/ -- Invitae ...

Invitae's PCM Assay for Minimal Residual Disease Receives its First Commercial Coverage
– Blue Shield of California has over 3 million covered members in CA – SAN FRANCISCO , March 6, 2023 /PRNewswire/ -- Invitae (NYSE: NVTA), a leading medical genetics company, today announced that its ...

Invitae to Present at the TD Cowen 43rd Annual Health Care Conference
SAN FRANCISCO , March 1, 2023 /PRNewswire/ -- Invitae (NYSE: NVTA), a leading medical genetics company, today announced that Ken Knight, president and chief executive officer, will participate in a fi...

Invitae Announces Convertible Notes and Share Exchange and New Convertible Notes Issuance
– In a transaction led by Deerfield Management, the Company effectively addresses ~96% of its 2024 convertible debt obligations – – Participating holders to exchange 90% of their existing 2024 notes f...

Invitae Reports Fourth Quarter and Full Year 2022 Financial Results; Provides Company Updates
– Entered into a ~$336 million transaction for the 2024 convertible notes, effectively addressing ~96% of the amount outstanding (see separate press release to follow) – – Repaid its 2024 senior secu...

Invitae to Announce Fourth Quarter and Full Year 2022 Financial Results on Tuesday, February 28, 2023
SAN FRANCISCO , Feb. 14, 2023 /PRNewswire/ -- Invitae (NYSE: NVTA), a leading medical genetics company, today announced that it will report its fourth quarter and full year 2022 financial results on T...

Invitae Appoints William H. Osborne to its Board of Directors
– Brings invaluable expertise in leading, operating and scaling global businesses throughout his career in aerospace, transportation and integrated solutions – SAN FRANCISCO , Jan. 30, 2023 /PRNewswir...

Invitae Reports Preliminary 2022 Financial Results
— Approximately 12% growth year-over-year in revenues —— Greater than $555 million in cash, cash equivalents, marketable securities, and restricted cash —— Cash burn continued its declining trend over...