NVTA Stock - Invitae Corporation
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Financial Statements
| Metric | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|
| Revenue | $516.30M | $460.45M | $279.60M | $216.82M | $147.70M |
| Gross Profit | $99.05M | $111.78M | $81.32M | $98.72M | $67.59M |
| Gross Margin | 19.2% | 24.3% | 29.1% | 45.5% | 45.8% |
| Operating Income | $-714,236,000 | $-778,287,000 | $-652,172,000 | $-244,112,000 | $-122,557,000 |
| Net Income | $-3,106,293,000 | $-379,006,000 | $-608,870,000 | $-241,965,000 | $-129,355,000 |
| Net Margin | -601.6% | -82.3% | -217.8% | -111.6% | -87.6% |
| EPS | $-13.18 | $-1.80 | $-4.52 | $-2.66 | $-1.94 |
Invitae Corporation, a medical genetics company, integrates genetic information into mainstream medicine to improve healthcare of people in the United States, Canada, and internationally. The company offers genetic tests in various clinical areas, including hereditary cancer, cardiology, neurology, pediatrics, oncology, metabolic conditions, and rare diseases; 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 Invitae Corporation in 2012. Invitae Corporation was incorporated in 2010 and is headquartered in San Francisco, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| July 5th 2023 | JP Morgan | Resumed | Underweight | - |
| May 15th 2023 | Raymond James | Downgrade | Underperform | - |
| January 31st 2023 | Goldman | Downgrade | Sell | $2 |
| August 25th 2022 | Credit Suisse | Initiation | Underperform | $1 |
| August 10th 2022 | JP Morgan | Downgrade | Underweight | - |
| July 26th 2022 | Cowen | Downgrade | Market Perform | $2.5← $8 |
| July 21st 2022 | Raymond James | Downgrade | Market Perform | - |
| July 20th 2022 | Ladenburg Thalmann | Downgrade | Neutral | - |
| July 19th 2022 | The Benchmark Company | Downgrade | Hold | - |
| July 19th 2022 | SVB Leerink | Downgrade | Market Perform | - |
| June 3rd 2022 | Piper Sandler | Initiation | Underweight | $2.5 |
Earnings History & Surprises
NVTAEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q4 2024 | Nov 6, 2024 | — | — | — | — |
Q3 2024 | Aug 6, 2024 | — | — | — | — |
Q2 2024 | May 7, 2024 | — | — | — | — |
Q1 2024 | Feb 27, 2024 | $-0.30 | $-0.34 | -13.3% | ✗ MISS |
Q4 2023 | Nov 8, 2023 | $-0.30 | $-0.10 | +66.7% | ✓ BEAT |
Q3 2023 | Aug 8, 2023 | $-0.37 | $-0.30 | +18.9% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $-0.41 | $-0.37 | +9.8% | ✓ BEAT |
Q1 2023 | Feb 28, 2023 | $-0.55 | $-0.34 | +38.2% | ✓ BEAT |
Q4 2022 | Nov 8, 2022 | $-0.59 | $-0.42 | +28.8% | ✓ BEAT |
Q3 2022 | Aug 9, 2022 | $-0.74 | $-0.68 | +8.1% | ✓ BEAT |
Q2 2022 | May 3, 2022 | $-0.77 | $-0.78 | -1.3% | ✗ MISS |
Q1 2022 | Feb 24, 2022 | $-0.74 | $-0.81 | -9.5% | ✗ MISS |
Q4 2021 | Nov 8, 2021 | $-0.69 | $-0.81 | -17.4% | ✗ MISS |
Q3 2021 | Aug 3, 2021 | $-0.65 | $-0.85 | -30.8% | ✗ MISS |
Q2 2021 | May 4, 2021 | $-0.60 | $-0.63 | -5.0% | ✗ MISS |
Q1 2021 | Feb 17, 2021 | $-0.58 | $-0.63 | -8.6% | ✗ MISS |
Q4 2020 | Nov 5, 2020 | $-0.60 | $-0.62 | -3.3% | ✗ MISS |
Q3 2020 | Aug 4, 2020 | $-0.62 | $-0.77 | -24.2% | ✗ MISS |
Q2 2020 | May 5, 2020 | $-0.84 | $-0.80 | +4.8% | ✓ BEAT |
Q1 2020 | Feb 19, 2020 | $-0.60 | $-0.63 | -5.0% | ✗ MISS |
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