— Invitae (NYSE: NVTA) reported non-GAAP loss of $0.63 per share in the fourth quarter of 2019 vs. loss of $0.65 per share expected.
— Revenue was $66.3 million vs. $68.14 million expected.
— GAAP net loss was $76.9 million, or a $0.79 per share, compared to a net loss of $29.8 million in the fourth quarter of 2018, or a $0.40 net loss per share.
— For fiscal 2020, the company expects revenue to be more than $330 million.
— Cash burn, including various financing and acquisition-related expenses, was $278.3 million in 2019, including $75.5 million in the fourth quarter.
The IPO market witnessed a boom in 2020, despite the pandemic weakening the macro environment. Many tech companies have witnessed a blockbuster listing this year and few more tech firms
Micron Technology Inc. (NASDAQ: MU) reported strong earnings and revenue growth for the fourth quarter of 2020, benefitting from the pandemic-driven digital transformation spree. However, the company's stock dropped during
Mobile game company Zynga Inc. (NASDAQ: ZNGA) has seen its stock gain 49% since the beginning of this year. The company registered strong results in the first half of 2020