Categories Earnings, Health Care

Invitae (NVTA) Q4 2019 Earnings Snapshot

— 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.

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