Invitae beat earnings, revenue and guidance estimates.
The company is set to hit over $500 million in revenue by the end of 2020 with 50% gross margins and a market cap today of $750M.
The company is on track to cut cash burn from Q1:18 by 40-50% by year-end.
The industry is going through “unqualifiedly the most unprecedented change in the history of our space”.
Invitae CEO believes there is a network effect that will be put in place, where there will be no catching them with a TAM of 1B+ people.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.