Invitae: $460.4M Annual Revenue Driven by 1.17M Billable Volume in 2021

  Annual revenue grew by 65 percent and annual billable volume by 77 percent year over year --

-- Full-year 2022 revenue growth guidance of 40 percent to approximately $640 million --

-- Guiding to expansion of gross margin throughout 2022 and decreasing cash burn charting path to positive cash flows --

-- Conference call and webcast today at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time --

Guidance
The company has issued 2022 annual revenue guidance of year-over-year revenue growth of 40 percent, or approximately $640 million. New guidance categories for 2022 include gross margin and cash burn measures. Gross margin for 2022 is expected to be between 42-45 percent with cash burn, including cash used for acquisition-related activities, expected to be in the range of $600-$650 million in 2022, a more than $200 million year-over-year reduction.

Webcast and Conference Call Details
Management will host a conference call and webcast today at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time to discuss financial results and recent developments. To access the conference call, please register at the link below:

https://conferencingportals.com/event/DqFqYhVe

Upon registering, each participant will be provided with call details and a conference ID.

https://finance.yahoo.com/news/invitae-reports-460-4-million-210500124.html