Invitae Corporation Income Statement 2022-2011 | NVTA

Brief overview of income trends at Invitae Corporation

The figures are compared over a five-year interval. Revenue at Invitae Corporation moved from $68.2 million in 2017 to $122 million in 2022. The cumulative result was +79.5%, corresponding to roughly 12.4% per year. The pace indicates confident and sustained business growth.

The five-year change in gross profit reached +63.8%: from $18.1 million to $29.6 million. Cost of revenue developed less favorably than sales and pressured gross profitability. The gross margin was 26.5% at the start and 24.2% at the end. The business retained less gross profit from each unit of revenue.

EBITDA was −112 million dollars at the beginning and 47.2 million dollars at the end of the period (+142.1%). Additional revenue translated efficiently into EBITDA. EBITDA margin was −164.3% at the start and 38.5% at the end. The company improved its ability to convert sales into EBITDA.

Across the five years, the net result shifted from −$123 million to −$99.8 million. Losses became smaller, but the business remains unprofitable.

Conclusion

The five-year picture requires weighing both strengths and weaknesses. Key strengths include a stronger final result, revenue expansion and higher operating efficiency. The main areas of concern are weaker gross profitability. The key question is whether sales can be converted into sustainable profit.