Invitae Corporation (NYSE:NVTA) rose Monday. Invitae, last week, reported better-than-expected second-quarter sales and raised its FY21 sales guidance.
In the second quarter, Invitae generated revenue of $116.3 million in the quarter, a 152% increase compared to $46.2 million in the same period in 2020
It also reported billable volume of 287,000 in the quarter, a 154% increase compared to 113,000 in the same period in 2020
Preliminary average cost per billable unit of $317 in the quarter compared to $380 average cost per billable unit in the same period in 2020. Non-GAAP average cost per unit was $261 in the quarter
Achieved preliminary gross profit for the second quarter of 2021 of $25.2 million, compared to $3.2 million in the same period in 2020. Non-GAAP gross profit was $41.2 million in the second quarter
Preliminary total operating expense, which excludes cost of revenue, for the second quarter of 2021 was $159.3 million compared to $145.3 million in the same period in 2020. Non-GAAP operating expenses, which excludes cost of revenue, for the quarter was $198.2 million .
Preliminary net loss for the second quarter of 2021 was $129.0 million , or a $0.64 net loss per share, compared to a net loss of $166.4 million , or a $1.29 net loss per share, in the second quarter of 2020. Non-GAAP net loss for the quarter was $170.8 million, or a $0.85 non-GAAP net loss per share.
NVTA shares gained 97 cents, or 3.3%, to start Monday at $30.63
