Invitae’s Revenue Breakdown by Region (2016-2022)

You need Pro Plan to access KPI data.

Get 60% off on Pro

Discount ends in:

00
Days
00
Hours
00
Mins.
00
Seconds

.

About

This chart shows Invitae’s Revenue Breakdown by Region, across US, Canada and the Rest of the world, reported from Q1 2016 onwards.
Subscribe to Pro or Enterprise plans to unlock this feature.
More information

Subscribe to Pro or Enterprise plans to unlock this feature.

Contact the Analyst

Subscribe to Pro or Enterprise plans to unlock this feature.

Become a smarter investor today.

Access Business Quant for as low as $19/month

Become a smarter investor today.

Access KPIs & Segment Financials on US stocks

This chart shows Invitae’s Revenue Breakdown by Region, across US, Canada and the Rest of the world, reported from Q1 2016 onwards.

Invitae is modifying the field of genetics from a series of one-time, one-dimensional queries to a lifelong clinical dialogue with their genes using complex analyses and information management to improve medical decisions and optimize health interference. In 2020, they charged a high volume of approximately 6,59,000 units and generated revenue of $279.6 million reflecting an approximate 41% and 29% increase over 2019 billable volume and revenue, respectively.

Invitae’s Revenue Breakdown by Region

Region   Q3 2020   Q2  2021     Q3 2021 Revenue Contribution in Q3 2021
US $64.32           $102.50     $100.96             88%
Rest of the world $3.31             $13.81       $13.44 12%
Total Revenue $68.73           $116.31 $114.40 100%

The total revenue of Invitae rose from $68.73 million in Q3 2020 to $114.4 million in Q3 2021 indicating an increase of 66.4% on a year-on-year basis. Q2 2021 proved to be better in terms of total revenue generated as compared to Q3 2020, given a growth of $47.58 million in the former. A major portion of the total revenue (an average of almost 88%) is consistently contributed by the United States. The rest of the world had a combined contribution of 12% in Q3 2021.(All figures in millions except percentages)

The company marked substantial growth in the period between September 2020 and September 2021. For the months ending on September 30, 2021, and 2020, the company’s revenue was $334.3 million and $179.2 million, respectively, and it had recognized a net loss of $173.9 million and $367.8 million, respectively. On September 30, 2021, Invitae’s accumulated deficit was $1.5 billion. To meet the demands of scaling the business, the company increased its number of employees to approximately 2,900 on September 30, 2021, from approximately 1,500 on September 30, 2020.

Approximately 57% of the billable volumes generated in the first nine months of 2021 were billable to patients, biopharmaceutical partners, and other business-to-business customers which resulted in revenue generation of 66.44% on a year on year basis.

Impact of COVID-19 

The company’s billable volumes decreased significantly in the second half of March 2020 due to COVID-19 and related limitations, priorities across the healthcare system. The daily test volumes have somewhat recovered in March 2020, although the current pandemic continues to impact Invitae’s business operations and practices.

Invitae experienced limited disturbance during the third quarter of 2021. The company reviewed and adjusted its earnings, when necessary, for COVID-19 left a larger than expected impact on its revenue generation estimates and resulted in huge credit losses. In April 2020, Invitae received $3.8 million as a part of this initiative, and in January 2021, they received an additional $2.3 million.

About the company

Invitae Corporation is in the business of delivering genetic testing services that support a lifetime of patient care – from inherited disease diagnoses to family planning, proactive health screening, personalized diagnosis, treatment, and monitoring of cancer. It was founded in 2010 by Alex Furman.

Invitae applies proprietary design, robotics, process automation, and bioinformatics software solutions to achieve efficiencies in sample processing and complex variant interpretation, hence allowing medical interpretation at scale. The company generally recognizes revenue on an accrual basis, which is when a customer obtains control of the promised goods or services, typically a test report. Their primary revenue generation is from testing services and sales of distributed precision oncology products.

Did you like Invitae’s Revenue Breakdown by Region statistic?

Access thousands of more such key performance indicator data points, on thousands of US stocks, with Business Quant.

You can get started here.

Read more

Our Plans

Always know what you’ll pay. No hidden costs or surprises.

  • Annual
  • Monthly

Basic

$0
per month

Get to know us

  • Access basic data
  • No credit card required
Start for Free

60% discount until Sunday

Pro

$19
per month*

For serious investing

  • Granular KPI data
  • Stock research tools
  • Industry data & tools
Buy Now

Enterprise

$99
per month, onwards*

For tailored workflows

  • All of Pro plan
  • Custom built features
Contact Us

* Billed annually, local taxes extra. 

Basic

$0
per month

Get to know us

  • Access basic data
  • No credit card required
Start for Free

60% discount on Annual plan

Pro

$49
per month*

For serious investing

  • Granular KPI data
  • Stock research tools
  • Industry data & tools
Buy Now

Enterprise

$99
per month, onwards*

For tailored workflows

  • All of Pro plan
  • Custom built features
Contact Us

* Local taxes extra. 

BQ Star Yellow 60%

Get Pro for 60% off

  • Access all features immediately
  • Datasets updated every day
  • Export data in CSV and XLSX formats

Offer Ends In

Starting from $49 $19 / month

.