Invitae Corporation Provides Unaudited Earnings Guidance for the Fourth Quarter and Full Year of 2023
For the full year, the company expects revenue to be $487.0 million, approximately 6% lower than $516.3 million in fiscal year 2022. The decline was due to the exited businesses and geographies. After adjusting for revenue of approximately $62.1 million in the prior year period related to those discontinued businesses, fiscal year 2023 revenue increased approximately 7% on a pro forma basis.