Invitae Corp (NVTA) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-05-18	Dec-31-17	Dec-31-16
	8-K	10-K	10-K	10-K	10-K	8-K	10-K	10-K
Revenues:
United States		404.0	255.7	202.6	138.2		62.4
Rest of world		48.9	19.4	9.9	5.3		2.5
Other		7.6	4.5	4.4	4.2		3.2
Total revenues [+]	516.3	460.4	279.6	216.8	147.7	66.6	68.2	25.0
Royalties						63.5
Revenue growth [+]	12.1%	64.7%	29.0%	46.8%	116.5%		172.4%	199.0%
United States		58.0%	26.2%	46.5%	121.4%
Rest of world		152.1%	95.5%	88.8%	106.1%
Canada		66.8%	4.0%	3.6%	30.4%
Cost of goods sold	417.3	348.7	198.3	118.1	80.1	80.1	50.1	27.9
Gross profit	99.0	111.8	81.3	98.7	67.6	-13.5	18.1	-2.8
Gross margin	19.2%	24.3%	29.1%	45.5%	45.8%	-20.2%	26.5%	-11.3%
Selling, general and administrative [+]	411.2	474.0	438.3	201.2	126.7	126.7	92.9	52.7
Sales and marketing	218.9	225.9	168.3	122.2	74.4	74.4	53.4	28.6
General and administrative	192.3	248.1	270.0	79.0	52.2	52.2	39.5	24.1
Research and development	402.1	416.1	240.6	141.5	63.5		46.5	44.6
Other operating expenses	2,218.3	-361.4	54.5	0.1		-17.6
EBITDA [+]	-2,790.5	-336.4	-613.1	-227.9	-109.0	-109.0	-112.1	-93.6
EBITDA growth	729.6%	-45.1%	169.0%	109.1%	-2.7%		19.7%	11.3%
EBITDA margin	-540.5%	-73.1%	-219.3%	-105.1%	-73.8%	-163.6%	-164.3%	-373.8%
Depreciation	142.1	21.7	12.5	8.5	8.5	13.5	7.4	6.6
EBITA	-2,932.6	-358.0	-625.6	-236.4	-117.6	-122.6	-119.5	-100.2
EBITA margin	-568.0%	-77.8%	-223.7%	-109.0%	-79.6%	-183.9%	-175.1%	-400.0%
Amortization of intangibles		58.8	26.6	7.7	5.0		1.8
EBIT [+]	-2,932.6	-416.8	-652.2	-244.1	-122.6	-122.6	-121.3	-100.2
EBIT growth	603.5%	-36.1%	167.2%	99.2%	1.1%		21.1%	12.0%
EBIT margin	-568.0%	-90.5%	-233.3%	-112.6%	-83.0%	-183.9%	-177.8%	-400.0%
Non-recurring items [+]	185.8	-25.2
Loss (gain) on sale of assets	47.4
Unusual expense	-1.9	-25.2
Interest expense, net [+]	56.7	43.0	25.8	12.4	7.0		3.7	0.4
Interest expense	56.7	49.9	29.8	12.4	7.0		3.7	0.4
Interest income		6.9	4.0
Other income (expense), net [+]	24.0	18.8	-36.3	-3.9	-2.6	-9.6	-0.3	0.3
Change in value of contingent liability		-386.6	54.5	0.1
Other	8.1	25.7	-32.3	-3.9	-2.6		-0.3	0.3
Pre-tax income	-3,151.2	-415.9	-714.3	-260.4	-132.2	-132.2	-125.2	-100.3
Income taxes	0.0	-36.9	-112.1	-18.5	-2.8	-2.8	-1.9	0.0
Tax rate	0.0%	8.9%	15.7%	7.1%	2.1%	2.1%	1.5%	0.0%
Net income	0.0	-379.0	-602.2	-242.0	-129.4	-129.4	-123.4	-100.3
Net margin	0.0%	-82.3%	-215.4%	-111.6%	-87.6%	-194.1%	-180.9%	-400.3%

Basic EPS [+]	$0.00	($1.80)	($4.47)	($2.66)	($1.94)	($1.94)	($2.65)	($3.02)
Growth	-100.0%	-59.8%	68.0%	37.4%	-26.9%		-12.2%	-5.0%
Diluted EPS [+]	$0.00	($1.80)	($4.47)	($2.66)	($1.94)	($1.94)	($2.65)	($3.02)
Growth	-100.0%	-59.8%	68.0%	37.4%	-26.9%		-12.2%	-5.0%

Shares outstanding (basic) [+]	235.7	210.9	134.6	90.9	66.7	66.7	46.5	33.2
Growth	11.7%	56.7%	48.1%	36.1%	43.5%		40.2%	17.6%
Shares outstanding (diluted) [+]	235.7	210.9	134.6	90.9	66.7	66.7	46.5	33.2
Growth	11.7%	56.7%	48.1%	36.1%	43.5%		40.2%	17.6%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.