failed company in a promising field
$Invitae(NVTA.US$ what a mismanaged company. using layoffs to gain price? CEO and the board should step down seriously.
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Rigid Bull : I agree, the share price was crushed significantly by higher interest rates and if interest rates remained low the company would not have had any problems with injecting capital.
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the company was geared up for a low interest environment and senior management did not plan for a higher interest rate invironment.
Most of the issue was from previous CEO who wanted to pump out tests no matter what and get to scalability which would of worked if interest rates didn't rise so much.
I am sure Invitae will turn things around and re capture market share.
investing in the company is only for either the high risk high reward investors or people who are insane. I'm the latter
w8888988OP : ops. seems like they just lost an entire NIPT race. too bad.