review: in 'fragile things,' a web of lies unravels amid s
Set amid the wreckage of San Francisco, as well as a fictional mining town near San Mateo called “San Rafaela” and Tucson, the novel explores the ways that private suffering can intersect with collective grief in the wake of a natural disaster, an emotional territory that feels eerily familiar at a time when a pandemic has killed more than 2 million people worldwide
In a scene in which Sophie stands on the deck of a ferry taking her to Oakland after the earthquake, Meissner writes, “I turn to face the city as we steam away from it. I see the vast open fields of ash beyond the stubborn brick and stone skeletons. There was life in all those empty spaces, and now there isn’t. What was there is gone. Erased. Something else can take its place, though. Something else will.” One must hope
invitae reports $279.6 million in annual revenue driven by
SAN FRANCISCO, Feb. 17, 2021 /PRNewswire/ -- Invitae Corporation (NYSE: NVTA), a leading medical genetics company, today announced financial and operating results for the fourth quarter and full year ended December 31, 2020
"Our results in 2020 demonstrate our ability to deliver sustained growth through commercial execution, a diversified global organization and continuous strategic additions to our menu, services and platform," said Sean George, co-founder and chief executive officer of Invitae. "Even amid the challenges of the pandemic, the durability of our relationships and the value of the information we provide to clinicians and patients was clear. As we enter 2021, we are committed to maintaining the pace we've set, making it ever-easier to integrate genetic information into healthcare decision-making by clinicians and patients at all stages of life."
Total operating expense, excluding cost of revenue, for the full year 2020 was $733.5 million. Operating expense for the fourth quarter of 2020 was $363.7 million. Non-GAAP operating expense was $456.1 million for the full year 2020 and $145.9 million in the fourth quarter.
For the full year 2020, net loss was $608.9 million, or a $4.52 net loss per share. For the fourth quarter of 2020, Invitae reported a net loss of $241.0 million, or a $1.34 net loss per share. Non-GAAP net loss was $373.9 million, or a $2.78 non-GAAP net loss per share in 2020. For the fourth quarter of 2020, Invitae reported a non-GAAP net loss of $113.1 million, or a $0.63 non-GAAP net loss per share
At December 31, 2020, cash, cash equivalents, restricted cash and marketable securities totaled $360.7 million. Net decrease in cash, cash equivalents and restricted cash was $26.1 million in 2020 and a net increase of $18.4 million for the fourth quarter. Cash burn was $441.1 million in the fourth quarter of 2020, which includes $352.7 million for cash paid for acquisitions, primarily of ArcherDX, and $13.6 million for cash paid for acquisition related expenses. Cash burn for the quarter would have been approximately $74.8 million, which includes $29.1 million of burn by ArcherDX in the fourth quarter, without the acquisition and acquisition-related costs
Subsequent to the close of the fourth quarter on January 26, 2021, the company announced the sale of approximately 8.9 million shares of its common stock at a price of $51.50 per share, resulting in net proceeds, after underwriting discounts and commissions and offering expenses, of more than $434 million
Looking ahead to 2021 and factoring in the continued impact associated with the COVID-19 pandemic, Invitae reiterates its stated outlook for revenue growth targets of 50% - 60% annual growth over the next few years consistent with its view at the time of the announcement of the ArcherDX acquisition. Invitae anticipates generating revenue in excess of $450 million in 2021
Webcast and Conference Call Details Management will host a conference call and webcast today at 4:30 p.m. Eastern / 1:30 p.m. Pacific to discuss financial results and recent developments. To register for the conference call and webcast, please use one of the methods below. Upon registering, each participant will be provided with call details and a registrant ID. Reminders will also be sent to registered participants via email
The live webcast of the call and slide deck may be accessed by visiting the investors section of the company's website at ir.invitae.com. A replay of the webcast and conference call will be available shortly after the conclusion of the call and will be archived on the company's website
About InvitaeInvitae Corporation (NYSE: NVTA) is a leading medical genetics company whose mission is to bring comprehensive genetic information into mainstream medicine to improve healthcare for billions of people. Invitae's goal is to aggregate the world's genetic tests into a single service with higher quality, faster turnaround time, and lower prices. For more information, visit the company's website at invitae.com
Safe Harbor StatementThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the company's belief regarding the value and leverage of its global, diversified business; the company's future results, including anticipated 2021 revenue and expected future annual revenue growth targets; the company's beliefs regarding its ability to deliver sustained growth and the drivers of its growth; the benefits and value of customer relationships and the information the company provides; the company's beliefs regarding its ability to execute its business strategy; and the benefits and importance of the company's recent studies, research and collaborations. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, and reported results should not be considered as an indication of future performance. These risks and uncertainties include, but are not limited to: the impact of COVID-19 on the company, and the effectiveness of the efforts it has taken or may take in the future in response thereto; the company's ability to continue to grow its business, including internationally; the loss of important customer relationships; the company's ability to compete; the company's failure to manage growth effectively; the company's need to scale its infrastructure in advance of demand for its tests and to increase demand for its tests; the risk that the company may not obtain or maintain sufficient levels of reimbursement for its tests; the company's failure to successfully integrate or fully realize the anticipated benefits of acquired businesses; risks associated with litigation; the company's ability to use rapidly changing genetic data to interpret test results accurately and consistently; the applicability of clinical research results to actual outcomes; the success of collaborations; security breaches, loss of data and other disruptions; laws and regulations applicable to the company's business; and the other risks set forth in the company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2020. These forward-looking statements speak only as of the date hereof, and Invitae Corporation disclaims any obligation to update these forward-looking statements
Non-GAAP Financial MeasuresTo supplement Invitae's consolidated financial statements prepared in accordance with generally accepted accounting principles in the United States (GAAP), the company is providing several non-GAAP measures, including non-GAAP gross profit, non-GAAP cost of revenue, non-GAAP operating expense, including non-GAAP research and development, non-GAAP selling and marketing, non-GAAP general and administrative and non-GAAP other income (expense), net, as well as non-GAAP net loss and non-GAAP net loss per share and non-GAAP cash burn. These non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies. Management believes these non-GAAP financial measures are useful to investors in evaluating the company's ongoing operating results and trends
Management is excluding from some or all of its non-GAAP operating results (1) amortization of acquired intangible assets, (2) acquisition-related stock-based compensation, (3) post-combination expense related to the acceleration of equity grants or bonus payments in connection with business combinations, (4) adjustments to the fair value of certain acquisition-related assets and liabilities and (5) acquisition-related income tax benefits. These non-GAAP financial measures are limited in value because they exclude certain items that may have a material impact on the company's reported financial results. Management accounts for this limitation by analyzing results on a GAAP basis as well as a non-GAAP basis and also by providing GAAP measures in the company's public disclosures
Cash burn excludes (1) changes in marketable securities, (2) cash received from equity financings (3) proceeds from issuance of debt and (4) cash received from exercises of warrants. Management believes cash burn is a liquidity measure that provides useful information to management and investors about the amount of cash consumed by the operations of the business. A limitation of using this non-GAAP measure is that cash burn does not represent the total change in cash, cash equivalents, and restricted cash for the period because it excludes cash provided by or used for other operating, investing or financing activities. Management accounts for this limitation by providing information about the company's operating, investing and financing activities in the statements of cash flows in the consolidated financial statements in the company's most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K and by presenting net cash provided by (used in) operating, investing and financing activities as well as the net increase or decrease in cash, cash equivalents and restricted cash in its reconciliation of cash burn
In addition, other companies, including companies in the same industry, may not use the same non-GAAP measures or may calculate these metrics in a different manner than management or may use other financial measures to evaluate their performance, all of which could reduce the usefulness of these non-GAAP measures as comparative measures. Because of these limitations, the company's non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the non-GAAP reconciliations provided in the tables below
mausoleums, columbariums, crypts for sale | videos | prices
Browse pictures of monuments, headstones, mausoleums and memorials in this PDF guide. Learn how Rome Monument designs and builds upscale cemetery monuments and elegant private family mausoleums using high quality granite, impeccable construction standards and old world craftsmanship. Get an understanding of the personalization, customization and ordering processes
A private mausoleum is an above-ground structure, usually built with granite, that is used for the permanent interment of the deceased. If you are considering buying a unique custom private family granite mausoleum, a personal mausoleum (built for a single individual) or a customized private above ground burial vault, view the galleries below or contact Rome Monument to discuss your design requirements. If you want to know how much a mausoleum costs or want to buy a private family mausoleum, call 724-770-0100 and ask for Vince Dioguardi. If you want to understand the difference between a crypt and a mausoleum, email [email protected] Beautiful, high quality free-standing mausoleums designed and built by Rome Monument are architectural statements to a family's legacy and heritage. Walk-in mausoleums sold in the United States provide shelter, privacy and comfort to family members that are visiting a grave site to pay their respects to family members that have passed on. The average design and construction time for a private family mausoleum ranges from 3-12 months. In most cases, Rome Monument, is both a mausoleum retailer and an installer. Our firm often builds the mausoleum foundation as well. In some mausoleum projects, the cemetery maintenance staff will construct the mausoleum foundation. Watch videos and browse photographs. Family mausoleums for sale are pictured above
Community mausoleums, which are different than private family mausoleums, hold the remains of multiple families. These are normally located in cemeteries or on church grounds. Community mausoleums and community columbariums can have dozens or hundreds of crypts (for traditional burials or cremation). Crypts are purchased individually by cemetery or church customers. Mausoleum niches are spaces in a community columbarium or a community mausoleum that hold cremation urns and other approved containers. People do not have to be cremated to be buried in a private mausoleum or community mausoleum. A niche in a community mausoleum or church columbarium can range in cost from a few hundred dollars to a few thousand dollars. Niches are usually accessed through a wall in the columbarium or mausoleum. The location of the deceased casketed remains or cremated remains (cremains) are normally identified and marked with a niche marker, nameplate or plaque, often manufactured using bronze.
Rome Monument has been designing, building, selling and installing memorial benches, civic monuments, statues, bronze memorial plaques, war memorials and veterans memorials since 1934. Our custom monument customers include individuals, families, businesses, cemeteries, memorial parks, churches, U.S. military veterans groups, law enforcement agencies, religious organizations, historical societies, municipalities, schools and community organizations. Click here to learn more about Rome Monument's community, civic and public memorial design and construction services, call 724-770-0100 or email [email protected]
Private granite mausoleums and family crypts are for sale by Rome Monument. Browse pictures, watch videos, download PDF catalogs, get prices, learn how to order and schedule construction and installation. Rome Monument builds and installs private family mausoleums in cemeteries and on private property throughout the continental (lower 48) United States. Types of mausoleums include 1 crypt, 2 crypt, family mausoleums, 2-niche columbariums, personal columbariums, single niche columbariums and walk-in mausoleums. If you are interested in buying a custom designed private mausoleum for yourself, you and your spouse, your parents, your children or other family members, please consider talking with Vince Dioguardi, the president of Rome Monument at 724-770-0100. Vince loves to talk about mausoleums and is very friendly, knowledgable and professional. During your phone conversation, he will be happy to explain how the process of ordering works, review how prices are determined, present your design customization options, touch on our mausoleum construction standards and clarify mausoleum setting and installation details. If you prefer email to a phone conversation, please feel free to email Vince at [email protected] or contact him by using our Contact Form
Browse pictures of 1 crypt mausoleums, 2 crypt mausoleums, private family mausoleums and stately walk-in mausoleums in this PDF guide. Learn how Rome Monument designs and builds elegant mausoleums using high quality granite, impeccable construction standards and old world craftsmanship. Get an understanding of the customization and ordering processes. Learn about high-grade granite, mausoleum foundations, base courses, architectural options and landscaping considerations. Rome Monument is one of the leaders in the cemetery monument and memorial industry
A mausoleum, crypt or columbarium is a free-standing cemetery building that contains the grave, tomb or burial chamber of the deceased. A large private or public church/cemetery mausoleum, or community columbarium, can also incorporate other elements, such as a chapel or a niche for cremated remains. Designed and built by the memorial architects at Rome Monuments, our private, family and estate mausoleums can be adorned with beautiful custom designs, such as; etchings, engravings, bas reliefs, statues, 3D carvings, and symbols and imagery that convey the specific nationality or religion of the deceased. They can be for any number of graves and come in a variety of styles and shapes. You can select from a wide variety of granite colors for both traditional and cremation mausoleums in different price ranges.
Rome Monument also sells, designs and constructs private columbariums, single crypt mausoleums and double crypt mausoleums. Rome Monument is a mausoleum construction company, mausoleum contractor, community mausoleum manufacturer and private family mausoleum builder with over 80 years of experience as a design/builder of mausoleums for cemeteries, memorial parks, churches and private property. Our mausoleum construction standards are rigorous and meticulous. Prices for walk-in mausoleums with 2-4 crypts starting at $85K and prices for walk-in mausoleums with 6-8 crypts start at $145K
The process of ordering a top-of-the-line private family mausoleum starts with a call to 724-770-0100 or an email to Vince Dioguardi at [email protected] After your intial conversations and/or email dialogue, if you decide to move forward, Vince will work hand-in-hand with you to customize and perfect the unique design of your mausoleum. Once you approve the design plans and payment arrangements have been settled, construction begins in our manufacturing facility. When the mausoleum has been completed in-house, it is delivered to your your cemetery or memorial park. The final setting and installation is then completed. The entire process, from contacting Mr. Dioguardi to installation, normally takes between 3 and 12 months depending on the complexity of the mausoleum construction and seasonal installation factors.
Browsing mausoleums is simple. Just click the images below—then learn more about any specific style of mausoleum. Talk with a designer at Rome Monument to learn about your mausoleum customization options. Rome Monument sells, designs, builds and constructs private, family and estate mausoleums for cemeteries located throughout the continental (lower 48) United States. Prices for single crypt mausoleums start at $15K. View pictures in the gallery and call 724-770-0100 for specific prices