Invitae Corporation (NYSE:NVTA) Q3 2023 Earnings Call Transcript

Ken Knight: Yeah. I mean, the way we’re thinking about it is that there is some mixed dynamics that still might play out for us as we finish the year. And so it was a little bit of — we have to see how our product mix lands in Q4. So we have revenue and then we’ve got product mix that kind of contributes to how we see gross margin. At the same time, I’d say, look, I think we’re not satisfied with a gross margin of 48% to 50%. We know that we have great products and we provide tremendous product and service to the healthcare community. And we have this determination to make sure that we’re getting being appropriately rewarded for those efforts. And so I think our gross margin determination and effort is far from being concluded.

And so as we start mapping out what we think 2024 will be, we’ll start to guide that. But at this point, as we think about finishing up this year, there is, just some, puts and takes in terms of model, in terms of mix and things like that, that we’re navigating through. But at the same time, we like the progress we’re making, and we’re pretty darn confident that we can continue to expand it into the future.

Rachel Vatnsdal: Awesome. Thank you so much.

Operator: Thank you. We have no further questions registered today. So with that, I’ll hand back over to Ken Knight for final remarks.

Ken Knight: Well, once again, thanks everybody. Appreciate you joining us. We appreciate your continued interest in us as well as support and look forward to talking to you again next quarter. So be well. Thank you all.

Operator: This concludes today’s call. Thank you for joining. You may now disconnect your lines.