Invitae Corporation

Ladies and gentlemen, thank you for standing by and welcome to NVDA's fourth quarter and full year 2020 financial results conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone. If you require any further assistance, please press star 0. I would now like to hand the conference over to your speaker today, Laura D'Angelo. Thank you. Please go ahead.

Thank you, Operator, and good afternoon, everyone. Thank you for joining us for our fourth quarter and year-end 2020 earnings call. Joining us today are Sean George, our CEO, Shelley Geyer, our CFO, Penn Knight, our COO, and Catherine Stoolands, our Chief Commercial Officer. As you listen to today's conference call, we encourage you to have our press release available, which includes our financial results, as well as metrics and commentary on the quarter. Before we begin, I'd like to remind you that various remarks that we make on this call that are not historical, including those about our future financial and operating results, our plans and prospects, the focus of our business strategy, our plans to integrate and manage businesses we acquire, market opportunities, future products, services, and our product pipeline and the timing thereof, demand for and reimbursement of our services, and our investment in our infrastructure and operations constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act. It is difficult to accurately predict demand for our services, and therefore our actual results could differ materially from our stated outlook. Statements on future company performance assume, among other things, that we don't conclude any additional business acquisitions, investments, restructurings, or legal settlements. we refer you to our most recent 10Q, in particular to the section titled Risk Factors, for additional information on factors that could cause actual results to differ materially from our current expectations. These forward-looking statements speak only as the date hereof. To supplement our consolidated financial statements prepared in accordance with generally accepted accounting principles in the United States, or GAAP, we monitor and consider several non-GAAP measures. We exclude, as applicable, one, amortization of acquired intangible assets, two, acquisition-related stock-based compensation, three, post-combination expense related to the acceleration of equity grants or bonus payments in connection with the company's business combination, four, adjustments to the fair value of certain acquisition-related assets and liabilities, and five, acquisition-related income tax benefits. In this period, our non-GAAP measures include cost of revenue, gross profit, operating expense, including research and development, selling and marketing, and general and administrative, other income, expense, net, as well as net loss and net loss per share, and cash burn. We encourage you to review our gaps, non-gap reconciliations, which are available in the press release and in the earnings slide deck. With that, I will turn the call over to Sean.

Thanks, Lauren. Good afternoon, everyone. We've had an active few months with a lot of opportunities to talk with investors and analysts. Q4 was a great quarter for us and for our key performance metrics, all indicating that we are steadily returning to and even surpassing our pre-pandemic growth trajectory. Having announced preliminary results in January, I thought we would use today's call to recap 2020, reiterate where we're headed and how we'll get there, and define the metrics we will use to track our progress. It's also a great time to introduce the perspectives of our COO, Ken Knight, on our growth strategy and scaling to accelerate into sizable markets. We hope you'll be as excited as we are as we look ahead. Before we do that, Shelley will walk us through the Q4 quarterly and full-year financial results and outlook for 2021. Shelley?