NEW YORK (GenomeWeb) – Invitae reported Tuesday after the close of the market that it generated $1.2 million in first quarter revenues, a 10-fold increase from $118,000 in Q1 2014.

Invitae's revenues beat the consensus Wall Street estimate of $1.1 million.

The company billed 2,200 reports, marking 23 percent sequential growth from the fourth quarter of 2014. Invitae went public in February, netting $116 million in total gross proceeds.

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