NEW YORK (GenomeWeb) – Invitae reported Tuesday after the close of the market that it generated $4 million in first quarter revenues, a more than threefold increase from revenues of $1.2 million in Q1 2015.

Its revenues, however, fell short of the consensus Wall Street estimate of $4.4 million.

The company grew its test volume by 300 percent year over year, billing 9,700 reports and accessioning around 10,000 samples. The company estimates it will deliver between 50,000 and 70,000 test results in 2016.

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