secwatch.observer — SEC 8-K summary
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Issuer:     Seer, Inc. (SEER)
CIK:        0001726445
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055694
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seer Q1 revenue down 24% YoY to $3.1M; net loss narrows to $20.7M; authorizes $25M buyback
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- Revenue $3.1M (-24% YoY); product revenue $2.5M (incl. $828K related party), service $534K.
- Net loss $20.7M improved from $24.0M; gross margin 44%; operating expenses $26.6M (-10% YoY).
- Cash and investments $359.2M; board authorized up to $25M share repurchase program.
- FY2024 revenue guidance of $16M-$18M, essentially flat vs FY2023 revenue.
- Expanding Proteograph STAC program to Europe; three new peer-reviewed publications supporting platform.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1726445/000095017024055694/0000950170-24-055694-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1726445/000095017024055694/ck0001726445-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055694

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer