Seer Q2 revenue $3.1M (-23% YoY); FY 2024 guidance cut to $13-15M

Seer, Inc.

2024-Q2 EPS reported -$0.67 revenue$6,138,000

Revenue $3.1M, down 23% YoY from $4.0M; product revenue $2.2M, service $845K.
Net loss $22.9M vs $23.4M prior year; operating expenses $28.8M (down 5% YoY).
Full-year 2024 revenue guidance reduced to $13M-$15M from prior $16M-$18M.
Launched Seer Technology Access Center (STAC) in Europe; customer papers in Nature.
Cash, equivalents and investments $344.6M as of June 30, 2024.

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