secwatch.observer — SEC 8-K summary
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Issuer:     Seer, Inc. (SEER)
CIK:        0001726445
Form:       8-K
Filed at:   2026-11-10T21:22:03+00:00
Accession:  0001193125-26-455529
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Seer Q3 revenue $4.0M, down 3% YoY; FY26 guidance cut to $13.5-$14.5M from $16-$18M
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- Q3 2026 revenue $4.0M vs $4.1M in Q3 2025 (-3%); product revenue $2.8M, service $1.1M, related party $0.1M, other ~$67,000.
- Gross profit $1.9M, gross margin 47%; operating expenses $16.5M, down 23% from $21.5M; net loss $13.7M vs $18.2M a year ago.
- FY2026 revenue guidance lowered to $13.5-$14.5M from prior $16-$18M, citing academic/government funding pressure and late-stage deals slipping.
- Cash and investments $198.1M at Sept 30; 9-month operating burn $34.5M, free cash flow -$34.8M. Repurchased 13.5M shares at $1.85 avg; $25M left of $50M authorization.
- ITC staff recommended full exclusion and cease-and-desist orders after Nanomics withdrew; final determination expected by year-end. Oct 29 review ended with Seer staying independent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1726445/000119312526455529/0001193125-26-455529-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1726445/000119312526455529/ck0001726445-20261110.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-455529

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