earnings
confidence high
sentiment neutral
materiality 0.60
Sera Prognostics Q1 net loss narrows to $8.1M; net revenue nil after adjustments
SERA PROGNOSTICS, INC.
2024-Q1 EPS reported
-$0.25
- Net revenue nil after periodic review of accounting estimates for older tests; gross revenue $39K vs $100K YoY.
- Net loss $8.1M, improved 24% from $10.6M loss in Q1 2023.
- Operating expenses $9.1M, down 20% YoY; SG&A $5.4M (-26%), R&D $3.7M (-10%).
- Shipped first ambient whole blood collection kits to reduce COGS and expand access.
- Submitted PRIME study interim analysis manuscript for peer-reviewed publication.