Seer reports Q1 revenue $3.3M, net loss $23.6M; reaffirms FY2022 guidance $14-16M

Seer, Inc.

2022-Q1 EPS reported -$0.38 revenue$3,312,000

Revenue $3.3M (vs $62K Q1 2021); product revenue $3.2M incl. $1.1M related-party.
Net loss $23.6M (vs $16.4M); operating expenses $25.0M incl. $8.1M stock-based comp.
Cash, cash equivalents and investments $472M as of March 31, 2022.
FY2022 revenue guidance reaffirmed at $14.0-16.0M; increasing investments in commercial, R&D.
Hired Scott Thomas as Chief Commercial Officer; PNAS publication on Proteograph performance.

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