Seer Q1 revenue $4.1M, up 22% YoY; net loss $24M; FY23 guidance reaffirmed $23-25M

Seer, Inc.

2023-Q1 EPS reported -$0.38 revenue$4,053,000

Revenue $4.1M, up 22% YoY driven by consumable kit sales including $1.3M related party.
Gross margin 51%; operating expenses $29.5M (up 18%) with $8.7M stock-based comp.
Net loss $24.0M compared to $23.6M in prior year quarter.
Cash and investments $410.5M as of March 31, 2023.
Full year 2023 revenue guidance reaffirmed $23M-$25M (48-61% growth).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Seer, Inc. reported the first quarter ended March 31, 2023 results: revenue $4.1 million. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Revenue: $4.1 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

We expect this momentum to continue throughout the year as more customers adopt the technology and scale their use of the platform.” Recent Highlights • Achieved revenue of $4.1 million for the first quarter of 2023, an increase of 22% over the prior year period • Announced the first protein quantitative trait loci, or pQTL, customer manuscript, demonstrating

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Source: SEC EDGAR

accession 0001628280-23-016825

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