NASDAQ$SEER

Seer Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Seer had a strong start to the year with increased commercial efforts and tangible progress against its strategic plan.

Seer reported revenue of $3.3 million for the first quarter of 2022, a significant increase compared to $62 thousand in the same period last year. The company's net loss was $23.6 million, and it continues to expect full-year 2022 revenue to be in the range of $14.0 million to $16.0 million.

  • Revenue for Q1 2022 was $3.3 million.
  • Delivered first Proteograph Product Suite orders across multiple geographies as part of Broad Commercial release.
  • Published a study in PNAS demonstrating performance of the Proteograph Product Suite.
  • Scott Thomas was hired as Chief Commercial Officer.

Headline financials

Total Revenue

$3.31M

Previous: $62K+5241.9%
EPS (adj)

-$0.38

Previous: -$0.27-40.7%
Capital Expenditures

-$1.08M

Previous: -$838K-28.9%
Free Cash Flow

-$24.7M

Previous: -$17.3M-43.2%
Net Income

-$23.6M

Previous: -$16.4M-43.9%
Operating Income

-$23.8M

Previous: -$16.5M-44.2%
Gross Profit

$1.24M

Previous: $62K+1906.5%
Cash & Equivalents

$225M

Previous: $446M-49.4%
Total Assets

$527M

Previous: $546M-3.4%
Stock-Based Comp

$8.06M

Previous: $6.04M+33.5%

Revenue & EPS history

Seer · Revenue · Quarterly

$3.31M

Q1 2022+5,241.9%vs Q1 2021
Beat estimate in 10 of 11 quarters(91%)
ActualEstimate

Revenue by segment

Seer · $3.3M total across 3 segments · Q1 2022

  • Product Revenue
    $2.15M
  • Related Party Revenue
    $1.07M
  • Service Revenue
    $79K

Forward guidance

Seer continues to expect full year 2022 revenue to be in the range of $14.0 million to $16.0 million, and also expects to continue to increase investments in its commercial, operations, research and development activities to drive long-term growth and value creation.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-1.1%

Avg return

Earnings day

-3.4%

Avg return

5 days after

-1.5%

Avg return

30 days after

38%

9 / 24 earnings

Positive

+39.4%

Q4 2022

Best reaction

-33.3%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.7%-7.7%-6.0%
Q4 2025-17.4%-11.1%-20.2%
Q3 2025-1.4%-4.6%-13.4%
Q1 2025+10.0%+7.8%+7.8%
Q4 2024-4.5%-7.3%-20.9%
Q3 2024+9.4%+10.3%+22.2%
Q2 2024+0.0%-1.2%-4.7%
Q1 2024-6.8%-10.0%-21.7%
Q4 2023+1.1%+6.1%+5.6%
Q3 2023-7.4%-11.4%-5.1%
Q2 2023-33.3%-40.6%-43.6%
Q1 2023-2.2%-11.2%+33.7%
Q4 2022+39.4%+20.8%-1.3%
Q3 2022-3.4%+22.0%-7.4%
Q2 2022+19.5%+6.9%-12.4%
Q1 2022+5.5%-5.7%+5.7%
Q4 2021-6.6%-15.3%+1.8%
Q3 2021-11.4%-13.5%-31.0%
Q3 2020-11.4%-13.5%-31.0%
Q2 2021+8.1%-0.8%+44.5%
Q2 2020+8.1%-0.8%+44.5%
Q1 2020-11.4%-8.8%+4.1%
Q1 2021-16.1%-22.2%-17.9%
Q4 2020+7.6%+29.9%+31.1%
Q4 2019

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro