NASDAQ$SEER
Seer Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Seer's revenue increased by 22% year-over-year, driven by growth in the installed base and customer engagement.
Seer, Inc. reported a 22% increase in revenue for the first quarter of 2023, reaching $4.1 million. This growth was primarily driven by increased sales of consumable kits related to the Proteograph Product Suite. The company's net loss was $24.0 million, slightly higher than the previous year. Seer reaffirms its full-year 2023 revenue guidance of $23 million to $25 million.
- Revenue for Q1 2023 reached $4.1 million, a 22% increase year-over-year.
- Product-related revenue was $3.6 million, including $1.3 million from related parties.
- Gross profit for Q1 2023 was $2.1 million, with a gross margin of 51%.
- Net loss for Q1 2023 was $24.0 million, compared to $23.6 million in the prior year period.
Headline financials
Revenue & EPS history
Seer · Revenue · Quarterly
$4.05M
Revenue by segment
Seer · $3.72M total across 3 segments · Q1 2023
- Product Revenue$2.34M+9.0%63.0%
- Related Party Revenue$1.31M+22.1%35.1%
- Service Revenue$69K-12.7%1.9%
Forward guidance
Seer anticipates full year 2023 revenue to be in the range of $23 million to $25 million.
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 2023
-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
| Quarter | Report date | Reaction (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 | — | — | — |
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