NASDAQ$SEER

Seer Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Seer's Q2 2022 financial results were released, highlighted by revenue growth and continued progress in commercial efforts.

Seer reported revenue of $3.6 million for Q2 2022, an increase compared to $1.3 million in Q2 2021. The company's gross profit was $1.6 million with a gross margin of 44%. Net loss for the quarter was $22.8 million. Seer continues to expect full year 2022 revenue to be in the range of $14.0 million to $16.0 million.

  • Revenue for Q2 2022 reached $3.6 million.
  • Launched Proteograph Analysis Suite 2.0 for proteogenomic analysis.
  • Featured in 28 posters across nine scientific conferences.
  • Progressed with Centers of Excellence and the Proteogenomics Consortium.

Headline financials

Total Revenue

$3.62M

Previous: $1.33M+171.4%
EPS (adj)

-$0.37

Previous: -$0.27-37.0%
Gross Margin

44.0%

No prior period
Capital Expenditures

-$2.61M

Previous: -$2.94M+11.5%
Free Cash Flow

-$25.4M

Previous: -$19.6M-30.0%
Net Income

-$22.8M

Previous: -$16.6M-37.3%
Operating Income

-$23.4M

Previous: -$16.7M-40.6%
Gross Profit

$1.61M

Previous: $748K+115.1%
Cash & Equivalents

$79M

Previous: $371M-78.7%
Total Assets

$516M

Previous: $537M-3.9%
Stock-Based Comp

$8.38M

Previous: $6.43M+30.3%

Revenue & EPS history

Seer · Revenue · Quarterly

$3.62M

Q2 2022+171.4%vs Q2 2021
Beat estimate in 10 of 13 quarters(77%)
ActualEstimate

Revenue by segment

Seer · $3.57M total across 3 segments · Q2 2022

  • Product Revenue
    $2.41M
  • Related Party Revenue
    $1.11M
  • Service Revenue
    $57K

Forward guidance

Seer continues to expect full year 2022 revenue to be in the range of $14.0 million to $16.0 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 Q2 2022

Historical avgQ2 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

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