NASDAQ$SEER

Seer Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Seer's Q3 2022 performance was marked by revenue growth and continued market enthusiasm for its Proteograph Product Suite.

Seer, Inc. reported revenue of $4.0 million for the third quarter of 2022, compared to $2.2 million for the same period in 2021. The increase was primarily due to increased sales of the Proteograph Product Suite and its related products. The net loss for the quarter was $24.0 million, compared to $18.4 million for the corresponding prior year period. Cash, cash equivalents and investments were approximately $441.0 million as of September 30, 2022.

  • Revenue for Q3 2022 reached $4.0 million.
  • Gross profit for Q3 2022 was $1.9 million, with a gross margin of 49%.
  • Operating expenses for Q3 2022 totaled $27.0 million, including $9.1 million in stock-based compensation.
  • Net loss for Q3 2022 was $24.0 million.

Headline financials

Total Revenue

$3.96M

Previous: $2.16M+83.5%
EPS (adj)

-$0.38

Previous: -$0.30-26.7%
Capital Expenditures

-$5.29M

Previous: -$5.59M+5.3%
Free Cash Flow

-$29.3M

Previous: -$24M-22.1%
Net Income

-$24M

Previous: -$18.4M-30.4%
Operating Income

-$25.1M

Previous: -$18.4M-36.0%
Gross Profit

$1.95M

Previous: $1.17M+66.4%
Cash & Equivalents

$68.1M

Previous: $331M-79.5%
Total Assets

$500M

Previous: $528M-5.2%
Stock-Based Comp

$9.07M

Previous: $6.79M+33.7%

Revenue & EPS history

Seer · Revenue · Quarterly

$3.96M

Q3 2022+83.5%vs Q3 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Seer · $4.57M total across 3 segments · Q3 2022

  • Product Revenue
    $2.57M+60.7%
  • Related Party Revenue
    $1.32M+67.2%
  • Service Revenue
    $685K+37.0%

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 Q3 2022

Historical avgQ3 2022

-1.1%

Avg return

Earnings day

-3.4%

Avg return

5 days after

-1.3%

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%
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 2020-11.4%-13.5%-31.0%
Q3 2021-11.4%-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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