NASDAQ$SEER

Seer Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Seer's Q4 2021 financial results were reported, demonstrating market progress with $3.1 million in revenue and advancements in commercial release of the Proteograph Product Suite.

Seer, Inc. reported a revenue of $3.1 million for Q4 2021, a significant increase compared to the previous year. The company's net loss for the quarter was $19.7 million. Broad commercial release of the Proteograph Product Suite commenced, with multiple orders pre-booked.

  • Revenue reached $3.1 million, driven by increased sales of the Proteograph Product Suite.
  • Gross profit for the quarter was $1.4 million, with a gross margin of 47%.
  • Operating expenses increased to $21.3 million due to higher employee compensation and costs related to being a publicly traded company.
  • Net loss was $19.7 million, compared to $12.9 million in the prior year period.

Headline financials

Total Revenue

$3.07M

Previous: $336K+812.5%
EPS (adj)

-$0.32

Previous: -$0.54+40.7%
Capital Expenditures

$1.33M

Previous: $127K+950.4%
Free Cash Flow

-$13.7M

Previous: -$5.61M-144.2%
Net Income

-$19.7M

Previous: -$12.9M-52.6%
Operating Income

-$19.9M

Previous: -$13M-52.4%
Gross Profit

$1.43M

Previous: $292K+390.8%
Cash & Equivalents

$233M

Previous: $334M-30.2%
Total Assets

$539M

Previous: $442M+21.9%
Stock-Based Comp

$6.67M

Previous: $4.78M+39.4%

Revenue & EPS history

Seer · Revenue · Quarterly

$3.07M

Q4 2021+812.5%vs Q4 2020
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Seer · $3.03M total across 2 segments · Q4 2021

  • Product Revenue
    $1.88M
  • Related Party Revenue
    $1.15M

Forward guidance

Seer expects full year 2022 revenue to be in the range of $14.0 million to $16.0 million and plans to increase investments in commercial, operations, and research and development activities.

Tailwinds

  • Seer expects full year 2022 revenue to be in the range of $14.0 million to $16.0 million.
  • The company plans to increase investments in its commercial activities.
  • The company plans to increase investments in its operations activities.
  • The company plans to increase investments in its research and development activities.
  • Seer aims to drive long-term growth and value creation.

Headwinds

  • Increased investments in commercial, operations, and R&D activities may impact profitability in the short term.
  • The company's outlook is subject to various risks and uncertainties.
  • Actual results may differ materially from the company's expectations.
  • The company's ability to achieve its revenue targets depends on market conditions and customer demand.
  • Continued investments may lead to increased operating expenses.

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 Q4 2021

Historical avgQ4 2021

-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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