NASDAQ$SEER

Seer Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Seer's revenue increased due to consumable and instrument sales, service projects, and lease revenue.

Seer reported a 50% increase in revenue for the fourth quarter of 2022, driven by growth in consumable and instrument sales of the Proteograph Product Suite, service projects, and lease revenue. The company's gross margin was 50% for the quarter. They anticipate revenue growth in 2023.

  • Revenue increased by 50% compared to the same quarter in the previous year.
  • The Proteograph Product Suite performed exceptionally well with customers.
  • Product-related revenue was $3.2 million, including $1.7 million from related parties.
  • Gross margin reached 50% for the quarter.

Headline financials

Total Revenue

$4.6M

Previous: $3.07M+50.2%
EPS (adj)

-$0.36

Previous: -$0.32-12.5%
Capital Expenditures

$4.97M

Previous: $1.33M+272.8%
Free Cash Flow

-$19.2M

Previous: -$13.7M-40.3%
Net Income

-$22.5M

Previous: -$19.7M-14.1%
Operating Income

-$25M

Previous: -$19.9M-25.5%
Gross Profit

$2.29M

Previous: $1.43M+59.9%
Cash & Equivalents

$53.2M

Previous: $233M-77.1%
Total Assets

$488M

Previous: $539M-9.5%
Stock-Based Comp

$8.16M

Previous: $6.67M+22.3%

Revenue & EPS history

Seer · Revenue · Quarterly

$4.6M

Q4 2022+50.2%vs Q4 2021
Beat estimate in 10 of 13 quarters(77%)
ActualEstimate

Revenue by segment

Seer · $2.14M total across 2 segments · Q4 2022

  • Product Revenue
    $1.43M-24.0%
  • Service Revenue
    $708K

Forward guidance

Seer expects full year 2023 revenue to be in the range of $23 million to $25 million, representing growth of 48% - 61% over full year 2022.

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 2022

Historical avgQ4 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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