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Mar 31, 2024
Seer Q1 2024 Earnings Report
Seer's financial results for Q1 2024 were reported, highlighting the power of the Proteograph Product Suite and its growing customer base.
Key Takeaways
Seer reported revenue of $3.1 million for the first quarter of 2024, a 24% decrease compared to the prior year. The company's net loss was $20.7 million. They ended the quarter with $359.2 million in cash, cash equivalents and investments.
Seer achieved revenue of $3.1 million for the first quarter of 2024.
The Seer Technology Access Center (STAC) program expanded to Europe.
The power of the Proteograph Product Suite was further validated with three peer-reviewed publications.
Seer authorized an open-market share repurchase program of up to $25 million.
Revenue by Segment
Forward Guidance
Seer now expects full year 2024 revenue to be in the range of $16 million to $18 million, which is in line with full year 2023 revenue.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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