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Dec 31, 2023
Seer Q4 2023 Earnings Report
Seer reported a decrease in revenue and net loss compared to the same period last year, while also providing full year 2024 outlook.
Key Takeaways
Seer, Inc. reported Q4 2023 revenue of $4.4 million, a 3.6% decrease year-over-year. The net loss for the quarter was $17.8 million, compared to $22.5 million for the same period last year. The company ended the year with approximately $373 million in cash, cash equivalents, and investments.
Achieved revenue of $4.4 million for the fourth quarter of 2023, a decrease of 4% over the fourth quarter of 2022.
Shipped 23 instruments during 2023, bringing cumulative instruments shipped to 62 as of December 31, 2023.
Expanded internationally with the addition of four new distributors and partners.
Ended the year with approximately $373 million of cash, cash equivalents and investments.
Revenue by Segment
Forward Guidance
Seer expects full year 2024 revenue to be in the range of $18 million to $20 million, representing growth of 14% at the midpoint over full year 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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