SEER - Seer GAAP EPS of -$0.36 beats by $0.07 revenue of $4.6M beats by $0.4M

• Seer press release ( NASDAQ: SEER ): Q4 GAAP EPS of -$0.36 beats by $0.07 .
• Revenue of $4.6M (+48.4% Y/Y) beats by $0.4M .
• Revenue was $15.5 million for the year ended December 31, 2022, a 134% increase from $6.6 million for the year ended December 31, 2021.

• Gross profit, inclusive of grant and other revenue, was $7.1 million and gross margin was 46% for the full year 2022.

• Operating expenses were $104.3 million for the full year 2022, as compared to $74.9 million for the corresponding prior year period.

• Net loss was $93.0 million for the full year 2022, as compared to $71.2 million for the corresponding prior year period.

• Cash, cash equivalents and investments were approximately $426.4 million as of December 31, 2022.

• 2023 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.

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