Quarterly ResultMay 13, 2026, 04:33 PM
Seer Q1 Revenue $2.79M, Net Loss $(16.84)M; Authorizes $25M Buyback
AI Summary
Seer, Inc. reported its first quarter 2026 financial results, showing a decrease in total revenue to $2.79 million from $4.21 million in the prior year. Despite the revenue decline, the company's net loss improved to $(16.84) million from $(19.95) million, driven by reduced operating expenses. Additionally, the Board of Directors authorized an extra $25.0 million for share repurchases and adopted a Tax Benefit Preservation Plan to protect its net operating losses.
Key Highlights
- Seer's Board authorized an additional $25.0 million for share repurchases.
- Total revenue for Q1 2026 decreased to $2.79 million from $4.21 million in Q1 2025.
- Net loss for Q1 2026 improved to $(16.84) million from $(19.95) million in Q1 2025.
- Basic and diluted net loss per share was $(0.30) in Q1 2026, compared to $(0.34) in Q1 2025.
- Cash, cash equivalents, and investments totaled $219.5 million as of March 31, 2026.
- Operating expenses decreased to $18.24 million in Q1 2026 from $22.79 million in Q1 2025.
- The company adopted a Tax Benefit Preservation Plan on February 26, 2026.