Seer Inc Reports Q3 2026 Revenue of $4.0 Million Amid Lowered Full-Year Guidance
Seer Inc (SEER) reported third-quarter revenue of $4.0 million, marking a 29% increase from the previous quarter but a 3% decline year-over-year. The quarterly performance was driven by increased instrument shipments and new customer agreements, though extended sales cycles and funding constraints in the academic sector have impacted growth. The company significantly improved its net loss to $13.7 million compared to an $18.2 million loss in the prior year period, aided by a 23% reduction in operating expenses. However, management lowered its full-year 2026 revenue guidance to a range of $13.5 million to $14.5 million, down from the previous estimate of $16 million to $18 million. Despite the downward revision in guidance, Seer maintains a strong liquidity position with $198.1 million in cash and investments. The company continues to focus on scaling its Proteograph technology and aims for long-term gross margins between 70% and 75%.
Topics: guidance revision net loss improvement operating expenses revenue growth