Q1 2026 Seer Inc Earnings Call Transcript
Key Points
- Seer Inc (SEER) has doubled the number of independent publications validating its platform year over year, reaching 84 peer-reviewed publications.
- The company announced a new biobank collaboration with Precision Health Research Singapore and Thermo Fisher, advancing its population-scale studies.
- Seer Inc (SEER) successfully defended its patents with a favorable PTAB verdict, reinforcing its commitment to protecting its foundational technology.
- The appointment of a new Chief Commercial Officer is expected to drive momentum in the sales organization.
- Seer Inc (SEER) continues to invest in product and technological innovation, including a next-generation detector and scalable cloud-based software analytical suite.
- First-quarter total revenue decreased to $2.8 million from $4.2 million in the same quarter of the previous year, due to a depressed academic funding environment and increased competitive activity.
- Gross margin declined to 35% from 49% in the first quarter of 2025, attributed to lower absorption of fixed period costs.
- The presence of imitation products in the market is creating competitive pressure and uncertainty.
- Service revenue was lower than expected due to the absence of large projects in the first quarter.
- The company is facing ongoing macroeconomic headwinds in academic and government funding, impacting customer behavior.
Good day, and welcome to Seer first-quarter 2026 earnings conference call. (Operator Instructions) Please note this event is being recorded.
I would now like to turn the conference over to Marissa Bych from Gilmartin Group. Please go ahead.
Thank you. Earlier today, Seer released financial results for the quarter ended March 31, 2026. If you have not received this news release, or if you would like to be added to the company's distribution list, please send an email to [email protected]. In addition, during today's conference call, we will be referencing a slide presentation that can be accessed on the Events and Presentations section of Seer's Investor Relations website. Participating today from Seer is Omid Farokhzad, Chief Executive Officer and Chair of the Board; and David Horn, Chief Financial Officer and President.
Before we begin, I would like to remind you that management will make statements during this call that are forward-looking statements within the meaning of federal
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