Strong Start to 2025 with Revenue Growth
Seer delivered $4.2 million in revenue for the first quarter of 2025, marking a 37% increase compared to $3.1 million in the first quarter of 2024.
Significant Contract Secured for Large-Scale Study
Discovery Life Sciences, in collaboration with Seer, secured a contract for a 10,000-sample study using the Proteograph product suite, marking a milestone for the proteomics market.
High Customer Engagement with STAC
Half of the instrument shipments in Q1 were from customers who had previously accessed STAC, representing the highest number of STAC-to-instrument conversions in a single quarter.
Partnership with Thermo Fisher Scientific
Expanded partnership to co-market and sell the Proteograph product suite alongside Orbitrap Astral mass spectrometer, enhancing commercial reach.
Reduced Operating Expenses
Total operating expenses decreased by 14% to $22.8 million in Q1 2025 compared to $26.6 million in Q1 2024, driven by decreases in stock-based compensation and laboratory expenses.