(State or other jurisdiction of | (Commission | (I.R.S. Employer | ||||||||||||
incorporation) | File Number) | Identification No.) |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
The NASDAQ Stock Market LLC (The NASDAQ Global Select Market) |
Exhibit No. | Description | ||||||||||
Press Release dated November 9, 2021 | |||||||||||
104 | Cover Page Interactive Data File (formatted as Inline XBRL) | ||||||||||
SEER, INC. | |||||||||||
November 9, 2021 | /s/ David Horn | ||||||||||
David Horn | |||||||||||
Chief Financial Officer |
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||
2,021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||
Revenue: | ||||||||||||||||||||||||||
Product | $ | 858 | $ | — | $ | 1,695 | $ | — | ||||||||||||||||||
Service | 500 | — | 500 | — | ||||||||||||||||||||||
Related party | 787 | — | 1,167 | — | ||||||||||||||||||||||
Grant | 10 | 72 | 189 | 320 | ||||||||||||||||||||||
Total revenue | 2,155 | 72 | 3,551 | 320 | ||||||||||||||||||||||
Cost of revenue: | ||||||||||||||||||||||||||
Product | 574 | — | 1,078 | — | ||||||||||||||||||||||
Service | 42 | — | 42 | — | ||||||||||||||||||||||
Related party | 370 | — | 452 | — | ||||||||||||||||||||||
Total cost of revenue | 986 | — | 1,572 | — | ||||||||||||||||||||||
Gross profit | 1,169 | 72 | 1,979 | 320 | ||||||||||||||||||||||
Operating expenses: | ||||||||||||||||||||||||||
Research and development | 7,745 | 4,762 | 20,906 | 13,520 | ||||||||||||||||||||||
Selling, general and administrative | 11,855 | 3,726 | 32,672 | 7,408 | ||||||||||||||||||||||
Total operating expenses | 19,600 | 8,488 | 53,578 | 20,928 | ||||||||||||||||||||||
Loss from operations | (18,431) | (8,416) | (51,599) | (20,608) | ||||||||||||||||||||||
Other income (expense): | ||||||||||||||||||||||||||
Interest income | 46 | 196 | 169 | 778 | ||||||||||||||||||||||
Other expense | — | (9) | — | (9) | ||||||||||||||||||||||
Total other income | 46 | 187 | 169 | 769 | ||||||||||||||||||||||
Net loss | $ | (18,385) | $ | (8,229) | $ | (51,430) | $ | (19,839) | ||||||||||||||||||
Other comprehensive income (loss): | ||||||||||||||||||||||||||
Unrealized gain (loss) on available-for-sale securities | 26 | (159) | (62) | 119 | ||||||||||||||||||||||
Comprehensive loss | $ | (18,359) | $ | (8,388) | $ | (51,492) | $ | (19,720) | ||||||||||||||||||
Net loss per share attributable to common stockholders, basic and diluted | $ | (0.30) | $ | (0.80) | $ | (0.85) | $ | (2.04) | ||||||||||||||||||
Weighted-average common shares outstanding, basic and diluted | 61,133,518 | 10,285,401 | 60,625,601 | 9,709,501 |
September 30, | December 31, | |||||||||||||||||||||||||
2021 | 2020 | |||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||||
Cash and cash equivalents | $ | 331,402 | $ | 333,585 | ||||||||||||||||||||||
Investments | 175,202 | 98,278 | ||||||||||||||||||||||||
Accounts receivable, net | 1,165 | — | ||||||||||||||||||||||||
Related party receivables | 703 | 99 | ||||||||||||||||||||||||
Other receivables | 672 | 163 | ||||||||||||||||||||||||
Inventory | 2,557 | 551 | ||||||||||||||||||||||||
Prepaid expenses and other current assets | 2,566 | 452 | ||||||||||||||||||||||||
Total current assets | 514,267 | 433,128 | ||||||||||||||||||||||||
Property and equipment, net | 12,588 | 8,441 | ||||||||||||||||||||||||
Restricted cash | 524 | 343 | ||||||||||||||||||||||||
Other assets | 459 | 407 | ||||||||||||||||||||||||
Total assets | $ | 527,838 | $ | 442,319 | ||||||||||||||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||||
Accounts payable | $ | 2,573 | $ | 2,115 | ||||||||||||||||||||||
Accrued expenses | 5,974 | 5,147 | ||||||||||||||||||||||||
Accrued research and development | 627 | 396 | ||||||||||||||||||||||||
Deferred revenue | 111 | 250 | ||||||||||||||||||||||||
Deferred rent, current | 268 | 186 | ||||||||||||||||||||||||
Total current liabilities | 9,553 | 8,094 | ||||||||||||||||||||||||
Deferred rent, net of current portion | 2,687 | 1,899 | ||||||||||||||||||||||||
Other noncurrent liabilities | 402 | 717 | ||||||||||||||||||||||||
Total liabilities | 12,642 | 10,710 | ||||||||||||||||||||||||
Commitments and contingencies | ||||||||||||||||||||||||||
Stockholders’ equity: | ||||||||||||||||||||||||||
Preferred stock, $0.00001 par value; 5,000,000 shares authorized as of September 30, 2021 and December 31, 2020; zero shares issued and outstanding as of September 30, 2021 and December 31, 2020 | — | — | ||||||||||||||||||||||||
Class A common stock, $0.00001 par value; 94,000,000 shares authorized as of September 30, 2021 and December 31, 2020; 56,967,870 and 53,395,319 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively; | 1 | 1 | ||||||||||||||||||||||||
Class B common stock, $0.00001 par value; 6,000,000 shares authorized as of September 30, 2021 and December 31, 2020; 4,686,028 and 5,865,732 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively; | — | — | ||||||||||||||||||||||||
Additional paid-in capital | 621,994 | 486,915 | ||||||||||||||||||||||||
Accumulated other comprehensive income (loss) | (8) | 54 | ||||||||||||||||||||||||
Accumulated deficit | (106,791) | (55,361) | ||||||||||||||||||||||||
Total stockholders’ equity | 515,196 | 431,609 | ||||||||||||||||||||||||
Total liabilities and stockholders’ equity | $ | 527,838 | $ | 442,319 |
Cover Page |
Nov. 09, 2021 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Document Period End Date | Nov. 09, 2021 |
Entity Registrant Name | Seer, Inc. |
Entity File Number | 001-39747 |
Entity Incorporation, State or Country Code | DE |
Entity Tax Identification Number | 82-1153150 |
Entity Address, Address Line One | 3800 Bridge Parkway |
Entity Address, Address Line Two | Suite 102 |
Entity Address, City or Town | Redwood City |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 94065 |
City Area Code | 650 |
Local Phone Number | 453-0000 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Class A Common Stock, par value $0.00001 per share |
Trading Symbol | SEER |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | false |
Entity Central Index Key | 0001726445 |
Document Fiscal Year Focus | 2021 |
Document Fiscal Period Focus | Q3 |
Amendment Flag | false |