Seer booked second-quarter 2026 revenue of $3.1 million, down 23% from the same period last year.
Net loss narrowed to $16.9 million, or $0.31 per share, from $19.4 million or $0.33 per share.
Gross margin was 49% with gross profit of $1.5 million, while operating expenses fell 19% to $18.3 million.
Cash, cash equivalents, and investments ended at $209.5 million; the company reported free cash flow of -$25.3 million for the first half.
Seer reaffirmed its 2026 revenue outlook of $16 million to $18 million; it is strengthening its commercial team, beginning IP enforcement, and repurchased 200,000 shares.
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