Three Months Ended June 30,
|
Six Months Ended June 30,
| |||||||
2021
|
2020
|
2021
|
2020
| |||||
Revenue:
| ||||||||
Product
| $ | 837 | $ | - | $ | 837 | $ | - |
Related party
|
380
|
-
|
380
|
-
| ||||
Grant
|
117
|
71
|
179
|
248
| ||||
Total revenue
|
1,334
|
71
|
1,396
|
248
| ||||
Cost of revenue:
| ||||||||
Product
|
504
|
-
|
504
|
-
| ||||
Related party
|
82
|
-
|
82
|
-
| ||||
Total cost of revenue
|
586
|
-
|
586
|
-
| ||||
Gross profit
|
748
|
71
|
810
|
248
| ||||
Operating expenses:
| ||||||||
Research and development
|
6,935
|
4,536
|
13,162
|
8,758
| ||||
Selling, general and administrative
|
10,484
|
1,902
|
20,816
|
3,682
| ||||
Total operating expenses
|
17,419
|
6,438
|
33,978
|
12,440
| ||||
Loss from operations
|
(16,671)
|
(6,367)
|
(33,168)
|
(12,192)
| ||||
Other income (expense):
| ||||||||
Interest income
|
55
|
250
|
123
|
582
| ||||
Total other income (expense)
|
55
|
250
|
123
|
582
| ||||
Net loss
| $ | (16,616) | $ | (6,117) | $ | (33,045) | $ | (11,610) |
Other comprehensive loss:
| ||||||||
Unrealized gain (loss) on available-for-sale securities
|
(62)
| (255) |
(88)
|
278
| ||||
Comprehensive loss
| $ | (16,678) | $ | (6,372) | $ | (33,133) | $ | (11,332) |
Net loss per share attributable to common stockholders, basic and diluted
| $ | (0.27) | $ | (0.63) | $ | (0.55) | $ | (1.25) |
Weighted-average common shares outstanding, basic and diluted
|
60,841,657
|
9,718,393
|
60,367,433
|
9,320,520
|
June 30,
|
December 31,
| ||||
2021
|
2020
| ||||
ASSETS
| |||||
Current assets:
| |||||
Cash and cash equivalents
| $ | 370,675 |
$
| $ | 333,585 |
Investments
|
147,098
|
98,278
| |||
Accounts receivable, net
|
896
|
-
| |||
Related party receivables
|
439
|
99
| |||
Other receivables
|
340
|
163
| |||
Inventory
|
2,670
|
551
| |||
Prepaid expenses and other current assets
|
3,208
|
452
| |||
Total current assets
|
525,326
|
433,128
| |||
Property and equipment, net
|
10,776
|
8,441
| |||
Restricted cash
|
524
|
343
| |||
Other assets
|
423
|
407
| |||
Total assets
| $ | 537,049 |
$
| $ | 442,319 |
LIABILITIES AND STOCKHOLDERS' EQUITY
| |||||
Current liabilities:
| |||||
Accounts payable
| $ | 1,602 |
$
| $ | 2,115 |
Accrued expenses
|
5,590
|
5,147
| |||
Accrued research and development
|
490
|
396
| |||
Deferred revenue
|
445
|
250
| |||
Deferred rent, current
|
228
|
186
| |||
Total current liabilities
|
8,355
|
8,094
| |||
Deferred rent, net of current portion
|
2,248
|
1,899
| |||
Other noncurrent liabilities
|
402
|
717
| |||
Total liabilities
|
11,005
|
10,710
| |||
Commitments
| |||||
Stockholders' equity:
| |||||
Preferred stock, $0.00001 par value; 5,000,000 shares authorized as of June 30, 2021 and December 31, 2020; zero shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively; |
-
|
-
| |||
Class A common stock, $0.00001 par value; 94,000,000 shares authorized as of June 30, 2021 and December 31, 2020; 56,722,925 and 53,395,319 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively;
|
1
|
1
| |||
Class B common stock, $0.00001 par value; 6,000,000 shares authorized as of June 30, 2021 and December 31, 2020; 4,700,338 and 5,865,732 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively;
|
-
|
-
| |||
Additional paid-in capital
|
614,483
|
486,915
| |||
Accumulated other comprehensive income (loss)
|
(34)
|
54
| |||
Accumulated deficit
|
(88,406)
|
(55,361)
| |||
Total stockholders' equity
|
526,044
|
431,609
| |||
Total liabilities and stockholders' equity
| $ | 537,049 |
$
| $ | 442,319 |
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Seer Inc. published this content on 12 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2021 20:44:50 UTC.