Seer Inc
For the period ended Dec 31, 2023. Filed Mar 4, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 4, 2024
SEER$1.61-4.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| OPERATING ACTIVITIES | ||
| Net loss | $(86,277) | $(92,966) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | 34,424 | 33,673 |
| Depreciation and amortization | 5,578 | 3,942 |
| Loss on disposal of property and equipment | 399 | 332 |
| Net accretion of discount on available-for-sale securities | (11,548) | (833) |
| Provision for inventory excess and obsolescence | 872 | 507 |
| Non-cash operating lease expense | 211 | 1,655 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 302 | (2,874) |
| Prepaid expenses and other assets | (1,313) | (1,081) |
| Inventory | (1,948) | (1,590) |
| Accounts payable | (987) | (1,553) |
| Deferred revenue | 73 | (243) |
| Accrued liabilities and other liabilities | 1,149 | 251 |
| Net cash used in operating activities | (59,065) | (60,780) |
| INVESTING ACTIVITIES | ||
| Purchases of property and equipment | (7,309) | (10,265) |
| Proceeds from disposal of property and equipment | — | 170 |
| Purchases of available-for-sale securities | (403,092) | (366,268) |
| Proceeds from sale of available-for-sale securities | 2,990 | — |
| Proceeds from maturities of available-for-sale securities | 445,315 | 253,645 |
| Net cash provided by (used in) investing activities | 37,904 | (122,718) |
| FINANCING ACTIVITIES | ||
| Repurchase of Class A common stock | (13) | (20) |
| Proceeds from exercise of Class A common stock options | 97 | 3,138 |
| Proceeds from issuance of common stock in connection with employee stock purchase plan | 368 | 775 |
| Net cash provided by financing activities | 452 | 3,893 |
| Net decrease in cash, cash equivalents and restricted cash | (20,709) | (179,605) |
| Cash, cash equivalents and restricted cash, beginning of period | 53,732 | 233,337 |
| Cash, cash equivalents and restricted cash, end of period | $33,023 | $53,732 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES | ||
| Property and equipment purchases included in accounts payable and accrued expenses | $415 | $354 |
| Inventory transferred to property and equipment | $1,332 | $928 |
| Property and equipment transferred to inventory | $121 | $327 |
| Prepaid expenses and other assets transferred to fixed asset | $181 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.