Seer, Inc. ranked No. 57 on Deloitte's Technology Fast 500, achieving 2,440% revenue growth.
Quiver AI Summary
Seer, Inc., a life sciences company focused on advancing proteomics, has been recognized as the 57th fastest-growing company in North America by Deloitte's Technology Fast 500, achieving an impressive 2,440% revenue growth from 2020 to 2023. The company's President and CFO, David Horn, attributes this remarkable growth to the heightened adoption of Seer's Proteograph Product Suite and groundbreaking research outcomes from its customers in various medical fields. 2024 has been significant for Seer, marked by the establishment of a technology access center in Europe, involvement in the SpaceX Inspiration4 mission, and a new partnership with Thermo Fisher Scientific. Seer's Proteograph platform allows for extensive and efficient proteomic analysis, designed for integration in diverse laboratory settings.
Potential Positives
- Seer, Inc. achieved 2,440% revenue growth, underscoring its strong market position and demand for its innovative proteomics technology.
- Ranked No. 57 on the Deloitte Technology Fast 500™, highlighting Seer's rapid growth and recognition within the technology sector.
- The company launched a technology access center in Europe, indicating expansion and increasing global presence.
- Seer's Proteograph platform was utilized on the SpaceX Inspiration4 mission, showcasing its advanced capabilities and credibility in prestigious projects.
Potential Negatives
- Seer's significant drop in ranking from No. 5 in 2023 to No. 57 in 2024 may indicate a potential slowdown in growth compared to peers, raising concerns about its competitive position.
- The press release does not specify how Seer's growth compares to industry trends, which could leave investors questioning the sustainability of its revenue growth in a rapidly changing market.
- The mention of the Proteograph Product Suite being "for research use only" may limit the potential market size and applications of their technology, potentially impacting future revenue growth.
FAQ
What is Seer's ranking on the Deloitte Technology Fast 500?
Seer ranked No. 57 on the 2024 Deloitte Technology Fast 500, reflecting significant company growth.
How much did Seer's revenue grow during the ranking period?
Seer experienced a remarkable 2,440% revenue growth from 2020 to 2023.
What is the Proteograph Product Suite?
The Proteograph Product Suite is Seer's integrated solution for deep, unbiased proteomic analysis.
What recent achievements contributed to Seer's growth?
Achievements include a technology access center in Europe and partnerships with leading organizations like Thermo Fisher Scientific.
What does the Deloitte Technology Fast 500 recognize?
This program recognizes the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SEER Insider Trading Activity
$SEER insiders have traded $SEER stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $SEER stock by insiders over the last 6 months:
- DIPCHAND NISHAR sold 12,109 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SEER Hedge Fund Activity
We have seen 24 institutional investors add shares of $SEER stock to their portfolio, and 75 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ARTAL GROUP S.A. removed 4,750,000 shares (-100.0%) from their portfolio in Q3 2024
- CAPITAL WORLD INVESTORS removed 2,056,000 shares (-100.0%) from their portfolio in Q3 2024
- ACADIAN ASSET MANAGEMENT LLC added 363,306 shares (+20.2%) to their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC removed 340,172 shares (-37.6%) from their portfolio in Q3 2024
- NORTHERN TRUST CORP removed 335,651 shares (-76.2%) from their portfolio in Q3 2024
- AMERIPRISE FINANCIAL INC removed 327,545 shares (-90.5%) from their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC removed 302,726 shares (-67.9%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
REDWOOD CITY, Calif., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Seer, Inc. (Nasdaq: SEER), a leading life sciences company commercializing a disruptive new platform for proteomics, today announced it ranked No. 57 on the Deloitte Technology Fast 500 ™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 30th year. Seer grew 2,440% during this period.
Seer’s President and CFO, David Horn, credits increased adoption of Seer’s Proteograph Product Suite, as well as new discoveries made by its customers across neurodegenerative disease, cancer, and metabolic disease, with the company’s 2,440% revenue growth.
"This has been an exciting year for Seer, from the launch of our technology access center in Europe, to seeing our Proteograph platform used by astronauts on the SpaceX Inspiration4 mission, to the recent announcement of our co-marketing and sales agreement with Thermo Fisher Scientific,” Horn said. “We’re proud to see continuing validation of our work providing customers and the broader scientific community with the power to enable deep proteomic insights at a scale and price point that hasn’t been possible before."
Seer previously ranked No. 5 as a Technology Fast 500 award winner for 2023.
Overall, 2024 Technology Fast 500 companies achieved revenue growth ranging from 201% to 153,625% over the three-year time frame, with an average growth rate of 1,981% and median growth rate of 460%.
About the 2024 Deloitte Technology Fast 500 :
Now in its 30th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Seer :
Seer is a life sciences company developing transformative products that open a new gateway to the proteome. Seer’s Proteograph Product Suite is an integrated solution that includes proprietary engineered nanoparticles, consumables, automation instrumentation and software to perform deep, unbiased proteomic analysis at scale in a matter of hours. Seer designed the Proteograph workflow to be efficient and easy to use, leveraging widely adopted laboratory instrumentation to provide a decentralized solution that can be incorporated by nearly any lab. Seer’s Proteograph Product Suite is for research use only and is not intended for diagnostic procedures. For more information, please visit www.seer.bio .
Media Contact: Patrick Schmidt pr@seer.bio
Investor Contact: Carrie Mendivil investor@seer.bio
About Deloitte :
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future . Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people worldwide connect for impact at www.deloitte.com .
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