RTTNews | Aug 13, 2021 10:10AM EDT

10:10 Friday, August 13, 2021 (RTTNews.com) - Shares of Seer Inc. (SEER) are rising over 6% Friday morning, after the company a narrower-than-expected loss per share and upbeat revenue for the second quarter.

The stock, which has been trading between $26.48 and $86.55 for the past one year, is currently trading at $31.66, up $1.81 or 6.06%, with trading volume of over 119K versus an average volume of 454K shares.

Second-quarter net loss was $16.6 million compared to a loss of $6.1 million last year. On a per share basis, loss narrowed to $0.27 from $0.63 incurred a year ago.

Revenue for the quarter amounted to $1.3 million, higher than the previous year's revenue of $71,000, reflecting the commencement of sales of the company's Proteograph Product Suite and services performed for PrognomIQ.

Analysts polled by Thomson Reuters expected a loss of $0.28 per share and revenue of $790 thousand for the quarter. Analysts' estimate typically exclude certain special items.

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