Sera Prognostics, Inc. Stock Price, News & Analysis

Sera Prognostics, focused on maternal and neonatal health, reported its financial results for Q4 and full year 2022.

Q4 revenue increased to $65,000, up from $26,000 in Q4 2021. Full-year 2022 revenue reached $268,000, compared to $82,000 in 2021. Total operating expenses decreased to $10.5 million in Q4, down from $12.6 million in Q4 2021; however, full-year expenses rose to $45.9 million, up from $35.5 million.

The net loss for Q4 was $9.7 million, improved from $12.5 million the previous year. The company ended 2022 with approximately $104 million in cash and equivalents.

Sera Prognostics, Inc. (NASDAQ: SERA) will report its fourth quarter and full year 2022 financial results on March 22, 2023, after market close. A conference call to discuss the results will follow at 5:00 p.m. Eastern Time. The company is dedicated to improving maternal and neonatal health with its innovative pregnancy biomarker solutions, including the PreTRM® Test that predicts preterm birth risk. Sera's operational focus aims to enhance pregnancy care and reduce healthcare costs associated with complications from preterm births, which carry significant financial burdens estimated at $25 billion annually in the U.S.

Sera Prognostics, known as The Pregnancy Company (NASDAQ: SERA), announced its participation in two significant upcoming healthcare conferences: the Cowen Health Care Conference in Boston from March 6-8, 2023, and the Oppenheimer 33rd Annual Healthcare Conference virtually from March 13-15, 2023. CEO Gregory C. Critchfield will provide updates on the company's progress, including its innovative PreTRM® Test, which aids in predicting preterm birth risk. Both conferences will feature live webcasts available on the company's investor page, ensuring accessible information for stakeholders.

Sera Prognostics (NASDAQ: SERA) announced positive top-line results from the AVERT PRETERM TRIAL, showcasing significant improvements in neonatal health outcomes and reduced hospitalization duration. The study involved 1,453 expectant mothers and demonstrated statistically significant reductions in severe neonatal morbidity and mortality. Both primary outcomes were met, affirming the effectiveness of the PreTRM® test-and-treat strategy. These results build upon previous studies and support ongoing trials, including the large PRIME study. The PreTRM® Test provides crucial risk assessments for spontaneous preterm birth, aiming to enhance outcomes for mothers and infants.

Sera Prognostics (NASDAQ: SERA) partners with Fors Marsh to introduce the PreTRM® Test as part of employee maternity benefits, effective January 1, 2023. This innovative blood-based test provides early risk assessments for spontaneous preterm births, identifying nearly 90% of at-risk pregnancies. Fors Marsh aims to enhance workforce health and cut maternity costs through this offering. Sera asserts that the PreTRM® Test's predictive capabilities contribute significantly to improving maternal and neonatal health outcomes.

Sera Prognostics Inc. (NASDAQ: SERA) published results from the ACCORDANT study, demonstrating the clinical utility and cost-effectiveness of its PreTRM® test. The study showed that enhanced care management for at-risk pregnant women could reduce neonatal and maternal hospital stays by 19% and 8.5%, respectively. Moreover, it predicted a 29% decrease in neonatal morbidity and mortality rates. These benefits were significant across diverse racial and ethnic groups. The findings highlight the potential of the PreTRM® test to address healthcare disparities in preterm birth, affecting over 10% of U.S. births annually.

Sera Prognostics Inc. (Nasdaq: SERA) reported third-quarter 2022 revenue of $87,000, up from $23,000 in Q3 2021. Total operating expenses increased to $11.3 million from $9.5 million year-over-year. R&D expenses rose to $4.2 million due to heightened laboratory and clinical study costs, while SG&A expenses slightly increased to $7.0 million. The net loss was $10.7 million, compared to $9.9 million in Q3 2021. The company holds approximately $111.2 million in cash and equivalents as of September 30, 2022.

Sera Prognostics (Nasdaq: SERA) will report its third quarter fiscal year 2022 financial results on November 9, 2022, after market close. The company will host a conference call at 5:00 p.m. ET to discuss the financial results and operational highlights. Sera is focused on improving maternal and neonatal health through its precision medicine PreTRM® test, which predicts preterm birth risk. The company aims to enhance clinical decision-making for high-risk pregnancies, addressing a significant healthcare issue with estimated annual costs in the U.S. of $25 billion related to preterm birth.

Sera Prognostics, Inc. (NASDAQ: SERA) announces collaboration with Sonrava Health and Cerebrae to integrate its PreTRM® Test into Sonrava's employee maternity benefits. The PreTRM® Test, a clinically validated blood test, helps identify nearly 90% of pregnancies at risk for spontaneous preterm births, enabling proactive interventions. Through Cerebrae’s platform, value-based care strategies are evaluated, forecasting a positive ROI for Sonrava Health. This partnership aims to enhance maternal and neonatal health while promoting cost-effective healthcare solutions.