Sera Prognostics Announces Conference Call and Webcast of First Quarter Fiscal Year 2023 Financial Results on May 10, 2023

Rhea-AI Summary

Sera Prognostics (NASDAQ: SERA), focused on enhancing maternal and neonatal health through innovative pregnancy biomarker information, will report its first-quarter fiscal 2023 financial results on May 10, 2023. The report will follow a conference call at 5:00 PM ET, where operational highlights and financial results will be discussed. The PreTRM® Test, developed by Sera, predicts preterm birth risk, allowing for early interventions and potentially reducing healthcare costs associated with complications. The firm emphasizes its commitment to improving pregnancy care and health outcomes for mothers and newborns, while navigating various risks related to its revenue reliance on the PreTRM Test and potential market competition.

Positive

• Upcoming financial results may provide insights on growth and operational success.
• Focus on innovative diagnostics like the PreTRM® Test enhances market position.
• Commitment to reducing healthcare costs associated with pregnancy complications.

Negative

• Dependence on the PreTRM Test for substantially all revenue raises risk.
• Future growth may be hampered by market competition and acceptance issues.
• Potential need for capital raises due to net losses and cash generation challenges.

SALT LAKE CITY, April 27, 2023 /PRNewswire/ -- Sera Prognostics Inc., The Pregnancy Company^® (NASDAQ: SERA), focused on improving maternal and neonatal health by providing innovative pregnancy biomarker information to doctors and patients, today announced that it will report first quarter fiscal year 2023 financial results on Wednesday, May 10, 2023, after the close of the market. The Company will host a corresponding conference call and live webcast to discuss operational highlights, financial results and key topics at 5:00 p.m. Eastern Time. A press release outlining the financial results and highlights will be publicly distributed before the call.

Conference Call Details:

US domestic callers: (866) 218-2405

International callers: (412) 902-6607

Webcast Registration Link: https://app.webinar.net/YPlZL7A5y82

Live audio of the webcast will be available online from the Investors page of the Company's website at www.seraprognostics.com. The webcast will be archived on the Investors page and will be available for one year.

About Sera Prognostics, Inc.

Sera Prognostics is a leading health diagnostics company dedicated to improving the lives of women and babies through precision pregnancy care. Sera's mission is to provide early, pivotal pregnancy information to improve the health of mothers and newborns, resulting in reductions in the costs of healthcare delivery. Sera has a robust pipeline of innovative diagnostic tests focused on the early prediction of preterm birth risk and other complications of pregnancy. Sera's precision medicine PreTRM^® Test reports to a physician the individualized risk of spontaneous premature delivery in a pregnancy, enabling earlier proactive interventions in women with higher risk. Sera Prognostics is located in Salt Lake City, Utah.

About Preterm Birth

Preterm birth is defined as any birth before 37 weeks' gestation and is the leading cause of illness and death in newborns. The 2022 March of Dimes Report Card shows that, for the last four consecutive years, more than one in ten infants is born prematurely. Prematurity is associated with a significantly increased risk of major long-term medical complications, including learning disabilities, cerebral palsy, chronic respiratory illness, intellectual disability, seizures, and vision and hearing loss, and can generate significant costs throughout the lives of affected children. The annual health care costs to manage short- and long-term complications of prematurity in the United States were estimated to be approximately $25 billion for 2016.

About the PreTRM^® Test

The PreTRM^® Test is the only broadly validated, commercially available blood-based biomarker test that provides an early, accurate and individualized risk prediction for spontaneous preterm birth in asymptomatic singleton pregnancies. The PreTRM^® Test measures and analyzes proteins in the blood that are highly predictive of preterm birth. The PreTRM^® Test permits physicians to identify, during the weeks 18 through 20 of pregnancy, which women are at increased risk for preterm birth and its complications, enabling more informed, personalized clinical decisions based on each woman's individual risk. The PreTRM^® Test is ordered by a medical professional.

Sera Prognostics, the Sera Prognostics logo, The Pregnancy Company, and PreTRM are trademarks or registered trademarks of Sera Prognostics, Inc. in the United States and/or other countries.

Safe Harbor Statement

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the date, time and content of the Company's quarterly earnings release and conference call; and the company's strategic directives under the caption "About Sera Prognostics, Inc." These "forward-looking statements" are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by forward-looking statements. These risks and uncertainties include, but are not limited to: net losses, cash generation, and the potential need to raise more capital; revenues from the PreTRM Test representing substantially all Company revenues to date; the need for broad scientific and market acceptance of the PreTRM Test; a concentrated number of material customers; our ability to introduce new products; potential competition; our proprietary biobank; critical suppliers; the COVID-19 pandemic and its potential lingering impact on our operations, as well as the business or operations of third parties with whom we conduct business; estimates of total addressable market opportunity and forecasts of market growth; potential third-party payer coverage and reimbursement; new reimbursement methodologies applicable to the PreTRM Test, including new CPT codes and payment rates for those codes; changes in FDA regulation of laboratory-developed tests; the intellectual property rights protecting our tests and market position; and other factors discussed under the heading "Risk Factors" contained in our Final Prospectus on Form S-1, which was filed with the Securities and Exchange Commission on July 14, 2021, as well as any updates to those risk factors filed from time to time in our Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K, or Current Reports on Form 8-K. All information in this press release is as of the date of the release, and the Company undertakes no duty to update this information unless required by law.

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SOURCE Sera Prognostics, Inc.

FAQ

When will Sera Prognostics report its Q1 financial results for 2023?

Sera Prognostics will report its Q1 financial results on May 10, 2023.

What is the PreTRM Test offered by Sera Prognostics?

The PreTRM Test predicts the risk of spontaneous preterm birth using a blood-based biomarker.

What are the risks mentioned by Sera Prognostics in their press release?

Risks include reliance on the PreTRM Test for revenue, competition in the market, and potential capital needs.

What is Sera Prognostics' mission?

Sera Prognostics aims to improve maternal and neonatal health through precision pregnancy care.

What time is the conference call scheduled for May 10, 2023?

The conference call is scheduled for 5:00 PM Eastern Time.