Cerus Q2 net loss $13.3M, cuts FY product revenue guidance to $160-165M

CERUS CORP

2023-Q2 EPS reported -$0.16

Q2 total revenue $47.7M (product $38.9M, govt $8.9M); net loss $13.3M ($0.07/sh) vs $8.4M loss a year ago.
Full-year 2023 product revenue guidance lowered to $160-165M from $165-170M due to U.S. shelf-life, Europe collections, Russia sanctions.
Recorded $2.1M restructuring charge; expects $10M annual operating expense savings from headcount and real estate reductions.
Non-GAAP adjusted EBITDA negative $4.7M vs negative $2.4M in Q2 2022; cash and investments $84.5M.
INTERCEPT RBC CE Mark decision expected H2 2024; U.S. Phase 3 ReCePI data readout Q1 2024; DoD awarded additional $8.7M for LyoIFC.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

CERUS CORP reported second quarter ended June 30, 2023 results: revenue $47.7 million, net income $13.3 million, EPS $0.07 per basic and diluted share. Guidance lowered.

Period: second quarter ended June 30, 2023
Revenue: $47.7 million
Net income: $13.3 million
EPS: $0.07 per basic and diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

Cerus Corporation (Nasdaq: CERS) today announced financial results for the second quarter ended June 30, 2023. Recent highlights include: • Second quarter 2023 total revenue of $47.7 million

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Source: SEC EDGAR

accession 0000950170-23-037123

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