secwatch.observer — SEC 8-K summary
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Issuer:     CERUS CORP (CERS)
CIK:        0001020214
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000950170-23-037123
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1020214/000095017023037123/0000950170-23-037123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1020214/000095017023037123/cers-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-037123

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