secwatch.observer — SEC 8-K summary
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Issuer:     CERUS CORP (CERS)
CIK:        0001020214
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000950170-23-058154
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CERS Q3 product revenue $39.8M, net loss $7.3M; FY product revenue guidance cut to $155-158M
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- Total Q3 revenue $47.3M ($39.8M product, $7.5M govt); net loss $7.3M ($0.04/share) vs $8.5M loss year ago.
- Non-GAAP adjusted EBITDA -$1.0M, improved from -$2.7M; reaffirms Q4 2023 breakeven target.
- Full-year 2023 product revenue guidance revised to $155-158M, citing delay in signing IFC sales agreement.
- Completed Phase 3 ReCePI study enrollment; top-line data expected Q1 2024.
- Cash and investments $79M at Sep 30, down from $102.2M at Dec 31, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1020214/000095017023058154/0000950170-23-058154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1020214/000095017023058154/cers-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-058154

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