Cerus reports preliminary Q4 product revenue $46.8M; FY 2024 guidance $172-175M

CERUS CORP

2023-FY EPS reported -$0.21 revenue$186,797,000

Preliminary Q4 2023 product revenue $46.8M, +6% YoY and +18% sequential; FY 2023 revenue $156.4M in line with guidance.
FY 2024 product revenue guidance $172-175M (10-12% growth); expects adjusted EBITDA breakeven for Q4 2023.
Q1 2024 revenue growth expected in high-teens to low-20s % due to seasonality and unusual Q1 2023 base.
Top-line ReCePI phase 3 readout for INTERCEPT RBCs expected Q1 2024; CE Mark decision anticipated H2 2024.

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