Cerus reports record Q4 product revenue of $44.0M, up 10% YoY; reiterates FY2023 guidance $165-170M

CERUS CORP

2022-FY EPS reported -$0.24 revenue$188,315,000

Q4 product revenue $44.0M (+10% YoY); full-year product revenue $162.0M (+24% YoY).
Q4 net loss $13.6M ($0.08/sh) vs $9.1M ($0.05/sh) prior year; full-year net loss $42.8M ($0.24/sh) vs $54.4M ($0.32/sh).
Product gross margin Q4 55.7% (record), up from 51.1% prior year; full-year 53.7% vs 51.5%.
Cash and investments $102.2M at Dec 31, 2022; reiterates FY2023 product revenue guidance $165-170M.
Non-GAAP Adjusted EBITDA improved to -$3.7M Q4 from -$4.3M prior year; full-year -$12.4M from -$29.5M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CERUS CORP reported the fourth quarter ended December 31, 2022 results: revenue $44.0 million, net income $13.6 million, EPS $0.08 per basic and diluted share. Guidance reaffirmed.

Period: the fourth quarter ended December 31, 2022
Revenue: $44.0 million
Net income: $13.6 million
EPS: $0.08 per basic and diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Exhibit 99.1 Cerus Corporation Announces Record Fourth Quarter and Full-Year 2022 Financial Results Strong Revenue Growth Driven by Sales in North America Product Revenue of $44.0 Million Grew 10% YoY in the Fourth Quarter Reiterating Full-Year 2023 Product Revenue Guidance Range of $165-170 Million CONCORD, CA, February 28, 2023 - Cerus Corporation (Nasdaq: CERS)

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Source: SEC EDGAR

accession 0001193125-23-053823

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