secwatch.observer — SEC 8-K summary
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Issuer:     CERUS CORP (CERS)
CIK:        0001020214
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001193125-23-053823
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1020214/000119312523053823/0001193125-23-053823-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1020214/000119312523053823/d467053d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-053823

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer