earnings
confidence high
sentiment positive
materiality 0.75
Cerus Q2 product revenue up 10% YoY to $57.4M; raises 2026 guidance
CERUS CORP
- Net loss narrowed to $2.9M ($0.01/sh) from $5.7M loss; non-GAAP adjusted EBITDA positive $3.0M.
- Product gross margin fell to 51.4% from 55.2% due to weaker USD and inflation.
- IFC sales in U.S. grew to $6.7M; full-year IFC guidance raised to $23-25M (40-50% YoY growth).
- Submitted PMA for next-gen LED illuminator INT200 to FDA; decision expected early 2027.
- Completed debt refinancing with $30M term loan reduction; BARDA contract expanded by $21.9M to $270.5M.