Business
Cerus Corporation Announces Another Record Quarter and Reiterates Full Year 2022 Product Revenue Guidance Range
Second Quarter 2022 is Highest Product Revenue in Company History Total Revenue of $47.6 Million Grew 26% YoY in the Second Quarter Product Revenue of $41.0
About this update from Cerus Corporation
[{"type":"text","content":"\nSecond Quarter 2022 is Highest Product Revenue in Company History\n\nTotal Revenue of $47.6 Million Grew 26% YoY in the Second Quarter\n\nProduct Revenue of $41.0 Million Grew 30% YoY in the Second Quarter\n\nReiterating Full-Year 2022 Product Revenue Guidance Range of $160-165 Million\n\n CONCORD, Calif.--(BUSINESS WIRE)--\nCerus Corporation (Nasdaq: CERS) today announced financial results for the second quarter ended June 30, 2022.\n\nRecent developments and highlights include:\n\n\nSecond quarter 2022 total revenue of $47.6 million, reflecting a 26% increase over the prior year period. Total revenue was composed of (in thousands, except %):\n\n\n\n\n \n\n\n\n \n\n\n\nThree Months Ended\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\nSix Months Ended\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\nJune 30,\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\nJune 30,\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n2022\n\n\n\n \n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n \n\n\n\nChange\n\n\n\n \n\n\n\n \n\n\n\n2022\n\n\n\n \n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n \n\n\n\nChange\n\n\n\n\n\nProduct revenue\n\n\n\n \n\n\n\n$\n\n\n\n40,999\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n31,484\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n30\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n78,443\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n54,863\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n43\n\n\n\n%\n\n\n\n\n\nGovernment contract revenue\n\n\n\n \n\n\n\n \n\n\n\n6,632\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n6,279\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n6\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n12,208\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n12,466\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n(2\n\n\n\n%)\n\n\n\n\n\nTotal revenue\n\n\n\n \n\n\n\n$\n\n\n\n47,631\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n37,763\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n26\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n90,651\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n67,329\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n35\n\n\n\n%\n\n\n\n\n\nAs of the date of this release, the Company is reiterating its 2022 annual product revenue guidance range of $160 million to $165 million, representing a 22% to 26% increase over full-year 2021 reported product revenue.\n\n\nSecond quarter 2022 net loss attributable to Cerus Corporation of $8.4 million, or $0.05 per basic and diluted share, reflecting an improvement of $7.0 millio...