Business
Cerus Corporation Announces Fourth Quarter and Full-Year 2023 Financial Results
Sequential Revenue Growth in the Fourth Quarter Driven by Sales in North America Narrowed GAAP Net Loss Attributable to Cerus Corporation to $1.3 Million for
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[{"type":"text","content":"\nSequential Revenue Growth in the Fourth Quarter Driven by Sales in North America\n\n\nNarrowed GAAP Net Loss Attributable to Cerus Corporation to $1.3 Million for the Fourth Quarter and Achieved Goal of Adjusted EBITDA Breakeven for the Fourth Quarter\n\n\nReiterating Full-Year 2024 Product Revenue Guidance Range of $172-175 Million\n\n\n CONCORD, Calif.--(BUSINESS WIRE)--\nCerus Corporation (Nasdaq: CERS) today announced financial results for the fourth quarter and full year ended December 31, 2023.\n\n\nRecent highlights include:\n\n\n\nFourth-quarter 2023 and full-year 2023 total revenue was comprised of (in thousands, except %):\n\n\n\n\n\n \n\n\n\n\n\n\nThree Months Ended\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nTwelve Months Ended\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nDecember 31,\n\n\n\n\n\n\n \n\n\n\n\n\n\nChange\n\n\n\n\n\n\n \n\n\n\n\n\n\nDecember 31,\n\n\n\n\n\n\n \n\n\n\n\n\n\nChange\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2022\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\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\n\n \n\n\n\n\n\n\n2023\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\n\n\n$\n\n\n\n\n\n\n \n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nProduct Revenue\n\n\n\n\n\n\n$\n\n\n\n\n\n\n46,768\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n44,034\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n2,734\n\n\n\n\n\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\n\n$\n\n\n\n\n\n\n156,367\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n162,048\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(5,681\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n-4\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nGovernment Contract Revenue\n\n\n\n\n\n\n \n\n\n\n\n\n\n6,574\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n7,287\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(713\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n-10\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n30,430\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n26,267\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n4,163\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n16\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nTotal Revenue\n\n\n\n\n\n\n$\n\n\n\n\n\n\n53,342\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n51,321\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\...