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Mar 31, 2020
Cerus Q1 2020 Earnings Report
Cerus's financial performance for Q1 2020 was announced, featuring revenue growth and strategic advancements.
Key Takeaways
Cerus Corporation reported a total revenue of $24.6 million for Q1 2020, with product revenue reaching $18.6 million, a 6% increase year-over-year. The company reaffirmed its full-year product revenue guidance of $89 million to $93 million. Net loss for the quarter was $16.5 million, or $0.10 per diluted share, improved from a net loss of $18.8 million, or $0.14 per diluted share, in Q1 2019.
Total revenue for Q1 2020 reached $24.6 million.
Product revenue increased by 6% to $18.6 million compared to the prior year quarter.
Government contract revenue was reported at $6.0 million.
2020 full year product revenue guidance was reaffirmed at $89 million to $93 million.
Cerus
Cerus
Cerus Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.comEurope, Middle East and Africa Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
The company expects 2020 product revenue to be in the range of $89 million to $93 million, unchanged from the prior guidance originally provided on January 13, 2020. The guidance range represents approximately 20% to 25% growth compared to 2019 reported product revenue.
Revenue & Expenses
Visualization of income flow from segment revenue to net income