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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.
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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