Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Jul 30, 2026
AI Summary
Q2 2026

Revenue: Cerus posted second-quarter product revenue of $57.4 million, up 10% year over year, and said demand remained strong across product categories.

Guidance: Management raised full-year 2026 product revenue guidance to $229 million to $231 million and lifted IFC revenue guidance to $23 million to $25 million.

IFC Growth: U.S. IFC revenue reached $6.7 million, and management said kit adoption, BCA partnerships, and hospital activations are driving momentum.

Margins: Product gross margin was 51.4%, pressured by a stronger euro and inflation, but management still expects 2026 gross margins to stay in the low 50s.

Pipeline: Cerus submitted the INT200 platelet PMA to the FDA and remains on track for top-line RedeS red blood cell data in the fourth quarter.

Balance Sheet: A debt refinancing reduced term debt by $30 million and is expected to cut annual interest expense by up to $3.5 million.

Key Financials
Product revenue
$57.4 million
Product revenue
$111.1 million
IFC revenue
$6.7 million
IFC demand
up 43%
Product gross margin
51.4%
GAAP net loss attributable to Cerus
$2.9 million
Adjusted EBITDA
$3 million
Cash used in operations
$2.7 million
Government contract revenue
$5.9 million
R&D expense
down 24%
SG&A expense
up 8%
Debt reduction
$30 million
Interest expense savings
up to $3.5 million
BARDA contract value
just over $270 million
Transferred doses produced worldwide
nearly 24 million
Earnings Call Recording

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