Cerus Corp
NASDAQ:CERS

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Cerus Corp
NASDAQ:CERS
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Price: 2.4 USD -3.61% Market Closed
Market Cap: $461m

Cerus Corp
Investor Relations

Cerus Corp. engages in the research, development, and manufacturing of biomedical and surgical products. The company is headquartered in Concord, California and currently employs 294 full-time employees. The company is focused on developing and commercializing the INTERCEPT Blood System to enhance blood safety. Its INTERCEPT Blood System, which is based on its technology for controlling biological replication, is designed to reduce blood-borne pathogens in donated blood components intended for transfusion. Its INTERCEPT Blood System is intended for use with blood components and certain of their derivatives, such as plasma, platelets, red blood cells. Its product or product candidates under development includes INTERCEPT Blood System-Platelets, INTERCEPT Blood System-Plasma, INTERCEPT Blood System-Red Blood Cells and INTERCEPT Blood System-Cryoprecipitation. The INTERCEPT Blood System is designed to target and inactivate blood-borne pathogens, such as viruses, bacteria and parasites, as well as potentially harmful white blood cells, while preserving the therapeutic properties of platelet, plasma and red blood cell transfusion products.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Record Revenue: Cerus reported record Q3 product revenue of $52.7 million, a 15% year-over-year increase, driven by strong demand for platelets and growing adoption of IFC.

Guidance Raised: The company raised its full year 2025 product revenue guidance to $202–204 million, citing robust execution and increased conviction in growth projections.

IFC Growth: IFC product revenue jumped nearly 70% year-over-year, with a shift toward kit sales to blood centers, improving margins and streamlining distribution.

Gross Margin Pressures: Product gross margins declined to 53.4% from 56.9% last year due to tariffs, inflation, and increased IFC production costs, but management expects margin expansion once headwinds ease.

Profitability: Cerus achieved its sixth consecutive quarter of positive non-GAAP adjusted EBITDA and expects to deliver positive full-year adjusted EBITDA for 2025.

International Expansion: Initial shipments to Germany and strong EMEA performance, particularly with INT200 installations, are driving growth outside the U.S.

Positive Cash Flow: Cerus generated positive operating cash flow in Q3 and expects to remain cash flow positive for the full year.

Key Financials
Product Revenue
$52.7 million
Product Revenue (First 9 Months)
$148.4 million
IFC Product Revenue
$3.9 million
Government Contract Revenue
$7.5 million
Product Gross Profit
$28.1 million
Product Gross Margin
53.4%
Operating Expenses
$34.4 million
R&D Expenses
$15.8 million
SG&A Expenses
$18.6 million
Net Loss Attributable to Cerus
Essentially breakeven
Non-GAAP Adjusted EBITDA
$5 million
Non-GAAP Adjusted EBITDA (year-to-date)
$6.1 million
Cash, Cash Equivalents and Short-term Investments
$78.5 million
Operating Cash Flow (Q3)
$1.9 million
Net Cash Used (9 months)
$1.4 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. William M. Greenman
President, CEO & Director
No Bio Available
Mr. Kevin D. Green CPA
VP of Finance & CFO
No Bio Available
Mr. Vivek K. Jayaraman
Chief Operating Officer
No Bio Available
Ms. Chrystal Jensen J.D.
Chief Legal Officer & General Counsel
No Bio Available
Dr. Richard J. Benjamin MBChB, Ph.D.
Chief Medical Officer
No Bio Available
Dr. Laurence M. Corash M.D.
Co-Founder & Chief Scientific Officer
No Bio Available
Mr. Matthew M. Notarianni
Senior Director of Investor Relations
No Bio Available
Lainie Corten
Vice President of Global Marketing
No Bio Available
Ms. Alicia Goodman
Chief Human Resources Officer
No Bio Available
Ms. Carol M. Moore
Senior Vice President of Regulatory Affairs, Quality & Clinical
No Bio Available

Contacts

Address
CALIFORNIA
Concord
1220 Concord Ave Ste 600
Contacts
+19252886000.0
www.cerus.com