NASDAQ$CERS

Cerus Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Announced record third quarter financial results and raised full-year product revenue guidance.

Cerus Corporation reported a 44% increase in total revenue for Q3 2021, reaching $42.1 million, with product revenue growing by 53% to $36.1 million, driven by U.S. adoption of INTERCEPT platelets. The company raised its full-year product revenue guidance to $127-129 million.

  • Total revenue reached $42.1 million, a 44% increase year-over-year.
  • Product revenue grew 53% to $36.1 million compared to the prior year period.
  • The company is increasing its 2021 annual product revenue guidance range to $127 million to $129 million.
  • Cumulative sales for the INTERCEPT Blood System surpassed 10 million treatable doses globally.

Headline financials

Total Revenue

$36.1M

Previous: $23.6M+53.1%
EPS (adj)

-$0.07

Previous: -$0.08+12.5%
Capital Expenditures

$221K

No prior period
Free Cash Flow

-$6.8M

No prior period
Net Income

-$12.4M

Previous: -$14.1M+12.0%
Operating Income

-$11.1M

No prior period
Gross Profit

$18.5M

No prior period
Cash & Equivalents

$78.5M

Previous: $29M+171.0%
Total Assets

$219M

No prior period
Stock-Based Comp

$5.89M

No prior period

Revenue & EPS history

Cerus · Revenue · Quarterly

$36.1M

Q3 2021+53.1%vs Q3 2020
Beat estimate in 1 of 16 quarters(6%)
ActualEstimate

Revenue by segment

Cerus · $42.1M total across 2 segments · Q3 2021

  • Product Revenue
    $36.1M+53.1%
  • Government Contract Revenue
    $5.97M+6.6%

Forward guidance

Based on strong product revenue year to date and updated demand estimates heading into the remainder of the Company’s fourth quarter, the Company now expects 2021 product revenue to be in the range of $127 million to $129 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-0.4%

Avg return

Earnings day

+1.0%

Avg return

5 days after

-0.8%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+27.5%

Q3 2017

Best reaction

-19.6%

Q1 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.7%+34.9%+58.3%
Q4 2025-17.3%-23.7%-26.5%
Q3 2025-2.8%+0.0%+21.4%
Q2 2025+0.8%-2.3%+3.9%
Q1 2025+2.3%+0.0%-2.3%
Q4 2024-5.2%-5.7%-12.1%
Q3 2024-7.6%-8.2%+8.8%
Q1 2024-5.8%+7.6%+4.1%
Q4 2023+14.2%+6.6%-10.8%
Q3 2023+25.4%+25.4%+21.0%
Q2 2023-17.8%-26.3%-35.4%
Q1 2023-0.9%-6.1%-1.7%
Q4 2022-7.0%+2.1%-1.4%
Q3 2022+7.7%+6.0%+18.9%
Q2 2022-4.5%-12.7%-32.8%
Q1 2022+2.9%-2.7%-2.3%
Q4 2021-2.1%+8.6%+3.6%
Q3 2021+14.5%+16.0%+1.5%
Q2 2021+21.1%+21.9%+28.2%
Q1 2021+2.7%+4.8%-7.7%
Q4 2020-8.6%-3.9%-11.3%
Q3 2020-5.4%-0.4%+18.6%
Q2 2020-1.8%-4.7%-17.7%
Q1 2020+2.1%+5.2%+12.5%
Q4 2019-1.0%-6.0%-39.2%
Q3 2019-4.4%-3.7%-4.6%
Q2 2019-8.7%-13.5%-8.2%
Q1 2019-12.3%-15.2%-27.3%
Q4 2018+2.8%+6.5%-3.7%
Q3 2018-4.9%-13.4%-21.6%
Q2 2018-5.9%-4.8%+4.1%
Q1 2018+11.9%+17.1%+17.8%
Q4 2017+2.1%+7.5%+9.0%
Q3 2017+27.5%+26.4%+40.9%
Q2 2017+3.6%+7.1%+6.7%
Q1 2017-19.6%-28.3%-44.5%
Q4 2016-7.8%+5.0%+0.7%
Q3 2016+6.4%+15.0%+10.2%
Q2 2016+1.8%-4.5%-11.3%
Q1 2016-6.6%
Q4 2015+0.5%
Q3 2015+4.5%
Q2 2015-2.5%
Q1 2015+0.3%
Q4 2014-12.7%
Q3 2014-5.8%
Q2 2014+4.8%
Q1 2014+4.4%
Q4 2013-15.7%
Q3 2013-6.1%
Q2 2013+6.7%
Q1 2013-9.7%
Q4 2012+14.0%
Q3 2012-1.9%
Q2 2012-2.7%
Q1 2011+0.5%
Q1 2012+1.5%
Q4 2009+0.8%
Q4 2011+0.8%
Q3 2010+1.4%
Q3 2011+1.4%
Q2 2010-2.8%
Q2 2011-2.8%
Q4 2010-2.8%
Q1 2010-2.0%

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