Cerus (CERS) FY2013 results: revenue $40 million, up 7.8% on the year
Cerus Corp. (CERS) reported revenue of $40 million for fiscal 2013, the year ended 31 December 2013, up 7.8% on the year before. Net income was -$43 million, and diluted earnings per share $-0.64. The figures are the company's own, from the 10-K it filed with the SEC on 7 March 2014.
Revenue
$40 million
+7.8% on the year
FY2009FY2013
Operating margin
-71.4%
-47.0% a year earlier
FY2009FY2013
Net income
-$43 million
FY2009FY2013
Diluted EPS
-$0.64
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
39.7
36.8
33.0
+7.8%
Cost of revenue
22.6
20.6
18.5
+9.6%
Gross profit
17.1
16.1
12.1
+6.1%
Gross margin
43.0%
43.7%
36.5%
Research and development
15.2
7.6
7.2
+99.8%
Selling, general and administrative
30.0
25.7
23.1
+16.8%
Operating income
-28.3
-17.3
-15.9
Operating margin
-71.4%
-47.0%
-48.2%
Interest expense
0.3
0.6
1.0
-39.7%
Pre-tax income
-43.1
-15.7
-16.8
Income tax
0.2
0.2
0.1
-9.9%
Net income
-43.3
-15.9
-17.0
Net margin
-109.3%
-43.3%
-51.4%
Diluted EPS
-$0.64
-$0.33
-$0.35
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
-26.8
-13.9
-15.6
Capital expenditure
0.7
0.1
0.2
+718.5%
Free cash flow
-27.5
-14.0
-15.8
Free cash flow margin
-69.2%
-38.1%
-47.8%
Cash from investing
-29.1
0.2
0.6
Cash from financing
58.6
14.9
11.6
+293.3%
Depreciation and amortisation
0.7
0.7
0.9
+0.1%
Share-based compensation
3.3
2.5
1.9
+28.6%
Diluted shares, weighted
68m
55m
48m
+22.7%
Shares outstanding at period end
72m
56m
51m
+27.7%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
42.8
19.1
18.3
+124.0%
Debt
3.4
7.8
7.3
-56.7%
Other liabilities
37.2
22.0
19.8
+68.9%
Total liabilities and equity
83.4
48.9
45.4
+70.4%
Fixed assets
2.2
1.7
2.0
+28.9%
Goodwill
1.3
1.3
1.3
0.0%
Intangible assets
1.3
1.5
1.7
-13.1%
Investments
28.2
0.0
0.3
Cash and equivalents
29.5
26.7
25.5
+10.4%
Receivables
6.1
4.4
6.1
+37.8%
Inventory
13.1
10.2
6.4
+28.3%
Other assets
1.7
3.0
1.9
-45.1%
Total assets
83.4
48.9
45.4
+70.4%
10-K for the year ended 31 December 2013, filed 7 March 2014: the filing.