Cerus (CERS) FY2021 results: revenue $160 million, up 39.6% on the year
Cerus Corp. (CERS) reported revenue of $160 million for fiscal 2021, the year ended 31 December 2021, up 39.6% on the year before. Net income was -$54 million, and diluted earnings per share $-0.32. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$160 million
+39.6% on the year
FY2014FY2021
Operating margin
-30.7%
-51.1% a year earlier
FY2014FY2021
Net income
-$54 million
FY2014FY2021
Diluted EPS
-$0.32
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
160
114
93.8
+39.6%
Cost of revenue
n/a
41.2
33.4
Gross profit
n/a
73.1
60.4
Gross margin
n/a
64.0%
64.4%
Research and development
63.7
64.4
60.4
-1.1%
Selling, general and administrative
81.3
67.0
66.2
+21.3%
Operating income
-48.9
-58.3
-66.2
Operating margin
-30.7%
-51.1%
-70.6%
Interest expense
4.9
3.7
6.1
+31.4%
Pre-tax income
-54.1
-59.6
-71.0
Income tax
0.3
0.3
0.3
+12.3%
Net income
-54.4
-59.9
-71.2
Net margin
-34.1%
-52.4%
-76.0%
Diluted EPS
-$0.32
-$0.37
-$0.51
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
-33.9
-41.8
-65.5
Capital expenditure
0.9
1.6
8.9
-43.7%
Free cash flow
-34.8
-43.4
-74.4
Free cash flow margin
-21.8%
-38.0%
-79.4%
Cash from investing
12.7
-49.6
28.2
Cash from financing
34.3
91.8
43.5
-62.6%
Depreciation and amortisation
3.1
3.1
2.4
+1.3%
Share-based compensation
23.6
18.0
13.3
+30.7%
Diluted shares, weighted
171m
164m
140m
+4.5%
Shares outstanding at period end
174m
168m
144m
+3.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
84.6
104
57.1
-18.5%
Non-controlling interest
1.0
n/a
n/a
Debt
69.4
48.1
44.4
+44.3%
Operating lease liabilities
16.3
16.9
18.4
-3.6%
Other liabilities
66.2
52.6
45.6
+25.8%
Total liabilities and equity
237
221
166
+7.3%
Fixed assets
12.2
13.9
14.9
-12.0%
Goodwill
1.3
1.3
1.3
0.0%
Intangible assets
n/a
n/a
0.1
Investments
80.6
97.0
50.7
-16.9%
Cash and equivalents
48.8
36.6
35.0
+33.2%
Receivables
25.1
21.2
16.9
+18.7%
Inventory
26.8
23.3
19.5
+15.2%
Other assets
42.7
28.2
27.1
+51.3%
Total assets
237
221
166
+7.3%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.