Cerus (CERS) FY2022 results: revenue $188 million, up 18.1% on the year
Cerus Corp. (CERS) reported revenue of $188 million for fiscal 2022, the year ended 31 December 2022, up 18.1% on the year before. Net income was -$43 million, and diluted earnings per share $-0.24. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2023.
Revenue
$188 million
+18.1% on the year
FY2015FY2022
Operating margin
-18.1%
-30.7% a year earlier
FY2015FY2022
Net income
-$43 million
FY2015FY2022
Diluted EPS
-$0.24
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Revenue
188
160
114
+18.1%
Cost of revenue
n/a
n/a
41.2
Gross profit
n/a
n/a
73.1
Gross margin
n/a
n/a
64.0%
Research and development
64.1
63.7
64.4
+0.7%
Selling, general and administrative
83.3
81.3
67.0
+2.5%
Operating income
-34.1
-48.9
-58.3
Operating margin
-18.1%
-30.7%
-51.1%
Interest expense
5.8
4.9
3.7
+18.4%
Pre-tax income
-42.3
-54.1
-59.6
Income tax
0.5
0.3
0.3
+53.0%
Net income
-42.8
-54.4
-59.9
Net margin
-22.7%
-34.1%
-52.4%
Diluted EPS
-$0.24
-$0.32
-$0.37
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
-25.6
-33.9
-41.8
Capital expenditure
2.0
0.9
1.6
+119.8%
Free cash flow
-27.6
-34.8
-43.4
Free cash flow margin
-14.7%
-21.8%
-38.0%
Cash from investing
8.5
12.7
-49.6
-33.3%
Cash from financing
4.2
34.3
91.8
-87.8%
Depreciation and amortisation
3.0
3.1
3.1
-5.2%
Share-based compensation
24.5
23.6
18.0
+3.8%
Diluted shares, weighted
177m
171m
164m
+3.1%
Shares outstanding at period end
178m
174m
168m
+2.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
67.6
84.6
104
-20.1%
Non-controlling interest
1.0
1.0
n/a
-4.6%
Debt
69.9
69.4
48.1
+0.7%
Operating lease liabilities
15.3
16.3
16.9
-5.7%
Other liabilities
64.3
66.2
52.6
-2.9%
Total liabilities and equity
218
237
221
-8.2%
Fixed assets
11.0
12.2
13.9
-10.1%
Goodwill
1.3
1.3
1.3
0.0%
Investments
66.6
80.6
97.0
-17.4%
Cash and equivalents
35.6
48.8
36.6
-27.0%
Receivables
34.4
25.1
21.2
+37.0%
Inventory
29.0
26.8
23.3
+8.2%
Other assets
40.2
42.7
28.2
-5.8%
Total assets
218
237
221
-8.2%
10-K for the year ended 31 December 2022, filed 1 March 2023: the filing.