Cerus (CERS) FY2023 results: revenue $187 million, down 0.8% on the year
Cerus Corp. (CERS) reported revenue of $187 million for fiscal 2023, the year ended 31 December 2023, down 0.8% on the year before. Net income was -$37 million, and diluted earnings per share $-0.21. The figures are the company's own, from the 10-K it filed with the SEC on 5 March 2024.
Revenue
$187 million
-0.8% on the year
FY2016FY2023
Operating margin
-16.1%
-18.1% a year earlier
FY2016FY2023
Net income
-$37 million
FY2016FY2023
Diluted EPS
-$0.21
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Revenue
187
188
160
-0.8%
Research and development
67.6
64.1
63.7
+5.5%
Selling, general and administrative
75.5
83.3
81.3
-9.4%
Operating income
-30.1
-34.1
-48.9
Operating margin
-16.1%
-18.1%
-30.7%
Interest expense
8.4
5.8
4.9
+43.8%
Pre-tax income
-37.3
-42.3
-54.1
Income tax
0.3
0.5
0.3
-33.4%
Net income
-37.5
-42.8
-54.4
Net margin
-20.1%
-22.7%
-34.1%
Diluted EPS
-$0.21
-$0.24
-$0.32
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
-43.2
-25.6
-33.9
Capital expenditure
4.6
2.0
0.9
+129.8%
Free cash flow
-47.8
-27.6
-34.8
Free cash flow margin
-25.6%
-14.7%
-21.8%
Cash from investing
8.6
8.5
12.7
+1.9%
Cash from financing
10.7
4.2
34.3
+154.6%
Depreciation and amortisation
2.6
3.0
3.1
-12.9%
Share-based compensation
20.3
24.5
23.6
-17.1%
Diluted shares, weighted
180m
177m
171m
+2.1%
Shares outstanding at period end
181m
178m
174m
+2.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
52.6
67.6
84.6
-22.1%
Non-controlling interest
0.8
1.0
1.0
-16.6%
Debt
80.0
69.9
69.4
+14.4%
Operating lease liabilities
13.8
15.3
16.3
-10.3%
Other liabilities
50.6
64.3
66.2
-21.4%
Total liabilities and equity
198
218
237
-9.3%
Fixed assets
8.6
11.0
12.2
-21.2%
Goodwill
1.3
1.3
1.3
0.0%
Investments
54.2
66.6
80.6
-18.6%
Cash and equivalents
11.6
35.6
48.8
-67.3%
Receivables
35.5
34.4
25.1
+3.1%
Inventory
39.9
29.0
26.8
+37.5%
Other assets
46.6
40.2
42.7
+15.8%
Total assets
198
218
237
-9.3%
10-K for the year ended 31 December 2023, filed 5 March 2024: the filing.