Cerus (CERS) FY2024 results: revenue $201 million, up 7.8% on the year
Cerus Corp. (CERS) reported revenue of $201 million for fiscal 2024, the year ended 31 December 2024, up 7.8% on the year before. Net income was -$21 million, and diluted earnings per share $-0.11. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$201 million
+7.8% on the year
FY2017FY2024
Operating margin
-7.1%
-16.1% a year earlier
FY2017FY2024
Net income
-$21 million
FY2017FY2024
Diluted EPS
-$0.11
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Revenue
201
187
188
+7.8%
Research and development
58.9
67.6
64.1
-12.9%
Selling, general and administrative
75.9
75.5
83.3
+0.5%
Operating income
-14.2
-30.1
-34.1
Operating margin
-7.1%
-16.1%
-18.1%
Interest expense
8.9
8.4
5.8
+5.9%
Pre-tax income
-20.8
-37.3
-42.3
Income tax
0.2
0.3
0.5
-36.9%
Net income
-20.9
-37.5
-42.8
Net margin
-10.4%
-20.1%
-22.7%
Diluted EPS
-$0.11
-$0.21
-$0.24
$ 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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
11.4
-43.2
-25.6
Capital expenditure
2.8
4.6
2.0
-38.3%
Free cash flow
8.5
-47.8
-27.6
Free cash flow margin
4.2%
-25.6%
-14.7%
Cash from investing
-8.1
8.6
8.5
Cash from financing
5.0
10.7
4.2
-53.5%
Depreciation and amortisation
1.9
2.6
3.0
-28.6%
Share-based compensation
22.9
20.3
24.5
+12.8%
Diluted shares, weighted
185m
180m
177m
+2.4%
Shares outstanding at period end
186m
181m
178m
+2.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
56.1
52.6
67.6
+6.6%
Non-controlling interest
0.8
0.8
1.0
-5.4%
Debt
84.3
80.0
69.9
+5.4%
Operating lease liabilities
11.7
13.8
15.3
-15.2%
Other liabilities
48.1
50.6
64.3
-4.9%
Total liabilities and equity
201
198
218
+1.6%
Fixed assets
7.2
8.6
11.0
-17.2%
Goodwill
1.3
1.3
1.3
0.0%
Investments
60.2
54.2
66.6
+11.0%
Cash and equivalents
20.3
11.6
35.6
+74.0%
Receivables
29.8
35.5
34.4
-16.1%
Inventory
38.1
39.9
29.0
-4.3%
Other assets
44.1
46.6
40.2
-5.4%
Total assets
201
198
218
+1.6%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.