Cerus Corporation logo CERS - Cerus Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 2
SELL 0
STRONG
SELL
0
| PRICE TARGET: $4.00 DETAILS
HIGH: $4.00
LOW: $4.00
MEDIAN: $4.00
CONSENSUS: $4.00
UPSIDE: 47.60%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Revenue
Revenue 206.1 180.3 156.4 162.0 130.9 91.9 74.6 60.9 43.6 37.2 34.2 36.5 39.7 36.7 33.0 23.1 18.0 16.5 11.0 35.6 24.4 13.9 9.7 8.5 4.5 1.9 2.4 2.9 6.9
Cost of Revenue 95.8 80.7 70.0 75.0 63.5 41.2 33.4 31.6 22.5 20.3 23.5 21.2 22.6 20.6 18.5 12.0 12.6 9.7 5.2 1.5 0 0 0 0 0 (0.6) (0.6) (0.7) (0.7)
Gross Profit 110.3 99.5 86.4 87.1 67.4 50.8 41.2 29.3 21.0 16.9 10.8 15.3 17.1 16.1 14.5 11.1 5.4 6.8 5.8 34.0 24.4 13.9 9.7 8.5 4.5 2.5 3 3.6 7.6
Operating Expenses
R&D Expenses 65.7 58.9 67.6 64.1 63.7 64.4 60.4 42.6 33.7 31.3 25.6 21.7 15.2 7.6 7.2 5.2 6.4 10.2 15.0 29.5 24.1 27.7 52.5 56.4 48.2 34.8 22.5 29.8 19.6
SG&A Expenses 80.9 75.9 75.5 83.3 81.3 67.0 66.2 56.8 52.4 48.8 46.0 37.8 30.0 25.7 23.1 21.6 21.9 27.2 24.6 14.0 9.6 10.2 11.0 11.3 10.2 7.2 4.8 3.8 3.2
Other Expenses 0 (21.1) (26.7) (26.3) (28.7) (22.3) (19.1) 1.7 3.9 (1.3) 0.1 0.1 0.3 0.0 0.2 0.1 0.2 0 9.4 0 0 0 0 0 0 0.6 0.6 0.7 0.7
Operating Expenses 146.6 113.7 116.5 121.2 116.3 109.1 107.5 84.3 78.6 78.2 71.8 59.7 45.4 33.4 30.4 26.8 28.4 37.4 49.0 43.5 33.7 37.9 63.5 67.8 58.4 42.6 27.9 34.3 23.5
Operating Income
Operating Income (36.3) (14.2) (30.1) (34.1) (48.9) (58.3) (66.2) (55.0) (57.5) (61.4) (61.1) (44.3) (28.3) (17.3) (15.9) (16.0) (23.8) (30.5) (43.2) (9.5) (9.3) (26.8) (53.8) (59.3) (53.9) (40.1) (24.9) (30.7) (15.9)
Interest Expense 8.3 8.9 8.4 5.8 4.9 3.7 6.1 4.0 3.0 2.4 1.7 0.6 0.5 0.6 1.0 0.7 0.3 0.0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA (34.3) (10.0) (26.3) (33.5) (46.0) (51.4) (64.6) (51.9) (51.9) (58.5) (56.1) (36.5) (42.0) (14.4) (15.1) (15.4) (22.9) (28.5) (43.2) (4.1) (8.7) (23.0) (50.5) (56.8) (52.7) (39.5) (24.3) (30.0) (15.2)
EBIT (36.3) (11.9) (28.9) (36.5) (49.1) (55.8) (67.0) (53.3) (53.7) (60.3) (57.8) (38.0) (42.8) (15.1) (15.9) (16.1) (24.1) (29.2) (43.2) (2.3) (9.3) (25.2) (53.8) (59.3) (53.9) (40.1) (24.9) (30.7) (15.9)
Income Before Tax (15.3) (20.8) (37.3) (42.3) (54.1) (59.6) (71.0) (57.3) (56.7) (62.7) (59.5) (38.4) (43.1) (15.7) (17.0) (16.9) (24.7) 0 (52.6) (4.8) 12.7 (31.2) (4.4) (57.2) (49.3) (36,033.1) 0 (29.5) (14.7)
Income Tax Expense 0.4 0.2 0.3 0.5 0.3 0.3 0.3 0.2 3.9 0.2 (3.7) 0.2 0.2 0.2 0 0 0.2 (1.3) 2.1 0 (22.4) 0 53.8 0 0.1 4,095.0 (2.3) (1.1) 0
Net Income (15.6) (20.9) (37.5) (42.8) (54.4) (59.9) (71.2) (57.6) (60.6) (62.9) (55.9) (38.6) (43.3) (15.9) (17.0) (16.9) (24.1) (29.2) (45.3) (4.8) 13.1 (31.2) (58.3) (57.2) (49.4) (36.0) (22.6) (29.6) (14.7)
Per Share Data
EPS (Basic) -0.08 -0.11 -0.21 -0.24 -0.32 -0.37 -0.51 -0.44 -0.56 -0.62 -0.58 -0.52 -0.64 -0.29 -0.35 -0.42 -0.69 -0.90 -1.42 -0.18 0.58 -1.41 -3.01 -3.61 -3.27 -2.75 -2.04 -3.17 -1.76
EPS (Diluted) -0.08 -0.11 -0.21 -0.24 -0.32 -0.37 -0.51 -0.44 -0.56 -0.62 -0.58 -0.50 -0.64 -0.29 -0.35 -0.42 -0.69 -0.90 -1.42 -0.17 0.55 -1.41 -3.01 -3.61 -3.27 -2.75 -2.04 -3.17 -1.76
Shares Outstanding 190.6 184.6 180.3 176.5 171.3 163.9 139.8 130.8 108.2 101.5 96.1 74.8 67.6 54.5 48.0 40.3 34.8 32.4 31.9 26.9 22.4 22.1 19.4 15.8 15.1 13.1 11.1 9.3 8.4
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997
Current Assets
Cash & Cash Equivalents 20.0 20.3 11.6 35.6 48.8 36.6 35.0 28.9 13.7 22.6 17.3 10.3 39.2 23.2 22.4 64.5 71.9 3.5 6.2 11.6
Short-Term Investments 62.9 60.2 54.2 66.6 80.6 97 50.7 88.7 47.0 49.1 2.6 12.3 56.2 86.8 41.9 59.0 18.4 36.9 0 0
Net Receivables 30.4 29.8 35.5 34.4 25.1 21.2 16.9 8.8 12.4 6.9 3.6 7.2 4.5 5.7 2.9 1.6 0.3 0 0 4.4
Inventory 56.1 38.1 39.9 29.0 26.8 23.3 19.5 13.5 14.5 12.5 7.7 11.1 (4.5) (5.7) (2.9) 0 0 0 0 0
Other Current Assets 5.0 3.6 3.2 4.6 0 0 0 0 2.3 1.8 0 0 0 0 0 0 0.5 0.3 13.9 10.2
Total Current Assets 174.4 152.0 144.4 170.1 187.1 183.4 128.1 146.9 89.9 94.1 32.4 42.0 99.9 115.8 67.2 125.1 91.0 40.7 20.1 26.2
Non-Current Assets
Property, Plant & Equipment 19.3 15.5 19.4 23.5 25.2 27.0 29.0 8.1 2.1 3.0 1.2 1.8 0.9 2.6 5.5 3.0 3.0 1 0.7 1
Goodwill 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0.1 0.3 0.5 0.7 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 0 0 0 0 0 0 2.7 0.2 (0.1) 0 2.3 1.2 0 0 0 0 0 0 0
Other Non-Current Assets 26.8 32.0 32.6 23.2 23.9 9.7 7.0 6.8 4.4 4.3 (181.2) 1.1 0.1 0.2 0.2 0.2 0.1 0.1 0.1 0.1
Total Non-Current Assets 47.5 48.9 53.3 47.9 50.4 38.0 37.4 16.6 8.3 9.4 2.1 5.3 2.2 2.7 5.7 3.2 3.1 1.1 0.8 1.1
Total Assets 221.9 200.9 197.7 218.1 237.5 221.4 165.5 163.5 98.2 103.5 34.5 47.3 102.1 118.5 72.9 128.3 94.2 41.8 20.9 27.3
Current Liabilities
Account Payables 28.0 21.7 23.8 33.0 35.6 24.2 22.2 18.6 11.0 8.6 4.4 8.0 1.5 4.6 10.6 8.2 6.1 2.0 14.1 1.3
Short-Term Debt 46.2 19.3 20 56.2 14.7 8.5 5.0 7.9 0 6.9 0 0 34.5 55.9 0.0 0.0 0.0 0.0 0 0.1
Deferred Revenue 1.3 1.4 2.0 0.6 0.7 0.6 0.6 0.5 0.4 0.1 0.3 0.4 13.2 0.6 0.7 0.9 0 0 0 0
Other Current Liabilities 25.3 11.9 11.8 17.6 18.5 16.0 12.7 15.0 4.3 4.1 2.7 0.4 22.1 0 0 0 6.1 6.7 5.5 3.4
Total Current Liabilities 100.8 63.6 67.5 117.1 78.6 60.0 50.3 52.7 23.1 26.9 12.9 12.9 76.1 65.9 16.8 16.5 12.2 8.7 19.6 4.8
Non-Current Liabilities
Long-Term Debt 40.5 64.9 59.8 13.6 54.7 39.6 39.4 22.0 29.8 12.4 0 0 4.5 0 0 0.1 0.1 0.1 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 (0.1) 0.1 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 5.4 3.9 3.2 3.5 2.3 1.2 0.3 4.2 6.4 6.2 0.1 0.2 0 0 0 4.9 (0.1) (0.0) 0 0
Total Non-Current Liabilities 56.1 80.4 76.8 32.5 73.3 57.6 58.1 26.3 36.2 18.8 0.1 0.2 4.5 0 0.0 5.1 0.1 0.1 5 0
Total Liabilities 156.9 144.0 144.3 149.5 151.9 117.6 108.5 78.9 59.3 45.7 13.0 13.1 80.6 65.9 16.8 21.5 12.2 8.8 19.6 4.8
Stockholders' Equity
Common Stock 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0 0
Retained Earnings (1,081.2) (1,065.5) (1,044.6) (1,007.1) (964.3) (910.0) (850.1) (778.9) (721.3) (660.7) (410.0) (385.9) (319.7) (288.6) (230.3) (173.1) (123.7) (87.5) (64.4) (34.9)
Accumulated Other Comprehensive Income (0.2) (0.4) (1.3) (2.8) (0.1) 0.7 0.1 (0.3) (0.1) 0.1 0.1 0.2 (0.3) (10.3) (7.1) (4.6) (3.5) (2.9) (2.3) (1.7)
Total Stockholders' Equity 64.2 56.1 52.6 67.6 84.6 103.8 57.1 84.5 38.9 57.8 21.4 34.3 21.5 52.5 56.2 106.8 81.9 33 1.3 22.5
Total Liabilities & Equity 221.9 200.9 197.7 218.1 237.5 221.4 165.5 163.5 98.2 103.5 34.5 47.3 102.1 118.5 72.9 128.3 94.2 41.8 20.9 27.3
Debt Metrics
Total Debt 96.9 98.1 96.0 87.2 87.6 66.9 64.5 29.9 29.8 19.4 0.0 0 39 55.9 0.1 0.1 0.1 0.1 5 0.1
Net Debt 77.0 77.8 84.4 51.7 38.8 30.3 29.5 1.0 16.1 (3.2) (17.3) (10.3) (0.2) 32.7 (22.4) (64.4) (71.8) (3.4) (1.2) (11.5)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997
Operating Activities
Net Income (15.6) (21.0) (37.5) (42.8) (54.4) (59.9) (71.2) (57.6) (60.6) (62.9) 13.1 (31.2) (58.3) (57.2) (49.4) (36.0) (22.6) (29.6) (14.7)
Depreciation & Amortization 1.9 1.9 2.6 3.0 3.1 3.1 2.4 1.4 1.8 1.8 0.7 2.2 3.3 2.5 1.2 0.6 0.6 0.7 0.7
Stock-Based Compensation 22.9 22.9 20.3 24.5 23.6 18.0 13.3 10.4 9.4 8.1 0 0.2 (0.4) 0.7 0 7.1 0 0 0
Change in Working Capital (6.8) 5.2 (32.0) (16.1) (9.4) (4.2) (12.3) 13.2 (3.6) (0.9) (6.8) 16.0 (3.6) (1.0) 3.4 3.5 (10.8) 19.1 (2.8)
Other Non-Cash Items 9.1 2.4 3.5 5.8 2.7 1.1 2.3 1.3 (2.9) 0.4 (21.9) 0.3 (0.0) 0.0 0.8 (0.0) (0.5) 0.1 0.2
Operating Cash Flow 11.4 11.4 (43.2) (25.6) (33.9) (41.8) (65.5) (31.2) (52.2) (53.5) (14.9) (12.7) (58.6) (55.7) (44) (32.0) (33.3) (9.7) (16.6)
Investing Activities
Capital Expenditure (2.8) (2.8) (4.6) (2) (0.9) (1.6) (8.9) (1.1) (0.4) (0.6) (0.9) (0.6) (0.3) (5.0) (1.2) (2.6) (0.7) (0.3) (0.4)
Acquisitions 0 0 0 (10.5) 0.9 0 0 0 (3.5) 0 0 0 0.0 0 0.0 0 0 0 0
Purchases of Investments (43.0) (43.0) (2.5) (29.6) (52.1) (98.8) (43.9) (80.7) (68.8) (82.8) (5) (76.8) (191.7) (100.2) (78.9) (18.7) (71.9) (29.3) (32)
Sales/Maturities of Investments 37.7 37.7 15.7 40.1 65.7 50.9 81.0 38.0 69.6 63.5 21.2 107.2 83.1 53.0 11 37.1 48.6 25.6 22
Other Investing Activities 0 0 0 10.5 (0.9) 0 0 (42.7) 3.5 (19.4) 0.1 (1.2) 63.6 64.2 27.3 (0.0) 0.1 0 0
Investing Cash Flow (8.1) (8.1) 8.6 8.5 12.7 (49.6) 28.2 (43.8) 0.4 (19.9) 15.4 28.5 (45.2) 12.0 (41.8) 15.9 (23.9) (4) (10.4)
Financing Activities
Net Debt Issuance (0.3) 4.3 9.9 0.2 21.2 3.5 13.3 (0.1) 10.4 (0.6) (34.5) (0.0) 50.0 (0.0) (0.0) (0.0) 0 (0.1) (0.1)
Stock Repurchased 0 0 (0.2) (0.1) 0 0 0 0 0 0 0 0 0 0 0 (0.5) 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.6) 0 0 0
Other Financing Activities 4.7 0.7 0.9 4.1 10.4 11.8 3.2 7.8 2.4 3.1 0 0 0 0 0 0.0 (0.1) 0.1 0.1
Financing Cash Flow 5.0 5.0 10.7 4.2 34.3 91.8 43.5 92.8 43 24.6 (33.8) 0.2 104.6 1.5 78.4 84.5 54.6 8.3 32.6
Cash Position
Net Change in Cash 8.0 8.0 (24.0) (13.7) 12.1 1.5 5.8 17.7 (8.8) (48.9) (33.4) 16.0 0.7 (42.1) (7.4) 68.3 (2.7) (5.4) 5.6
Cash at Beginning 13.4 13.4 37.4 51.0 38.9 37.4 31.6 13.9 22.7 71.6 39.2 23.2 22.4 64.5 71.9 3.5 6.2 11.6 6
Cash at End 21.4 21.4 13.4 37.4 51.0 38.9 37.4 31.6 13.9 22.7 5.8 39.2 23.2 22.4 64.5 71.9 3.5 6.2 11.6
Free Cash Flow 8.5 8.5 (47.8) (27.6) (34.8) (43.4) (74.4) (32.4) (52.6) (54.1) (15.8) (13.3) (58.9) (60.7) (45.2) (34.7) (34) (10) (17)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Income Statement
Revenue 206.1 180.3 156.4 162.0 130.9 91.9 74.6 60.9 43.6 37.2 34.2 36.5 39.7 36.7 33.0 23.1 18.0 16.5 11.0 35.6 24.4 13.9 9.7 8.5 4.5 1.9 2.4 2.9 6.9
Gross Profit 110.3 99.5 86.4 87.1 67.4 50.8 41.2 29.3 21.0 16.9 10.8 15.3 17.1 16.1 14.5 11.1 5.4 6.8 5.8 34.0 24.4 13.9 9.7 8.5 4.5 2.5 3 3.6 7.6
Operating Income (36.3) (14.2) (30.1) (34.1) (48.9) (58.3) (66.2) (55.0) (57.5) (61.4) (61.1) (44.3) (28.3) (17.3) (15.9) (16.0) (23.8) (30.5) (43.2) (9.5) (9.3) (26.8) (53.8) (59.3) (53.9) (40.1) (24.9) (30.7) (15.9)
Net Income (15.6) (20.9) (37.5) (42.8) (54.4) (59.9) (71.2) (57.6) (60.6) (62.9) (55.9) (38.6) (43.3) (15.9) (17.0) (16.9) (24.1) (29.2) (45.3) (4.8) 13.1 (31.2) (58.3) (57.2) (49.4) (36.0) (22.6) (29.6) (14.7)
EPS (Diluted) -0.08 -0.11 -0.21 -0.24 -0.32 -0.37 -0.51 -0.44 -0.56 -0.62 -0.58 -0.50 -0.64 -0.29 -0.35 -0.42 -0.69 -0.90 -1.42 -0.17 0.55 -1.41 -3.01 -3.61 -3.27 -2.75 -2.04 -3.17 -1.76
Balance Sheet
Cash & Equivalents 20.0 20.3 11.6 35.6 48.8 36.6 35.0 28.9 13.7 22.6 17.3 10.3 39.2 23.2 22.4 64.5 71.9 3.5 6.2 11.6
Total Assets 221.9 200.9 197.7 218.1 237.5 221.4 165.5 163.5 98.2 103.5 34.5 47.3 102.1 118.5 72.9 128.3 94.2 41.8 20.9 27.3
Total Debt 96.9 98.1 96.0 87.2 87.6 66.9 64.5 29.9 29.8 19.4 0.0 0 39 55.9 0.1 0.1 0.1 0.1 5 0.1
Stockholders' Equity 64.2 56.1 52.6 67.6 84.6 103.8 57.1 84.5 38.9 57.8 21.4 34.3 21.5 52.5 56.2 106.8 81.9 33 1.3 22.5
Cash Flow
Operating Cash Flow 11.4 11.4 (43.2) (25.6) (33.9) (41.8) (65.5) (31.2) (52.2) (53.5) (14.9) (12.7) (58.6) (55.7) (44) (32.0) (33.3) (9.7) (16.6)
Capital Expenditure (2.8) (2.8) (4.6) (2) (0.9) (1.6) (8.9) (1.1) (0.4) (0.6) (0.9) (0.6) (0.3) (5.0) (1.2) (2.6) (0.7) (0.3) (0.4)
Free Cash Flow 8.5 8.5 (47.8) (27.6) (34.8) (43.4) (74.4) (32.4) (52.6) (54.1) (15.8) (13.3) (58.9) (60.7) (45.2) (34.7) (34) (10) (17)