Cerus (NASDAQ:CERS) First Quarter 2024 Results
Key Financial Results
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Revenue: US$38.4m (up 24% from 1Q 2023).
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Net loss: US$9.69m (loss narrowed by 38% from 1Q 2023).
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US$0.053 loss per share (improved from US$0.088 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cerus EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.2%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Medical Equipment industry in the US.
Performance of the American Medical Equipment industry.
The company’s shares are down 5.3% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Cerus that you need to take into consideration.
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