Cerus: Q4 Earnings Snapshot

February 22, 2022 GMT

CONCORD, Calif. (AP) _ Cerus Corp. (CERS) on Tuesday reported a loss of $9.1 million in its fourth quarter.

On a per-share basis, the Concord, California-based company said it had a loss of 5 cents.

The biomedical products company posted revenue of $39.9 million in the period.

For the year, the company reported that its loss narrowed to $54.4 million, or 32 cents per share. Revenue was reported as $130.9 million.

Cerus expects full-year revenue in the range of $157 million to $164 million.

Cerus shares have dropped 23% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.25, a decline of 30% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CERS at https://www.zacks.com/ap/CERS