Cerus Second Quarter 2024 Earnings: Beats Expectations

Cerus (NASDAQ:CERS) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$45.1m (up 16% from 2Q 2023).
• Net loss: US$5.78m (loss narrowed by 56% from 2Q 2023).
• US$0.031 loss per share (improved from US$0.073 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cerus Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are down 3.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Cerus has 3 warning signs we think you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com