Cerus Corp Files Q3 2024 10-Q
Ticker: CERS · Form: 10-Q · Filed: Oct 31, 2024 · CIK: 1020214
| Field | Detail |
|---|---|
| Company | Cerus Corp (CERS) |
| Form Type | 10-Q |
| Filed Date | Oct 31, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 17 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, SEC filing
TL;DR
Cerus Corp's Q3 2024 10-Q is in, check financials.
AI Summary
Cerus Corp filed a 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and position. Key financial data points such as revenue, net income, and cash flow from operations for the relevant periods are presented within the report.
Why It Matters
This 10-Q filing provides investors and stakeholders with a detailed look at Cerus Corp's financial health and operational performance for the third quarter of 2024.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific financial performance and disclosures within this report could indicate varying levels of risk.
Key Players & Entities
- CERUS CORP (company) — Filer of the 10-Q
- 20240930 (date) — End of the reporting period
- 20241031 (date) — Filing date
- 0000950170-24-119535 (accession_number) — Unique identifier for the filing
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on October 31, 2024.
What is the company's name and Central Index Key (CIK)?
The company's name is CERUS CORP and its Central Index Key is 0001020214.
What is the company's state of incorporation?
Cerus Corp is incorporated in Delaware (DE).
What is the company's fiscal year end?
The company's fiscal year ends on December 31 (1231).
Filing Stats: 4,364 words · 17 min read · ~15 pages · Grade level 17.7 · Accepted 2024-10-31 16:11:10
Key Financial Figures
- $0.001 — h Registered Common Stock , par value $0.001 per share CERS The Nasdaq Stock Mar
Filing Documents
- cers-20240930.htm (10-Q) — 2544KB
- cers-ex31_1.htm (EX-31.1) — 14KB
- cers-ex31_2.htm (EX-31.2) — 14KB
- cers-ex32_1.htm (EX-32.1) — 7KB
- 0000950170-24-119535.txt ( ) — 10011KB
- cers-20240930.xsd (EX-101.SCH) — 1336KB
- cers-20240930_htm.xml (XML) — 1866KB
Financial Statements
Financial Statements 1 Condensed Consolidated Balance Sheets – September 30, 2024 and December 31, 2023 1 Condensed Consolidated Statements of Operations – Three and nine months ended September 30, 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Loss – Three and nine months ended September 30, 2024 and 2023 3 Condensed Consolidated Statements of Stockholders' Equity – Three and nine months ended September 30, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows – Nine months ended September 30, 2024 and 2023 5 Notes to Condensed Consolidated Financial Statements 6 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 22 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 33 Item 4.
Controls and Procedures
Controls and Procedures 33 PART II OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 35 Item 1A.
Risk Factors
Risk Factors 35 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 73 Item 3. Defaults Upon Senior Securities 73 Item 4. Mine Safety Disclosures 73 Item 5. Other Information 73 Item 6. Exhibits 74
: FINANCI AL INFORMATION
PART I: FINANCI AL INFORMATION
FINANC IAL STATEMENTS
ITEM 1. FINANC IAL STATEMENTS CERUS CORPORATION CONDENSED CONSOLIDA TED BALANCE SHEETS (in thousands) September 30, December 31, 2024 2023 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 21,575 $ 11,647 Short-term investments 53,990 54,205 Accounts receivable, net 24,361 35,500 Current inventories 36,538 39,868 Prepaid and other current assets 4,148 3,221 Total current assets 140,612 144,441 Non-current assets: Property and equipment, net 7,437 8,640 Operating lease right-of-use assets 8,936 10,713 Goodwill 1,316 1,316 Restricted cash 1,634 1,712 Non-current inventories 14,811 19,501 Other assets 14,793 11,425 Total assets $ 189,539 $ 197,748 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 15,864 $ 23,842 Accrued liabilities 15,879 19,225 Debt – current 18,521 20,000 Operating lease liabilities – current 2,260 2,452 Deferred revenue 1,821 2,002 Total current liabilities 54,345 67,521 Non-current liabilities: Debt – non-current 64,847 59,796 Operating lease liabilities – non-current 12,270 13,751 Other non-current liabilities 3,796 3,236 Total liabilities 135,258 144,304 Commitments and contingencies Stockholders' equity: Common stock 185 181 Additional paid-in capital 1,116,415 1,098,353 Accumulated other comprehensive loss ( 104 ) ( 1,274 ) Accumulated deficit ( 1,063,007 ) ( 1,044,610 ) Total Cerus Corporation stockholders' equity 53,489 52,650 Noncontrolling interest 792 794 Total liabilities and stockholders' equity $ 189,539 $ 197,748 See accompanying Notes to Condensed Consolidated Financial Statements. 1 CERUS CORPORATION CONDENSED CONSOLIDATED S TATEMENTS OF OPERATIONS UNAUDITED (in thousands, except per share data) Three Months Ended Nine Months Ended September 30,