Q3 2025 Cerus Corp Earnings Call Transcript

Nov 6, 2025 / 09:30 PM GMT

Release Date Price: €1.21 (-3.20%)

Transcript 10-Q8-K

Key Points

Positve

Cerus Corp (CERS) reported record product revenue of $52.7 million for Q3 2025, marking a 15% year-over-year increase.
The company raised its full-year 2025 product revenue guidance to $202-$204 million, reflecting strong commercial execution and growth projections.
Cerus Corp (CERS) achieved its sixth consecutive quarter of positive non-GAAP adjusted EBITDA, totaling $5 million for Q3 2025.
The adoption of the Intercept product portfolio continues to grow globally, with significant market penetration in the US and Europe.
The transition to a kit-based model for IFC sales is expected to improve gross margins and leverage existing sales channels.

Negative

Product gross margins for Q3 2025 decreased to 53.4% from 56.9% in the prior year, impacted by import tariffs, inflationary pressures, and higher production costs.
The regulatory review of Intercept RBCs in Europe is delayed by at least six months due to a transition in competent authority review.
Foreign exchange rates, tariffs, and inflationary pressures are expected to continue impacting gross margins.
Operating expenses increased to $34.4 million in Q3 2025 from $31.8 million in Q3 2024, driven by higher R&D and SG&A costs.
The shift to a kit-based model for IFC sales may lead to short-term revenue guidance adjustments due to the faster-than-expected transition.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CERS.OQ - Cerus Corp
Q3 2025 Cerus Corp Earnings Call
Nov 06, 2025 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, ladies and gentlemen.

Thank you for standing by and welcome to the Sears Corporation 3rd quarter 2025 earnings conference call.

Please be advised that today's conference is being recorded.

I would now like to hand the conference over to Tim Lee, iris head of investor relations. Tim, you may begin.

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Unidentified_2 [2]
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Thank you and good afternoon.

I'd like to thank everyone for joining us today. As part of today's webcast, we are simultaneously displaying slides that you can follow. You can access the slides from the investor

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