Cerus Touches 52-Week High After 1Q Revenue Increases

Dow Jones05-02

By Christopher Kuo

Shares of Cerus climbed to a 52-week high after the biotechnology company posted double-digit revenue growth in its first quarter.

The stock gained 26%, to $2.57, midday Friday after reaching a high of $3.15 earlier in the session. It has risen about 25% since the beginning of the year.

The Concord, Calif., company on Thursday posted a net loss of $1.6 million, or 1 cent a share, compared with a loss of $7.7 million, or 4 cents a share, a year earlier. Analysts polled by FactSet expected a loss of 4 cents a share.

Net revenue increased 23% year over year, to $59.9 million. The increase was largely driven by growth in product revenue, which was up 24%, to $53.7 million. Analysts were expecting net revenue of $55.7 million.

Write to Christopher Kuo at chris.kuo@wsj.com

(END) Dow Jones Newswires

May 01, 2026 14:51 ET (18:51 GMT)

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