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CONCORD, Calif. (AP) — CONCORD, Calif. (AP) — Cerus Corp. (CERS) on Thursday reported a loss of $15.6 million in its first quarter.
On a per-share basis, the Concord, California-based company said it had a loss of 9 cents.
The biomedical products company posted revenue of $31 million in the period.
Cerus expects full-year revenue in the range of $165 million to $170 million.
In the final minutes of trading on Thursday, the company's shares hit $2.28. A year ago, they were trading at $5.13.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CERS">Zacks stock report on CERS at https://www.zacks.com/ap/CERS