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CONCORD, Calif. (AP) — CONCORD, Calif. (AP) — Cerus Corp. (CERS) on Thursday reported a loss of $2.5 million in its fourth quarter.
On a per-share basis, the Concord, California-based company said it had a loss of 1 cent.
The biomedical products company posted revenue of $50.8 million in the period.
For the year, the company reported that its loss narrowed to $20.9 million, or 11 cents per share. Revenue was reported as $180.3 million.
Cerus expects full-year revenue in the range of $194 million to $200 million.
In the final minutes of trading on Thursday, the company's shares hit $1.75. A year ago, they were trading at $2.31.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CERS at https://www.zacks.com/ap/CERS