2014 Q2 Form 10-Q Financial Statement

#000119312514303221 Filed on August 08, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $8.601M $10.15M
YoY Change -15.26% 10.04%
Cost Of Revenue $4.752M $5.747M
YoY Change -17.31% 3.1%
Gross Profit $3.849M $4.403M
YoY Change -12.58% 20.63%
Gross Profit Margin 44.75% 43.38%
Selling, General & Admin $10.08M $7.954M
YoY Change 26.73% 18.97%
% of Gross Profit 261.89% 180.65%
Research & Development $4.722M $3.506M
YoY Change 34.68% 104.79%
% of Gross Profit 122.68% 79.63%
Depreciation & Amortization $290.0K $110.0K
YoY Change 163.64% -42.11%
% of Gross Profit 7.53% 2.5%
Operating Expenses $14.85M $11.51M
YoY Change 29.03% 36.24%
Operating Profit -$11.00M -$7.108M
YoY Change 54.81% 48.11%
Interest Expense $34.00K $107.0K
YoY Change -68.22% -20.74%
% of Operating Profit
Other Income/Expense, Net $3.459M $438.0K
YoY Change 689.73% -85.07%
Pretax Income -$7.545M -$6.670M
YoY Change 13.12% 257.45%
Income Tax $44.00K $54.00K
% Of Pretax Income
Net Earnings -$7.589M -$6.724M
YoY Change 12.86% 252.6%
Net Earnings / Revenue -88.23% -66.25%
Basic Earnings Per Share -$0.10 -$0.10
Diluted Earnings Per Share -$0.16 -$0.10
COMMON SHARES
Basic Shares Outstanding 72.90M shares 69.73M shares
Diluted Shares Outstanding 74.52M shares 71.93M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $49.70M $58.20M
YoY Change -14.6% 117.98%
Cash & Equivalents $28.56M $58.20M
Short-Term Investments $21.10M
Other Short-Term Assets $1.416M $200.0K
YoY Change 608.0% -80.0%
Inventory $13.38M $12.76M
Prepaid Expenses $1.353M $739.0K
Receivables $4.478M $5.868M
Other Receivables $0.00 $0.00
Total Short-Term Assets $70.32M $77.77M
YoY Change -9.58% 90.61%
LONG-TERM ASSETS
Property, Plant & Equipment $3.615M $1.641M
YoY Change 120.29% -13.63%
Goodwill $1.316M $1.316M
YoY Change 0.0%
Intangibles $1.243M $1.445M
YoY Change -13.98%
Long-Term Investments
YoY Change
Other Assets $51.00K $72.00K
YoY Change -29.17% -82.0%
Total Long-Term Assets $6.532M $4.778M
YoY Change 36.71% -9.85%
TOTAL ASSETS
Total Short-Term Assets $70.32M $77.77M
Total Long-Term Assets $6.532M $4.778M
Total Assets $76.85M $82.55M
YoY Change -6.9% 79.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.169M $5.035M
YoY Change -37.06% 43.86%
Accrued Expenses $10.62M $8.748M
YoY Change 21.39% 32.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $2.200M
YoY Change -100.0% -40.54%
Total Short-Term Liabilities $21.71M $26.38M
YoY Change -17.72% 16.22%
LONG-TERM LIABILITIES
Long-Term Debt $9.800M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $987.0K $1.145M
YoY Change -13.8% -4.58%
Total Long-Term Liabilities $987.0K $1.145M
YoY Change -13.8% -76.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.71M $26.38M
Total Long-Term Liabilities $987.0K $1.145M
Total Liabilities $32.64M $27.60M
YoY Change 18.26% 0.37%
SHAREHOLDERS EQUITY
Retained Earnings -$511.0M -$476.8M
YoY Change 7.17%
Common Stock $74.00K $70.00K
YoY Change 5.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $44.21M $54.95M
YoY Change
Total Liabilities & Shareholders Equity $76.85M $82.55M
YoY Change -6.9% 79.06%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$7.589M -$6.724M
YoY Change 12.86% 252.6%
Depreciation, Depletion And Amortization $290.0K $110.0K
YoY Change 163.64% -42.11%
Cash From Operating Activities -$9.610M -$5.690M
YoY Change 68.89% 5.57%
INVESTING ACTIVITIES
Capital Expenditures -$590.0K -$150.0K
YoY Change 293.33% 150.0%
Acquisitions
YoY Change
Other Investing Activities $2.970M -$10.00K
YoY Change -29800.0% -111.11%
Cash From Investing Activities $2.380M -$160.0K
YoY Change -1587.5% -633.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.81M -5.110M
YoY Change -331.12% -996.49%
NET CHANGE
Cash From Operating Activities -9.610M -5.690M
Cash From Investing Activities 2.380M -160.0K
Cash From Financing Activities 11.81M -5.110M
Net Change In Cash 4.580M -10.96M
YoY Change -141.79% 128.81%
FREE CASH FLOW
Cash From Operating Activities -$9.610M -$5.690M
Capital Expenditures -$590.0K -$150.0K
Free Cash Flow -$9.020M -$5.540M
YoY Change 62.82% 3.94%

Facts In Submission

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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
105000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
76000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
990000
us-gaap Interest Expense
InterestExpense
238000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
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us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
191000
cers Warrant Liability Revaluation Gain Loss
WarrantLiabilityRevaluationGainLoss
-4387000
cers Payment For Royalty
PaymentForRoyalty
1600000
cers Payment For Manufacturing Of Entity Products
PaymentForManufacturingOfEntityProducts
7600000
dei Trading Symbol
TradingSymbol
CERS
dei Entity Registrant Name
EntityRegistrantName
CERUS CORP
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Entity Central Index Key
EntityCentralIndexKey
0001020214
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
4.53
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
9.78
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.28
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
30000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74927000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2432000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.00
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-19436000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
900000 shares
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Concentration of Credit Risk</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash equivalents, short-term investments and accounts receivable.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> Pursuant to the Company&#x2019;s investment policy, substantially all of the Company&#x2019;s cash, cash equivalents and short-term investments are maintained at a major financial institution of high credit standing. The Company monitors the financial credit worthiness of the issuers of its investments and limits the concentration in individual securities and types of investments that exist within its investment portfolio. Generally, all of the Company&#x2019;s investments carry high credit quality ratings, which is in accordance with its investment policy. At June&#xA0;30, 2014, the Company does not believe there is significant financial risk from non-performance by the issuers of the Company&#x2019;s cash equivalents.</p> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 12px"> &#xA0;</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt; TEXT-INDENT: 4%"> Concentrations of credit risk with respect to trade receivables exist. However, for certain customers, the Company purchases a credit insurance policy that mitigates some of its credit risk, as the policy will pay either the Company or its lender on eligible claims filed on its outstanding receivables. On a regular basis, including at the time of sale, the Company performs credit evaluations of its customers. Generally, the Company does not require collateral from its customers to secure accounts receivable. To the extent that the Company determines specific invoices or customer accounts may be uncollectible, the Company reserves against the accounts receivable on its condensed consolidated balance sheets and records a charge on its condensed consolidated statements of operations. At June&#xA0;30, 2014 and December&#xA0;31, 2013, the Company had not recorded any reserves for potentially uncollectible accounts.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The Company had three customers and two customers that accounted for more than 10% of the Company&#x2019;s outstanding trade receivables at each of June&#xA0;30, 2014 and December&#xA0;31, 2013, respectively. These customers cumulatively represented approximately 65% and 55% of the Company&#x2019;s outstanding trade receivables, at June&#xA0;30, 2014 and December&#xA0;31, 2013, respectively. To date, the Company has not experienced collection difficulties from these customers.</p> </div>
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P10Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
98000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.49
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2641000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Number Of Reportable Segments
NumberOfReportableSegments
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us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of financial statements requires management to make estimates, assumptions and judgments that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosures of contingent assets and liabilities. On an ongoing basis, management evaluates its estimates, which are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results may differ from those estimates under different assumptions or conditions.</p> </div>
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Guarantee and Indemnification Arrangements</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The Company recognizes the fair value for guarantee and indemnification arrangements issued or modified by the Company after December&#xA0;31, 2002. In addition, the Company monitors the conditions that are subject to the guarantees and indemnifications in order to identify if a loss has occurred. If the Company determines it is probable that a loss has occurred, then any such estimable loss would be recognized under those guarantees and indemnifications. Some of the agreements that the Company is a party to contain provisions that indemnify the counter party from damages and costs resulting from claims that the Company&#x2019;s technology infringes the intellectual property rights of a third party or claims that the sale or use of the Company&#x2019;s products have caused personal injury or other damage or loss. The Company has not received any such requests for indemnification under these provisions and has not been required to make material payments pursuant to these provisions.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The Company generally provides for a one-year warranty on certain of its INTERCEPT blood-safety products covering defects in materials and workmanship. The Company accrues costs associated with warranty obligations when claims become known and are estimable.</p> </div>
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-12525000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
450000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3492000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
16467000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
304000
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NetIncomeLossAvailableToCommonStockholdersDiluted
-20855000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1647000
us-gaap Goodwill Other Changes
GoodwillOtherChanges
0
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-4000
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
3419000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-7815000
us-gaap Gross Profit
GrossProfit
7558000
us-gaap Operating Income Loss
OperatingIncomeLoss
-20223000
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
3800000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
1429000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
0
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
12491000
us-gaap Net Income Loss
NetIncomeLoss
-7814000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1411000
us-gaap Dilutive Securities
DilutiveSecurities
-13041000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
8909000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
13135000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
13000
us-gaap Share Based Compensation
ShareBasedCompensation
2286000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-923000
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
3000000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
5378000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
10299000
us-gaap Operating Expenses
OperatingExpenses
27781000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
18316000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
82000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
85000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
743000
us-gaap Interest Expense
InterestExpense
334000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2625000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3847000
us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
9364000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
9848000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
615000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
101000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2286000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
212000
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
2859000
cers Safety Product Warranty Period
SafetyProductWarrantyPeriod
P1Y
cers Prior Written Notice Period For Termination Of Agreement
PriorWrittenNoticePeriodForTerminationOfAgreement
P24M
cers Warrant Liability Revaluation Gain Loss
WarrantLiabilityRevaluationGainLoss
12525000
cers Minimum Term Of Non Cancelable Operating Leases
MinimumTermOfNonCancelableOperatingLeases
P1Y
cers Payment For Royalty
PaymentForRoyalty
1300000
cers Expiration Of Non Cancelable Operating Leases Maximum Year
ExpirationOfNonCancelableOperatingLeasesMaximumYear
2019
cers Inventory Life Finished Goods Period
InventoryLifeFinishedGoodsPeriod
P2Y
cers Payment For Manufacturing Of Entity Products
PaymentForManufacturingOfEntityProducts
9500000
CY2013Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10633000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69727000 shares
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6724000
CY2013Q2 us-gaap Gross Profit
GrossProfit
4403000
cers Work In Process Inventory Life Period
WorkInProcessInventoryLifePeriod
P1Y
cers Eligible To Receive Royalty Fee
EligibleToReceiveRoyaltyFee
0.01 pure
cers Agreement Expiration Date
AgreementExpirationDate
2014-09-30
cers Sales Commissions And Fees Per Unit
SalesCommissionsAndFeesPerUnit
10
CY2010 cers Proceeds From Landlord Financing Leasehold Improvement
ProceedsFromLandlordFinancingLeaseholdImprovement
1100000
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71928000 shares
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2201000 shares
CY2013Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
10150000
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
16000
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-7410000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-6670000
CY2013Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-157000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-7108000
CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
438000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
-6724000
CY2013Q2 us-gaap Dilutive Securities
DilutiveSecurities
-686000
CY2013Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
5747000
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
11511000
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7954000
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
10080000
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
44000
CY2014Q2 us-gaap Interest Expense
InterestExpense
141000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
54000
CY2013Q2 us-gaap Interest Expense
InterestExpense
107000
CY2013Q2 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
3506000
CY2013Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
51000
CY2013Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
841000
CY2013Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2013Q2 cers Warrant Liability Revaluation Gain Loss
WarrantLiabilityRevaluationGainLoss
686000
CY2013Q2 cers Payment For Royalty
PaymentForRoyalty
700000
CY2013Q2 cers Payment For Manufacturing Of Entity Products
PaymentForManufacturingOfEntityProducts
3600000
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74517000 shares
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1618000 shares
CY2014Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12160000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72899000 shares
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1000
CY2014Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
8601000
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
134000
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-11596000
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-7545000
CY2014Q2 us-gaap Goodwill Other Changes
GoodwillOtherChanges
0
CY2014Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-25000
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-7590000
CY2014Q2 us-gaap Gross Profit
GrossProfit
3849000
CY2014Q2 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-11004000
CY2014Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1100000
CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3459000
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
-7589000
CY2014Q2 us-gaap Dilutive Securities
DilutiveSecurities
-4007000
CY2014Q2 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2014Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
4752000
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
14853000
CY2014Q2 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
4722000
CY2014Q2 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0
CY2014Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
51000
CY2014Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1341000
CY2014Q2 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0
CY2014Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2014Q2 cers Warrant Liability Revaluation Gain Loss
WarrantLiabilityRevaluationGainLoss
3491000
CY2014Q2 cers Payment For Royalty
PaymentForRoyalty
600000
CY2014Q2 cers Payment For Manufacturing Of Entity Products
PaymentForManufacturingOfEntityProducts
4900000

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