Cerus Corporation (NASDAQ: CERS) today announced financial results for the first quarter ended March 31, 2014.
“The first quarter results were in-line with our expectations and reflect the impact of the strategic decisions announced last quarter designed to improve future sales in certain markets covered by distributors. We expect that our direct sales efforts and transition to new distributors will begin to contribute to sales growth in the second half of the year. As a result, we continue to feel comfortable with our 2014 annual revenue guidance of $38 - $40 million,” said William ‘Obi’ Greenman, Cerus’ president and chief executive officer.
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