CERS on Nasdaq

CERUS CORP

In its 2026 annual report the company says: “We are a biomedical products company focused on developing and commercializing the INTERCEPT Blood System to enhance blood safety. Our INTERCEPT Blood System is intended for use with blood components and certain of their derivatives: platelets, plasma, red blood cells and to produce INTERCEPT Fibrinogen Complex, or IFC, and pathogen reduced plasma, cryoprecipitate reduced.”4 It is headquartered in Concord, California.1 Its shares trade on Nasdaq under the symbol CERS.1

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Last updated Oct 21, 2026.

Overview

Compare with ORTHOPEDIATRICS CORP, LEMAITRE VASCULAR INC or TREACE MEDICAL CONCEPTS, INC., or pick any stock.

  • TickerCERS on Nasdaq1
  • IndustrySurgical & Medical Instruments & Apparatus1
  • HeadquartersConcord, California1
  • Incorporated inDE2
  • Business address1220 Concord Avenue, Suite 600, Concord, Ca 945202
  • Filer categoryAccelerated filer2

We are a biomedical products company focused on developing and commercializing the INTERCEPT Blood System to enhance blood safety. The INTERCEPT Blood System, which is based on our proprietary technology for controlling biological replication, is designed to reduce blood-borne pathogens in donated blood components intended for transfusion.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-3.7%Operating margin5
-6.7%Net margin5
16.1%Revenue growth, 20255
-24.3%Return on equity5
$1.1MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 88% of the revenue CERUS CORP broke down this way in fiscal 2025.

  1. Product$206.1M588%up 14% from 2024
  2. Government Contract$27.7M512%up 31% from 2024
Products and services by year
Products and services202320242025
Product$156.4M$180.3M$206.1M
Government Contract$30.4M$21.1M$27.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin35¢$80.9M
  • Other costs65¢$152.5M
  • Income tax0¢$354.0K

Out of $233.8M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending77¢$3.7M
  • Kept or used elsewhere23¢$1.1M

Out of $4.8M of cash from operations.5

Financial statements

Revenue67895$233.8M in 2025+149% since 2019
0$100.0M$200.0M$300.0M2019: $93.8M$93.8M20192020: $114.2M$114.2M2020+22%2021: $159.5M$159.5M2021+40%2022: $188.3M$188.3M2022+18%2023: $186.8M$186.8M2023−1%2024: $201.3M$201.3M2024+8%2025: $233.8M$233.8M2025+16%
Operating income67895-$8.7M in 2025−87% since 2019
-$80.0M-$60.0M-$40.0M-$20.0M02019: -$66.2M-$66.2M20192020: -$58.3M-$58.3M2020−12%2021: -$48.9M-$48.9M2021−16%2022: -$34.1M-$34.1M2022−30%2023: -$30.1M-$30.1M2023−12%2024: -$14.2M-$14.2M2024−53%2025: -$8.7M-$8.7M2025−39%
Net income67895-$15.6M in 2025−78% since 2019
-$80.0M-$60.0M-$40.0M-$20.0M02019: -$71.2M-$71.2M20192020: -$59.9M-$59.9M2020−16%2021: -$54.4M-$54.4M2021−9%2022: -$42.8M-$42.8M2022−21%2023: -$37.5M-$37.5M2023−12%2024: -$20.9M-$20.9M2024−44%2025: -$15.6M-$15.6M2025−25%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Revenue$233.8M$201.3M$186.8M
Research and development$67.7M$58.9M$67.6M
Selling, general and administrative$80.9M$75.9M$75.5M
Restructuring$3.7M
Total operating expenses$148.6M$134.8M$146.9M
Loss from operations-$8.7M-$14.2M-$30.1M
Foreign exchange (loss) gain-$1.3M$370.0K-$648.0K
Interest expense-$8.3M-$8.9M-$8.4M
Other income, net$3.0M$2.0M$1.8M
Total non-operating expense, net-$6.6M-$6.5M-$7.3M
Loss before income taxes-$15.3M-$20.8M-$37.3M
Provision for income taxes$354.0K$205.0K$325.0K
Net loss-$15.6M-$21.0M-$37.6M
Net loss attributable to noncontrolling interest-$10.0K-$43.0K-$158.0K
Net loss attributable to Cerus Corporation-$15.6M-$20.9M-$37.5M
Basic-$0.08-$0.11-$0.21
Diluted-$0.08-$0.11-$0.21
Basic190.6M shares184.6M shares180.3M shares
Diluted190.6M shares184.6M shares180.3M shares

Compare CERUS CORP with another company

Corporate structure

CERUS CORP sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CERUS CORP

  • CERUS CORP Concord, California
    • Cerus Europe B.V Subsidiary · Netherlands

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CERUS CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$28.9M5 Dec 31, 2025$25.6M5 Dec 31, 2024+12.8%
Accumulated depreciation$19.7M5 Dec 31, 2025$18.4M5 Dec 31, 2024+6.7%
Property and equipment, net$9.2M5 Dec 31, 2025$7.2M5 Dec 31, 2024+28.7%
Operating-lease assets (leased space)$10.1M5 Dec 31, 2025$8.4M5 Dec 31, 2024+20.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$20.0M5 Dec 31, 2025$20.3M5 Dec 31, 2024−1.5%
Marketable securities, current$62.9M5 Dec 31, 2025$60.2M5 Dec 31, 2024+4.5%
Debt securities available for sale$64.7M5 Dec 31, 2025$62.0M5 Dec 31, 2024+4.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.3M5 Dec 31, 2025$1.3M5 Dec 31, 20240%

Inventory

ItemLatestA year beforeChange
Inventory, total$56.1M5 Dec 31, 2025$38.1M5 Dec 31, 2024+47.1%
Raw materials$8.5M5 Dec 31, 2025$8.6M5 Dec 31, 2024−1.6%
Work in process$22.7M5 Dec 31, 2025$22.5M5 Dec 31, 2024+0.7%
Finished goods$40.1M5 Dec 31, 2025$21.1M5 Dec 31, 2024+89.6%

Properties, in its own words

Our corporate headquarters, which includes our principal executive offices, is located in Concord, California. We lease this facility, which includes 84,631 square feet and includes laboratory space for blood safety research and supports general administrative, marketing and technical support functions. Of the 84,631 square feet, we ceased using approximately 15,000 square feet of rentable area of corporate office building in the third quarter of 2023. We are currently marketing our vacant space, though there continues to be more supply than demand for office space in the San Francisco Bay Area. We also lease an office facility in Amersfoort, the Netherlands, which is used for selling and administrative functions. We believe that our current and future facilities will be adequate for the foreseeable future.

Item 2 of the 10-K filed Mar 2, 2026.4

Leadership

Who has led CERUS CORP, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (26)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Cerus Europe B.V Netherlands3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 30, 20268-K Results of operations43
  2. Jul 20, 2026New chief executive Vivek K. Jayaraman becomes CEO13
  3. Jul 10, 20268-K Executive or director change44
  4. Jun 8, 20268-K Entered a material agreement; Ended a material agreement; New debt or obligation45
  5. Jun 3, 20268-K Executive or director change; Shareholder vote46
  6. Apr 30, 20268-K Results of operations47
  7. Apr 21, 20268-K Executive or director change48
  8. Mar 16, 20268-K Executive or director change49
  9. Mar 2, 20268-K Results of operations50
  10. Jan 23, 20268-K Executive or director change51
  11. Jan 12, 20268-K Results of operations52
  12. Nov 6, 20258-K Results of operations53
  13. Aug 5, 20258-K Results of operations54
  14. Apr 20, 2011New chief executive William Mariner Greenman becomes CEO14

Calendar

Coming up

  1. Nov 2, 2026 · After the closeReports results for the quarter ending Sep/202655

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results43
  2. Apr 30, 2026Reported quarterly or annual results47
  3. Mar 2, 2026Reported quarterly or annual results50
  4. Jan 12, 2026Reported quarterly or annual results52
  5. Nov 6, 2025Reported quarterly or annual results53
  6. Aug 5, 2025Reported quarterly or annual results54
  7. May 1, 2025Reported quarterly or annual results56
  8. Feb 20, 2025Reported quarterly or annual results57

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

314 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 161 insider forms, 30 large holders, 56 other. The latest 20:

  1. Aug 17, 2026144 EDGAR
  2. Aug 17, 20264 EDGAR
  3. Aug 14, 2026SCHEDULE 13G/A EDGAR
  4. Aug 14, 2026SCHEDULE 13G/A EDGAR
  5. Aug 13, 2026SCHEDULE 13G/A EDGAR
  6. Jul 30, 2026S-8 EDGAR
  7. Jul 30, 202610-Q EDGAR
  8. Jul 30, 20268-K EDGAR
  9. Jul 20, 20264 EDGAR
  10. Jul 16, 2026144 EDGAR
  11. Jul 10, 20268-K EDGAR
  12. Jul 2, 20264 EDGAR
  13. Jul 2, 20264 EDGAR
  14. Jul 2, 20264 EDGAR
  15. Jul 2, 20264 EDGAR
  16. Jun 11, 20264 EDGAR
  17. Jun 9, 2026144 EDGAR
  18. Jun 8, 20268-K EDGAR
  19. Jun 3, 20268-K EDGAR
  20. Jun 2, 20264 EDGAR

The 314 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

105 open-market trades by officers, directors and large owners since October 2021: 12 buys and 93 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 17, 2026Jensen ChrystalChief Legal OfficerSale30,000$2.98$89.4KForm 4
Jul 16, 2026Jayaraman Vivek KChief Executive OfficerSale16,666$3.16$52.7KForm 4
Jun 30, 2026Jayaraman Vivek KChief Executive OfficerSale42,359$2.94$124.5KForm 4
Jun 30, 2026Jensen ChrystalChief Legal OfficerSale24,329$2.94$71.5KForm 4
Jun 30, 2026Green Kevin DennisChief Financial OfficerSale33,676$2.94$99.0KForm 4
Jun 30, 2026Greenman William MarinerPresident and CEOSale101,919$2.94$299.6KForm 4
Jun 9, 2026BJERKHOLT ERICDirectorSale20,454$2.60$53.2KForm 4
May 29, 2026Jayaraman Vivek KChief Executive OfficerSale16,667$3.00$50.0KForm 4
May 1, 2026Jayaraman Vivek KChief Executive OfficerSale16,667$3.00$50.0KForm 4
Mar 12, 2026Jayaraman Vivek KChief Executive OfficerSale165,200$1.66$274.2KForm 4
Mar 12, 2026Green Kevin DennisChief Financial OfficerSale127,544$1.66$211.7KForm 4
Mar 12, 2026Greenman William MarinerPresident and CEOSale447,757$1.66$743.3KForm 4
Mar 12, 2026Benjamin Richard JChief Medical OfficerSale101,740$1.66$168.9KForm 4
Mar 9, 2026Benjamin Richard JChief Medical OfficerSale40,426$1.88$76.0KForm 4
Mar 9, 2026Benjamin Richard JChief Medical OfficerSale40,426$1.88$76.0KForm 4
Mar 6, 2026Jayaraman Vivek KChief Executive OfficerSale34,094$2.01$68.5KForm 4
Mar 6, 2026Jensen ChrystalChief Legal OfficerSale30,845$2.01$62.0KForm 4
Mar 6, 2026Green Kevin DennisChief Financial OfficerSale27,796$2.01$55.9KForm 4
Mar 6, 2026Greenman William MarinerPresident and CEOSale78,187$2.01$157.2KForm 4
Mar 6, 2026Benjamin Richard JChief Medical OfficerSale24,235$2.01$48.7KForm 4

All 105 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025William M. Greenman59$793.8K$3.8M66
2025Vivek Jayaraman51$565.8K$2.2M66
2025Kevin D. Green54$507.4K$1.8M66
2025Chrystal Jensen55$487.1K$1.6M66
2025Richard Benjamin$508.7K$1.5M66
2024President and$770.0K$3.0M66
2024Chief Operating Officer$548.4K$1.5M66
2024Chief Financial Officer$488.1K$1.3M66
2024Chief Medical Officer$493.1K$1.1M66
2024Chief Legal OfficerGeneral$468.5K$1.1M66
2023Chief Executive Officer$763.8K$3.7M66
2023Chief Operating Officer$544.0K$1.8M66
2023Chief Financial Officer$484.2K$1.5M66
2023Chief Medical Officer$489.1K$1.3M66
2023Counsel and Secretary$464.8K$1.3M66

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.22,215,127$64.9M0.0%+639,708
ARK Investment Management LLC17,932,099$52.4M0.3%−1,229,049
Vanguard Capital Management LLC8,563,424$25.0M0.0%+431,646
Baker Bros. Advisors LP6,395,431$18.7M0.1%−3,612,914
D. E. Shaw & Co., Inc.5,485,983$16.0M0.0%+1,754,832
Geode Capital Management, LLC5,119,019$15.0M0.0%+481,579
State Street Corp4,753,962$13.9M0.0%+539,060
Senvest Management, LLC4,614,061$13.5M0.4%+500,000
Sumitomo Mitsui Trust Group, Inc.4,139,532$12.1M0.0%−377,074
Amova Asset Management Americas, Inc.4,132,534$12.1M0.2%−384,072
Silvercrest Asset Management Group LLC4,077,187$11.9M0.1%−164,224
Two Sigma Investments, LP3,484,633$10.2M0.0%+739,612
Silverarc Capital Management, LLC3,472,737$10.1M1.1%+296,190
Wasatch Advisors LP3,383,899$9.9M0.1%−1,897,237
Mackenzie Financial Corp3,002,694$8.8M0.0%+2,961,958
Vanguard Portfolio Management LLC2,768,990$8.1M0.0%+849,923
Soleus Capital Management, L.P.2,500,000$7.3M0.3%−8,253,700
Ieq Capital, LLC2,406,330$7.0M0.0%−36,911
Goldman Sachs Group Inc2,317,802$6.8M0.0%−450,801
Aqr Capital Management LLC1,878,275$5.5M0.0%−234,957
Charles Schwab Investment Management Inc1,733,553$5.1M0.0%+103,484
Northern Trust Corp1,697,977$5.0M0.0%+212,887
Algert Global LLC1,491,119$4.4M0.1%+1,372,243
Vanguard Fiduciary Trust Co1,427,346$4.2M0.0%+123,248
Fmr LLC1,412,678$4.1M0.0%+206,941

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How CERUS CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCERUS CORP1
  • CIK0001020214
  • Employer ID (EIN)68-02620114
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)3841 Surgical & Medical Instruments & Apparatus1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address1220 Concord Avenue, Suite 600, Concord, CA 945201
  • Phone92528860001
  • Shares outstanding201,524,898 as of Jul 16, 202611
  • Public float$230.0M as of Jun 30, 20254
  • AuditorErnst & Young LLP, San Francisco, California PCAOB ID 42; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceSep 4, 19961
  • Filings1,510 in all: 4 (658), 8-K (254), SC 13G/A (95), 10-Q (89), CT ORDER (59), DEF 14A (29), 10-K (27), SC 13G (27)1
    All 47 form types

    S-8 (26), 424B5 (23), DEFA14A (22), 4/A (21), 144 (20), 3 (18), UPLOAD (16), ARS (14), CORRESP (13), SD (13), S-3 (11), S-3/A (11), SCHEDULE 13G/A (9), EFFECT (6), 10-K/A (4), 3/A (4), 424B3 (4), SC 13D/A (4), PRE 14A (3), S-1/A (3), SC 13D (3), 10-K405 (2), 10-Q/A (2), 424B4 (2), 8-A12G (2), S-3MEF (2), SEC STAFF LETTER (2), 15-12G (1), 8-A12G/A (1), 8-K/A (1), DEFR14A (1), FWP (1), NTN 10K (1), POS AM (1), POSASR (1), REGDEX (1), S-1 (1), S-3ASR (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 2, 2026
    Quarterly report (10-Q) Jul 30, 2026
    Proxy statement (DEF 14A) Apr 22, 2026
    Latest 8-K (8-K) Jul 30, 2026

Securities registered for trading

ClassSymbolExchange
Common StockCERSThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Mar 2, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks CERUS CORP names in Item 1A of its 10-K filed Mar 2, 2026: 39 risks under these headings, as written.4

  • Risks Related to Our Business and Industry
  • We depend substantially upon the commercial success of the INTERCEPT Blood System for platelets, plasma and cryoprecipitation in the U.S., and our inability to successfully commercialize the INTERCEPT Blood System in the U.S. would have a material adverse effect on our business, financial condition, results of operations and growth prospects.
  • The INTERCEPT Blood System may not achieve or be able to sustain broad market adoption.
  • We are exposed to risks associated with the highly concentrated market for the INTERCEPT Blood System.
  • We may be unable to develop and maintain an effective and qualified U.S.-based commercial organization or educate blood centers, clinicians and hospital personnel. As a result, we may not be able to successfully educate the market on the value of pathogen reduction or commercialize our products in the U.S.
  • We have very limited experience selling directly to hospitals or expertise complying with regulations governing finished biologics, and our inability to successfully commercialize the INTERCEPT Blood System for cryoprecipitation in the U.S. would have a material adverse effect on our business, financial condition, results of operations and growth prospects.
  • We may be liable and we may need to withdraw our products from the market if our products harm people. We may be liable if an accident occurs in our controlled use of hazardous materials. Our insurance coverage may be inadequate to offset losses we may incur.
  • A recall of our products, either voluntarily or at the direction of the FDA, the competent authorities of an EU Member State, or another governmental authority, including foreign regulatory authority or the discovery of serious safety issues with our products that leads to corrective actions, could have a significant adverse impact on us.
  • If our competitors develop products superior to ours, market their products more effectively, or receive regulatory approval or certification before our products, our commercial opportunities could be reduced or be eliminated. Competitors have and may continue to file claims in order to impede the marketability of our products, regardless of the merit of such claims.
  • Our platelet and plasma products and product candidates are not compatible with some collection, production and storage methods or combinations thereof. Further, blood centers using INTERCEPT must have access to those certain devices, blood bags, assays or platelet additive solutions that are compatible with our products.
  • Clinical trials are costly and time consuming, may take longer than we expect or may not be completed at all, and their outcomes are uncertain. A failure to generate data in clinical trials to support expanded label claims or to support marketing approvals or certification for our product candidates could materially and adversely affect our business, financial condition, results of operations and growth prospects.
  • The red blood cell system is currently in development and may never receive any marketing approvals or CE Certificates of Conformity.
The other 28 risks
  • Risks Related to Regulatory Approval, CE Certificates of Conformity, and Oversight, and Other Legal Compliance Matters
  • Our company, our products, and blood products treated with the INTERCEPT Blood System are subject to extensive regulation by domestic authorities, foreign authorities and Notified Bodies.
  • If we or our third-party suppliers fail to comply with the FDA’s or other regulatory authorities’ or foreign regulatory authorities’ good manufacturing practice regulations, it could impair our ability to market our products in a cost-effective and timely manner.
  • If we modify our FDA-approved or CE Marked products, we may need to seek additional approvals, or certification, which, if not granted, would prevent us from selling our modified products.
  • We are subject to federal, state and foreign laws governing our business practices which, if violated, could result in substantial penalties and harm our reputation and business.
  • Legislative, regulatory, or other healthcare reforms may make it more difficult and costly for us to obtain regulatory approval or CE Certificates of Conformity for our products and to produce, market and distribute our products after approval or certification is obtained.
  • Risks Related to Government Contracts
  • Unfavorable provisions in government contracts, including in our contracts with BARDA and DoD, may harm our business, financial condition and operating results.
  • Laws and regulations affecting government contracts, including our agreements with BARDA and DoD, make it more costly and difficult for us to successfully conduct our business. Failure to comply with laws and regulations could result in significant civil and criminal penalties and adversely affect our business.
  • Risks Related to Our Reliance on Third Parties
  • We rely on third parties to market, sell, distribute and maintain our products and to maintain customer relationships in certain countries.
  • Our manufacturing supply chain exposes us to significant risks.
  • Obsolescence or shortage of raw materials, key components of and accessories to the INTERCEPT Blood System, may impact our ability to supply our customers, may negatively impact the operational costs of our customers and may increase the prices at which we sell our products, resulting in slower than anticipated growth or negative future financial performance.
  • Risks Related to Our Financial Condition and Capital Requirements
  • We expect to continue to generate losses and we may never achieve a profitable level of operations.
  • If we fail to obtain the capital necessary to fund our future operations or if we are unable to generate sufficient positive cash flows from our operations, we will need to curtail planned development or sales and commercialization activities.
  • Covenants in our Term Loan Credit Agreement and Revolving Loan Credit Agreement can restrict our business and operations in many ways and if we do not effectively manage our covenants, our financial conditions and results of operations could be adversely affected. In addition, our operations may not provide sufficient cash to meet the repayment obligations of our debt incurred under the Term Loan Credit Agreement and Revolving Loan Credit Agreement.
  • Risks Related to Managing Our Growth and Other Business Risks
  • We operate a complex global commercial organization, with limited experience in many countries. We have limited resources and experience complying with regulatory, legal, tax and political complexities as we expand into new and increasingly broad geographies. We may be distracted by expansion into new geographies where we do not have experience and we may be unsuccessful in monetizing such opportunities for the benefit of our organization at large.
  • Adverse market and economic conditions may exacerbate certain risks affecting our business.
  • Risks associated with our operations outside of the United States could adversely affect our business.
  • If we fail to attract, retain and motivate key personnel or to retain the members of our executive management team, our operations and our future growth may be adversely affected.
  • Virtually all of our research and development activities and the significant majority of our general and administrative activities are performed in or managed from a single site that may be subject to lengthy business interruption in the event of a severe earthquake. We also may suffer loss of computerized information and may be unable to make timely filings with regulatory agencies in the event of catastrophic failure of our data storage and backup systems.
  • Disruptions or other compromises of information technology systems or actual or perceived breaches of data security could adversely affect our business.
  • Uncertainties in the interpretation and application of existing, new and proposed tax laws and regulations could materially affect our tax obligations and effective tax rate.
  • Our ability to use our net operating loss carryforwards and certain other tax attributes is uncertain and may be limited.
  • Risks Related to Our Intellectual Property
  • We may not be able to protect our intellectual property or operate our business without infringing intellectual property rights of others.
  • Risks Related to Our Common Stock
  • Our stock price is volatile and your investment may suffer a decline in value.
  • The exclusive forum provisions in our amended and restated bylaws could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or any of our directors, officers or employees, or our stockholders, or the underwriters of any offering giving rise to such claim, which may discourage lawsuits with respect to such claims.
  • Because we do not anticipate paying any cash dividends on our common stock in the foreseeable future, capital appreciation, if any, will be your sole source of gain.
  • General Risk Factors
  • We are obligated to develop and maintain proper and effective internal control over financial reporting. In the future, we may not complete our analysis of our internal control over financial reporting in a timely manner, or these internal controls may not be determined to be effective, which may adversely affect investor confidence in our company and, as a result, the value of our common stock.
  • Provisions of our charter documents, our compensatory arrangements and Delaware law could make it more difficult for a third-party to acquire us, even if the offer may be considered beneficial by our stockholders.

Sources

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  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66