Cerus Corporation announced unaudited preliminary product revenue results for the fourth quarter 2018. For the quarter, product revenue totaled $16.5 million compared to $16.2 million during the same period the prior year.

The company revised product revenue guidance for the full year 2018 and provided product revenue guidance for the full year 2019. Based on the fourth quarter unaudited preliminary product revenue, the company expects full year 2018 product revenue to be $60.9 million, ahead of the top end of the range of the company's most recent guidance of $58 million to $60 million.

The company expects 2019 product revenue to be in the range of $70 million to $73 million, representing 15% to 20% growth compared to the preliminary 2018 results.