ARTIVION INC

For the period ended Dec 31, 2023. Filed Feb 23, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 23, 2024

AORT$20.47-0.8%Stored close · as of Nov 10, 2026

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Contents

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

	Year Ended December 31,
	2023	2022	2021
Revenues:
Products	$261,185	$230,353	$221,597
Preservation services	92,819	83,436	77,239
Total revenues	354,004	313,789	298,836
Cost of products and preservation services:
Products	84,595	72,166	65,196
Preservation services	40,233	39,100	36,126
Total cost of products and preservation services	124,828	111,266	101,322
Gross margin	229,176	202,523	197,514
Operating expenses:
General, administrative, and marketing	208,977	157,443	169,774
Research and development	28,707	38,879	35,546
Total operating expenses	237,684	196,322	205,320
Gain from sale of non-financial assets	(14,250)	—	(15,923)
Operating income	5,742	6,201	8,117
Interest expense	25,299	18,224	16,887
Interest income	(1,077)	(147)	(79)
Other expense, net	3,106	3,108	6,136
Loss before income taxes	(21,586)	(14,984)	(14,827)
Income tax expense	9,104	4,208	7
Net loss	$(30,690)	$(19,192)	$(14,834)
Loss per share:
Basic	$(0.75)	$(0.48)	$(0.38)
Diluted	$(0.75)	$(0.48)	$(0.38)
Weighted-average common shares outstanding:
Basic	40,743	40,032	38,983
Diluted	40,743	40,032	38,983
Net loss	$(30,690)	$(19,192)	$(14,834)
Other comprehensive income (loss):
Foreign currency translation adjustments	9,599	(11,722)	(16,630)
Comprehensive loss	$(21,091)	$(30,914)	$(31,464)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.