ARTIVION INC
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
AORT$20.47-0.8%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income
In Thousands, Except Per Share Data
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Products | $73,210 | $66,003 | $144,324 | $128,294 |
| Preservation services | 24,809 | 23,248 | 51,126 | 44,186 |
| Total revenues | 98,019 | 89,251 | 195,450 | 172,480 |
| Cost of products and preservation services: | ||||
| Products | 24,545 | 20,977 | 48,295 | 40,510 |
| Preservation services | 10,150 | 10,190 | 20,885 | 20,159 |
| Total cost of products and preservation services | 34,695 | 31,167 | 69,180 | 60,669 |
| Gross margin | 63,324 | 58,084 | 126,270 | 111,811 |
| Operating expenses: | ||||
| General, administrative, and marketing | 49,320 | 57,241 | 80,009 | 107,606 |
| Research and development | 7,497 | 7,418 | 14,443 | 14,641 |
| Total operating expenses | 56,817 | 64,659 | 94,452 | 122,247 |
| Gain from sale of non-financial assets | — | (14,250) | — | (14,250) |
| Operating income | 6,507 | 7,675 | 31,818 | 3,814 |
| Interest expense | 8,304 | 6,356 | 16,130 | 12,452 |
| Interest income | (353) | (265) | (727) | (340) |
| Loss on extinguishment of debt | — | — | 3,669 | — |
| Other expense, net | 983 | 4,241 | 2,392 | 3,278 |
| (Loss) income before income taxes | (2,427) | (2,657) | 10,354 | (11,576) |
| Income tax (benefit) expense | (306) | 725 | 4,942 | 5,338 |
| Net (loss) income | $(2,121) | $(3,382) | $5,412 | $(16,914) |
| (Loss) income per share: | ||||
| Basic | $(0.05) | $(0.08) | $0.13 | $(0.41) |
| Diluted | $(0.05) | $(0.08) | $0.13 | $(0.41) |
| Weighted-average common shares outstanding: | ||||
| Basic | 41,683 | 40,755 | 41,487 | 40,595 |
| Diluted | 41,683 | 40,755 | 42,405 | 40,595 |
| Net (loss) income | $(2,121) | $(3,382) | $5,412 | $(16,914) |
| Other comprehensive (loss) income: | ||||
| Foreign currency translation adjustments | (2,727) | 1,026 | (5,864) | $5,647 |
| Unrealized gain (loss) from foreign currency intra-entity loans, net of tax | 404 | 800 | 2,013 | (205) |
| Comprehensive (loss) income | $(4,444) | $(1,556) | $1,561 | $(11,472) |
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