ARTIVION INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
AORT$20.47-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
In Thousands, Except Per Share Data
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues: | |||
| Products | $290,230 | $261,185 | $230,353 |
| Preservation services | 98,307 | 92,819 | 83,436 |
| Total revenues | 388,537 | 354,004 | 313,789 |
| Cost of products and preservation services: | |||
| Products | 99,385 | 84,595 | 72,166 |
| Preservation services | 40,371 | 40,233 | 39,100 |
| Total cost of products and preservation services | 139,756 | 124,828 | 111,266 |
| Gross margin | 248,781 | 229,176 | 202,523 |
| Operating expenses: | |||
| General, administrative, and marketing | 181,455 | 208,977 | 157,443 |
| Research and development | 28,452 | 28,707 | 38,879 |
| Total operating expenses | 209,907 | 237,684 | 196,322 |
| Gain from sale of non-financial assets | — | (14,250) | — |
| Operating income | 38,874 | 5,742 | 6,201 |
| Interest expense | 34,277 | 25,299 | 18,224 |
| Interest income | (1,467) | (1,077) | (147) |
| Loss on extinguishment of debt | 3,669 | — | — |
| Other expense, net | 9,909 | 3,106 | 3,108 |
| Loss before income taxes | (7,514) | (21,586) | (14,984) |
| Income tax expense | 5,845 | 9,104 | 4,208 |
| Net loss | $(13,359) | $(30,690) | $(19,192) |
| Loss per share: | |||
| Basic | $(0.32) | $(0.75) | $(0.48) |
| Diluted | $(0.32) | $(0.75) | $(0.48) |
| Weighted-average common shares outstanding: | |||
| Basic | 41,676 | 40,743 | 40,032 |
| Diluted | 41,676 | 40,743 | 40,032 |
| Net loss | $(13,359) | $(30,690) | $(19,192) |
| Other comprehensive loss: | |||
| Foreign currency translation adjustments, net of tax | (12,917) | 9,599 | (11,722) |
| Comprehensive loss | $(26,276) | $(21,091) | $(30,914) |
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