ARTIVION INC

For the period ended Mar 31, 2024. Filed May 7, 2024.

About this filing

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.

Mar 31, 2024 · Filed May 7, 2024

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

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

In Thousands, Except Per Share Data

	Three Months EndedMarch 31,
	2024	2023
Revenues:
Products	$71,114	$62,291
Preservation services	26,317	20,938
Total revenues	97,431	83,229
Cost of products and preservation services:
Products	23,750	19,533
Preservation services	10,735	9,969
Total cost of products and preservation services	34,485	29,502
Gross margin	62,946	53,727
Operating expenses:
General, administrative, and marketing	30,689	50,365
Research and development	6,946	7,223
Total operating expenses	37,635	57,588
Operating income (loss)	25,311	(3,861)
Interest expense	7,826	6,096
Interest income	(374)	(75)
Loss on extinguishment of debt	3,669	—
Other expense (income), net	1,409	(963)
Income (loss) before income taxes	12,781	(8,919)
Income tax expense	5,248	4,613
Net income (loss)	$7,533	$(13,532)
Income (loss) per share:
Basic	$0.18	$(0.33)
Diluted	$0.18	$(0.33)
Weighted-average common shares outstanding:
Basic	41,290	40,432
Diluted	47,886	40,432
Net income (loss)	$7,533	$(13,532)
Other comprehensive (loss) income:
Foreign currency translation adjustments	(3,137)	4,621
Unrealized gain (loss) from foreign currency intra-entity loans, net of tax	1,609	(1,005)
Comprehensive income (loss)	$6,005	$(9,916)

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.