AtriCure Inc
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
ATRC$56.26-2.6%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) Income
YEARS ENDED DECEMBER 31, 2023, 2022 and 2021
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Revenue | $399,245 | $330,379 | $274,329 |
| Cost of revenue | 98,875 | 84,439 | 68,469 |
| Gross profit | 300,370 | 245,940 | 205,860 |
| Operating expenses (benefit): | |||
| Research and development expenses | 73,915 | 57,337 | 48,506 |
| Selling, general and administrative expenses | 253,138 | 231,272 | 204,649 |
| Change in fair value of contingent consideration (Note 2) | — | — | (184,800) |
| Intangible asset impairment (Note 4) | — | — | 82,300 |
| Total operating expenses | 327,053 | 288,609 | 150,655 |
| (Loss) income from operations | (26,683) | (42,669) | 55,205 |
| Other income (expense): | |||
| Interest expense | (6,925) | (4,986) | (4,918) |
| Interest income | 3,792 | 1,994 | 466 |
| Other | (31) | (537) | (366) |
| (Loss) income before income tax expense | (29,847) | (46,198) | 50,387 |
| Income tax expense | 591 | 268 | 188 |
| Net (loss) income | $(30,438) | $(46,466) | $50,199 |
| Net (loss) income per share: | |||
| Basic net (loss) income per share | $(0.66) | $(1.02) | $1.11 |
| Diluted net (loss) income per share | $(0.66) | $(1.02) | $1.09 |
| Weighted average shares outstanding: | |||
| Basic | 46,309 | 45,740 | 45,066 |
| Diluted | 46,309 | 45,740 | 46,039 |
| Comprehensive (loss) income: | |||
| Unrealized gain (loss) on investments | $2,898 | $(2,811) | $(941) |
| Foreign currency translation adjustment | 205 | (337) | (319) |
| Other comprehensive income (loss) | 3,103 | (3,148) | (1,260) |
| Net (loss) income | (30,438) | (46,466) | 50,199 |
| Comprehensive (loss) income, net of tax | $(27,335) | $(49,614) | $48,939 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.