Artivion, Inc. (AORT)

Artivion Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	368.21	354	313.79	298.84	253.23	276.22
Revenue Growth (YoY)	15.13%	12.82%	5.00%	18.01%	-8.32%	5.09%
Cost of Revenue	129.81	124.83	111.27	101.32	85.44	93.21
Gross Profit	238.4	229.18	202.52	197.51	167.78	183.01
Selling, General & Admin	189.3	208.98	157.44	169.77	141.14	143.01
Research & Development	28.43	28.71	38.88	35.55	24.21	22.96
Operating Expenses	217.73	237.68	196.32	205.32	165.34	165.97
Operating Income	20.66	-8.51	6.2	-7.81	2.44	17.04
Interest Expense / Income	27.03	25.3	18.22	16.89	16.7	14.89
Other Expense / Income	-6.48	-12.22	2.96	-9.87	2.92	0.51
Pretax Income	0.11	-21.59	-14.98	-14.83	-17.17	1.64
Income Tax	9.74	9.1	4.21	0.01	-0.49	-0.08
Net Income	-9.63	-30.69	-19.19	-14.83	-16.68	1.72
Shares Outstanding (Basic)	41	41	40	39	38	37
Shares Outstanding (Diluted)	48	41	40	39	38	38
Shares Change	18.44%	1.78%	2.69%	2.96%	0.00%	3.98%
EPS (Basic)	-0.24	-0.75	-0.48	-0.38	-0.44	0.05
EPS (Diluted)	-0.24	-0.75	-0.48	-0.38	-0.44	0.05
Free Cash Flow	10.68	11.4	-14.17	-15.68	5.04	7.76
Free Cash Flow Per Share	0.26	0.28	-0.35	-0.40	0.13	0.21
Gross Margin	64.75%	64.74%	64.54%	66.09%	66.26%	66.26%
Operating Margin	5.61%	-2.40%	1.98%	-2.61%	0.96%	6.17%
Profit Margin	-2.61%	-8.67%	-6.12%	-4.96%	-6.59%	0.62%
Free Cash Flow Margin	2.90%	3.22%	-4.52%	-5.25%	1.99%	2.81%
Effective Tax Rate	8542.98%	-	-	-	-	-4.62%
EBITDA	57.87	34.14	33.11	33.56	27.38	39.86
EBITDA Margin	15.72%	9.64%	10.55%	11.23%	10.81%	14.43%
Depreciation & Amortization	30.72	30.43	29.87	31.5	27.86	23.33
EBIT	27.14	3.71	3.24	2.06	-0.48	16.53
EBIT Margin	7.37%	1.05%	1.03%	0.69%	-0.19%	5.98%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).