earnings
confidence high
sentiment neutral
materiality 0.70
Artivion Q3 revenue $76.8M (+6% GAAP, +11% constant currency); net loss $0.34/share
ARTIVION, INC.
2022-Q3 EPS reported
-$0.53
revenue$234,391,000
- Revenue $76.8M, up 6% GAAP and 11% constant currency vs Q3 2021.
- On-X revenues up 17% GAAP and 19% constant currency; tissue processing up 13% constant currency.
- Net loss ($13.7M) or ($0.34)/share vs net income $10.6M ($0.26) in Q3 2021. Includes $4.7M PROACT Xa termination charge and $3.7M FX loss.
- Non-GAAP net loss ($1.9M) or ($0.05)/share vs ($1.2M) ($0.03) prior year.
- 2022 outlook: narrowing constant currency revenue growth to 9-10%; full-year revenue expected $313M-$316M.