secwatch.observer — SEC 8-K summary
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Issuer:     ATRION CORP (—)
CIK:        0000701288
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001171843-24-002766
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Atrion Q1 revenue up 18% to $47.3M; EPS falls to $1.59 on inventory write-off
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- Revenue of $47.3M vs $40.0M YoY; net income $2.8M vs $3.5M; diluted EPS $1.59 vs $1.98.
- Operating income of $3.1M includes $2.3M one-time inventory write-off; excluding write-off, operating income up 22%.
- GAAP gross margin 26.1%, adjusted to 31.0% vs 37.7% due to under-absorption from halted production lines and product mix.
- Record MPS 3 console sales drove revenue growth; management expects normal production levels by Q3 2024 and improved margins.
- Cash and investments $18.7M; no debt; investment portfolio weakness also contributed to net income decline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701288/000117184324002766/0001171843-24-002766-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701288/000117184324002766/f8k_051024.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-002766

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