earnings
confidence high
sentiment neutral
materiality 0.55
AtriCure Q3 revenue $70.5M, +28.7% YoY; adj EPS -$0.23; FY guide reaffirmed
AtriCure, Inc.
2021-Q3 EPS reported
$1.39
revenue$201,111,000
- Revenue $70.5M, up 28.7% YoY (28.6% constant currency); U.S. $57.5M (+28.7%), intl $12.9M (+28.5%).
- GAAP income from operations $98.7M vs loss $4.0M, driven by $189.9M fair value credit and $82.3M impairment charge.
- Adjusted EBITDA $0.7M positive vs $4.2M positive; adjusted loss per share $0.23 vs $0.11 loss.
- Maintains FY2021 revenue guidance $270-275M (~31-33% growth); adj EBITDA loss ~$10M; adj EPS loss ~$1.20.
- CEO cites growth in Cryo Nerve Block and Hybrid AF accounts; delta variant impacts felt across the country.