NASDAQ$ATRC

Atricure Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

AtriCure reported strong revenue growth in Q4 2024, driven by international expansion and new product launches, despite a net loss.

AtriCure, Inc. announced a 16.6% increase in worldwide revenue for the fourth quarter of 2024, reaching $124.3 million. The company reported a net loss of $15.6 million, or $0.33 per share, for the quarter, and positive adjusted EBITDA of $12.7 million.

  • Worldwide revenue increased by 16.6% year-over-year to $124.3 million in Q4 2024.
  • U.S. revenue grew by 14.4% to $101.6 million, while international revenue surged by 27.7% to $22.7 million.
  • The company launched several new devices, including cryoSPHERE®+, cryoSPHERE MAX™, AtriClip® FLEX-Mini™™, and EnCompass® clamp.
  • Gross profit for Q4 2024 was $92.6 million, with a gross margin of 74.5%.

Headline financials

Total Revenue

$124M

Previous: $107M+16.6%
EPS (adj)

-$0.08

Previous: -$0.21+61.9%
Gross Margin

74.5%

Previous: 74.9%-0.5%
Adjusted EBITDA

$12.7M

Previous: $4.8M+164.6%
Net Income

-$15.6M

Previous: -$9.79M-59.0%
Operating Income

-$14.5M

Previous: -$8.67M-67.5%
Gross Profit

$92.6M

Previous: $79.8M+16.0%

Revenue & EPS history

Atricure · Revenue · Quarterly

$124M

Q4 2024+16.6%vs Q4 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Atricure · $93.5M total across 8 segments · Q1 2023

  • Appendage Management (U.S.)
    $32.3M
  • Open Ablation (U.S.)
    $25.1M
  • Pain Management (U.S.)
    $11.1M
  • Minimally Invasive Ablation (U.S.)
    $9.64M
  • Open Ablation (International)
    $7.29M
  • Appendage Management (International)
    $5.92M
  • Minimally Invasive Ablation (International)
    $1.87M
  • Pain Management (International)
    $228K

Forward guidance

AtriCure projects full year 2025 revenue to be between $517 million and $527 million, with positive adjusted EBITDA expected to be between $42 million and $44 million. Adjusted loss per share is anticipated to be in the range of $0.57 to $0.64, with modest cash flow generation.

Tailwinds

  • Projected full year 2025 revenue growth to $517 million - $527 million.
  • Expected increase in positive adjusted EBITDA to $42 million - $44 million for FY 2025.
  • Anticipated modest cash flow generation for the full year 2025.
  • Continued market penetration and physician adoption.
  • Ongoing new product launches across key franchises.

Headwinds

  • Projected adjusted loss per share of $0.57 to $0.64 for FY 2025.
  • Potential impacts from rising healthcare costs.
  • Risks associated with competition from existing and new products.
  • Uncertainties related to regulatory clearances and approvals.
  • Potential disruptions to manufacturing operations.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.7%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-0.3%

Avg return

30 days after

48%

31 / 64 earnings

Positive

+21.1%

Q3 2024

Best reaction

-13.7%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.0%-10.5%-7.9%
Q4 2025-2.3%-3.6%-11.5%
Q3 2025-3.7%-7.6%+1.9%
Q1 2025-13.7%-16.1%-0.2%
Q4 2024-6.5%-9.8%-21.4%
Q3 2024+21.1%+16.6%+25.8%
Q2 2024-1.8%+0.4%+17.6%
Q1 2024-7.9%-8.4%-6.6%
Q4 2023+0.6%+1.4%-1.2%
Q3 2023+5.6%+9.3%+5.6%
Q2 2023+8.2%+3.8%-14.6%
Q1 2023+7.1%+7.1%+1.5%
Q4 2022+5.3%-1.3%-5.9%
Q3 2022-4.2%-5.9%+9.1%
Q2 2022+1.1%+4.3%-11.9%
Q1 2022-2.6%-17.8%-21.4%
Q4 2021+5.8%-3.8%+2.2%
Q3 2021+10.0%+9.2%-16.0%
Q2 2021-2.5%-5.4%-8.6%
Q1 2021+5.8%+16.8%+11.5%
Q4 2020-4.3%+0.1%-4.3%
Q3 2020+0.2%+6.8%+25.8%
Q2 2020-7.2%-10.7%-8.8%
Q1 2020+10.0%+4.7%+22.0%
Q4 2019-3.8%-10.1%-37.9%
Q3 2019-2.8%+4.4%+8.7%
Q2 2019+1.3%-0.3%-13.9%
Q1 2019+4.8%+7.4%+5.5%
Q4 2018-5.6%-8.4%-17.8%
Q3 2018-1.4%+0.7%+5.3%
Q2 2018+11.2%+7.2%+20.6%
Q1 2018+9.5%+7.8%+18.2%
Q4 2017+5.5%+1.9%+11.2%
Q3 2017-8.7%-12.3%-13.6%
Q2 2017+3.0%-0.4%-7.8%
Q1 2017+9.4%+5.5%+2.0%
Q4 2016+4.9%-5.5%+1.1%
Q3 2016+7.3%+9.0%+17.5%
Q2 2016-10.7%-4.2%+4.8%
Q1 2016-10.4%
Q4 2015-5.5%
Q3 2015-0.7%
Q2 2015+14.5%
Q1 2015+7.6%
Q4 2014-4.4%
Q3 2014+2.8%
Q2 2014-4.4%
Q1 2014-2.3%
Q4 2013-0.9%
Q3 2013+1.1%
Q2 2013+0.9%
Q1 2013+9.1%
Q4 2012+5.6%
Q3 2012+20.3%
Q2 2012-6.7%
Q1 2012-5.1%
Q4 2011-4.7%
Q3 2011-5.0%
Q2 2011-13.2%
Q1 2011+2.6%
Q4 2010+2.6%
Q3 2010-0.6%
Q2 2010-0.4%
Q1 2010-1.5%

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