NYSE$AORT

Artivion Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

CryoLife's business returned to growth driven by new product launches, recovery in procedure volume, improved inventory, and international expansion.

CryoLife reported a 7% increase in total revenues compared to Q1 2020. The company's growth was driven by new product launches outside the U.S., a recovery in procedure volume in the U.S., an improved JOTEC inventory position, and international expansion efforts.

  • Total revenues increased by 7% on a GAAP basis.
  • Net loss was ($3.1) million, or ($0.08) per share.
  • Non-GAAP net income was $1.4 million, or $0.03 per share.
  • Company is on-track to file PMAs for PerClot and PROACT Mitral later in 2021.

Headline financials

Total Revenue

$71.1M

Previous: $66.4M+7.0%
EPS (adj)

$0.03

Previous: -$0.08+137.5%
Adjusted EBITDA

$11.4M

Previous: $7.42M+53.3%
Capital Expenditures

-$1.5M

Previous: -$2.54M+40.8%
Free Cash Flow

-$4.64M

Previous: -$9.2M+49.6%
Net Income

-$3.14M

Previous: -$6.67M+52.9%
Operating Income

$1.45M

Previous: -$1.19M+221.8%
Gross Profit

$47.8M

Previous: $44.2M+8.3%
Cash & Equivalents

$56.6M

Previous: $63.4M-10.8%
Total Assets

$795M

Previous: $621M+28.0%
Stock-Based Comp

$2.48M

Previous: $2.56M-3.3%

Revenue & EPS history

Artivion · Revenue · Quarterly

$71.1M

Q1 2021+7%vs Q1 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Artivion · $13.7M total across 1 segment · Q4 2020

  • On-X
    $13.7M+2.4%

Forward guidance

Due to continued uncertainties resulting from the COVID-19 global pandemic, particularly in Europe, the Company is not issuing full year 2021 financial guidance at this time.

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 Q1 2021

Historical avgQ1 2021

+1.0%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+3.3%

Avg return

30 days after

52%

33 / 64 earnings

Positive

+23.5%

Q1 2021

Best reaction

-15.7%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.8%-36.8%-43.2%
Q3 2025-5.9%+0.3%-6.1%
Q1 2025+14.9%+21.6%+22.5%
Q4 2024-8.2%-8.8%-12.0%
Q3 2024-2.5%-5.8%+0.7%
Q2 2024-1.2%-0.3%-0.2%
Q1 2024+13.6%+12.4%+12.0%
Q4 2023+7.1%+6.5%+12.5%
Q3 2023+10.5%+7.1%+40.6%
Q2 2023-3.3%-1.7%+1.9%
Q1 2023+12.7%+9.1%+13.4%
Q4 2022+4.3%-1.5%-11.7%
Q3 2022-1.9%-3.2%+18.7%
Q2 2022-1.8%-1.2%-3.9%
Q1 2022-11.4%-21.6%-12.4%
Q4 2021-0.1%-1.7%+22.4%
Q3 2021+4.3%+2.6%-16.1%
Q2 2021+1.3%+1.2%-2.6%
Q1 2021+23.5%+21.1%+22.0%
Q4 2020+0.8%+1.1%+1.3%
Q3 2020-4.9%+10.5%+17.1%
Q2 2020+1.6%+4.7%+7.3%
Q1 2020-4.0%-2.0%-1.6%
Q4 2019-8.1%-9.3%-27.2%
Q3 2019-7.7%-3.4%+1.7%
Q2 2019-4.6%-6.3%-11.4%
Q1 2019+2.1%+4.0%-5.5%
Q4 2018-15.2%-4.6%+0.1%
Q3 2018-4.7%-1.1%-3.3%
Q2 2018+9.4%+10.1%+15.9%
Q1 2018+6.2%+12.3%+22.9%
Q4 2017+12.8%+9.9%+0.8%
Q3 2017-2.7%-4.8%+1.8%
Q2 2017+3.1%-1.3%-1.6%
Q1 2017+13.2%+12.6%+12.3%
Q4 2016-15.7%-9.7%-11.5%
Q3 2016-1.5%+0.0%+18.2%
Q2 2016+14.6%+21.4%+28.2%
Q1 2016-1.8%
Q4 2015+12.6%
Q3 2015+11.1%
Q2 2015-0.4%
Q1 2015+4.0%
Q4 2014-4.2%
Q3 2014-6.1%
Q2 2014+6.4%
Q1 2014-6.0%
Q4 2013-9.1%
Q3 2013+10.6%
Q2 2013-5.4%
Q1 2013-5.4%
Q4 2012+2.0%
Q3 2012+0.5%
Q2 2012-4.3%
Q1 2011+0.2%
Q1 2012+5.1%
Q4 2009-11.5%
Q4 2011-11.5%
Q3 2010+4.6%
Q3 2011+4.6%
Q2 2011+5.4%
Q2 2010+5.4%
Q4 2010+5.4%
Q1 2010+3.7%

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