NYSE$AORT

Artivion Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

CryoLife's third quarter results reflected the impact of the COVID-19 pandemic on procedure volumes, but the company saw sequential improvement month to month and completed the acquisition of Ascyrus Medical LLC.

CryoLife reported a decrease in total revenues by 4% compared to the third quarter of 2019. The company achieved a net loss of $2.9 million, or $0.08 per share, but a non-GAAP net income of $4.9 million, or $0.13 per share. CryoLife also completed the acquisition of Ascyrus Medical LLC.

  • Total revenues were $65.1 million, a 4% decrease compared to Q3 2019.
  • Net loss was ($2.9) million, or ($0.08) per share.
  • Non-GAAP net income was $4.9 million, or $0.13 per share.
  • Completed the acquisition of Ascyrus Medical LLC.

Headline financials

Total Revenue

$65.1M

Previous: $67.9M-4.1%
EPS (adj)

$0.13

Previous: $0.06+116.7%
Capital Expenditures

-$5.17M

Previous: -$5.22M+1.0%
Free Cash Flow

-$8.04M

Previous: -$5.36M-50.1%
Net Income

-$2.87M

Previous: -$134K-2041.8%
Operating Income

$3.63M

Previous: $4.7M-22.7%
Gross Profit

$43.1M

Previous: $45.2M-4.6%
Cash & Equivalents

$64.1M

Previous: $36.7M+74.8%
Total Assets

$782M

Previous: $593M+32.0%
Stock-Based Comp

$2.36M

Previous: $2.46M-4.2%

Revenue & EPS history

Artivion · Revenue · Quarterly

$65.1M

Q3 2020-4.1%vs Q3 2019
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 pandemic, the Company is not issuing 2020 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 Q3 2020

Historical avgQ3 2020

+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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