Financial Snapshot

Revenue
$447.6M
TTM
Gross Margin
74.79%
TTM
Net Earnings
-$38.92M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
361.79%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$465.0M
Q3 2024
Cash
Q3 2024
P/E
-45.48
Nov 29, 2024 EST
Free Cash Flow
-$1.152M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Revenue $399.2M $330.4M $274.3M $206.5M $230.8M $201.6M $174.7M $155.1M $129.8M $107.5M $81.89M $70.25M $64.40M $59.00M $54.50M $55.30M $48.30M $38.20M $31.00M $19.20M $9.800M $1.800M
YoY Change 20.84% 20.43% 32.83% -10.52% 14.47% 15.4% 12.64% 19.5% 20.8% 31.22% 16.57% 9.08% 9.16% 8.26% -1.45% 14.49% 26.44% 23.23% 61.46% 95.92% 444.44%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Revenue $399.2M $330.4M $274.3M $206.5M $230.8M $201.6M $174.7M $155.1M $129.8M $107.5M $81.89M $70.25M $64.40M $59.00M $54.50M $55.30M $48.30M $38.20M $31.00M $19.20M $9.800M $1.800M
Cost Of Revenue $98.88M $84.44M $68.47M $57.22M $60.47M $54.51M $48.55M $44.01M $36.90M $31.70M $22.33M $20.23M $17.41M $13.60M $12.80M $13.20M $10.10M $7.600M $8.100M $5.200M $2.600M $700.0K
Gross Profit $300.4M $245.9M $205.9M $149.3M $170.3M $147.1M $126.2M $111.1M $92.90M $75.75M $59.56M $50.01M $47.00M $45.40M $41.80M $42.00M $38.20M $30.60M $22.90M $14.00M $7.200M $1.100M
Gross Profit Margin 75.23% 74.44% 75.04% 72.29% 73.8% 72.97% 72.21% 71.63% 71.57% 70.5% 72.74% 71.2% 72.97% 76.95% 76.7% 75.95% 79.09% 80.1% 73.87% 72.92% 73.47% 61.11%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Selling, General & Admin $253.1M $231.3M $204.6M $150.8M $167.1M $129.5M $117.0M $106.4M $93.90M $73.51M $57.01M $45.07M $39.87M $37.00M $35.10M $42.40M $39.80M $33.20M $24.60M $15.20M $8.000M $4.000M
YoY Change 9.45% 13.01% 35.68% -9.76% 29.04% 10.71% 9.95% 13.33% 27.74% 28.93% 26.52% 13.03% 7.76% 5.41% -17.22% 6.53% 19.88% 34.96% 61.84% 90.0% 100.0%
% of Gross Profit 84.28% 94.04% 99.41% 101.02% 98.13% 88.04% 92.74% 95.78% 101.08% 97.04% 95.72% 90.1% 84.84% 81.5% 83.97% 100.95% 104.19% 108.5% 107.42% 108.57% 111.11% 363.64%
Research & Development $73.92M $57.34M $48.51M $43.07M $41.23M $34.72M $34.14M $35.82M $25.70M $18.60M $13.44M $12.15M $11.86M $11.50M $11.40M $10.60M $11.00M $12.20M $9.100M $4.400M $2.500M $2.700M
YoY Change 28.91% 18.21% 12.62% 4.46% 18.74% 1.7% -4.69% 39.39% 38.17% 38.39% 10.64% 2.45% 3.1% 0.88% 7.55% -3.64% -9.84% 34.07% 106.82% 76.0% -7.41%
% of Gross Profit 24.61% 23.31% 23.56% 28.85% 24.21% 23.6% 27.06% 32.24% 27.66% 24.55% 22.56% 24.29% 25.23% 25.33% 27.27% 25.24% 28.8% 39.87% 39.74% 31.43% 34.72% 245.45%
Depreciation & Amortization $9.460M $8.057M $7.534M $7.866M $7.423M $7.244M $7.761M $7.655M $6.280M $3.353M $2.008M $1.886M $1.878M $2.370M $2.410M $2.680M $2.320M $1.830M $1.510M $960.0K $540.0K $170.0K
YoY Change 17.41% 6.94% -4.22% 5.97% 2.47% -6.66% 1.38% 21.89% 87.29% 66.98% 6.47% 0.43% -20.76% -1.66% -10.07% 15.52% 26.78% 21.19% 57.29% 77.78% 217.65%
% of Gross Profit 3.15% 3.28% 3.66% 5.27% 4.36% 4.92% 6.15% 6.89% 6.76% 4.43% 3.37% 3.77% 4.0% 5.22% 5.77% 6.38% 6.07% 5.98% 6.59% 6.86% 7.5% 15.45%
Operating Expenses $327.1M $288.6M $150.7M $193.5M $203.5M $164.2M $151.1M $142.2M $119.6M $92.11M $70.45M $57.21M $51.73M $48.60M $46.40M $53.10M $50.80M $45.40M $33.70M $19.60M $10.50M $6.700M
YoY Change 13.32% 91.57% -22.16% -4.87% 23.87% 8.67% 6.26% 18.93% 29.84% 30.74% 23.15% 10.6% 6.43% 4.74% -12.62% 4.53% 11.89% 34.72% 71.94% 86.67% 56.72%
Operating Profit -$26.68M -$42.67M $55.21M -$44.23M -$33.12M -$17.13M -$24.98M -$31.14M -$26.70M -$16.36M -$10.89M -$7.198M -$4.731M -$3.200M -$4.600M -$11.10M -$12.60M -$14.80M -$10.80M -$5.600M -$3.300M -$5.600M
YoY Change -37.47% -177.29% -224.81% 33.55% 93.39% -31.43% -19.78% 16.62% 63.2% 50.22% 51.31% 52.15% 47.84% -30.43% -58.56% -11.9% -14.86% 37.04% 92.86% 69.7% -41.07%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Interest Expense $6.925M $4.986M $4.918M $4.885M $4.111M $4.607M $2.264M $1.801M -$400.0K $305.0K $566.0K $802.0K $814.0K -$800.0K -$800.0K $0.00 $700.0K $1.000M -$1.900M -$3.800M -$3.900M -$2.600M
YoY Change 38.89% 1.38% 0.68% 18.83% -10.77% 103.49% 25.71% -550.25% -231.15% -46.11% -29.43% -1.47% -201.75% 0.0% -100.0% -30.0% -152.63% -50.0% -2.56% 50.0%
% of Operating Profit 8.91%
Other Income/Expense, Net -$31.00K -$537.0K -$366.0K -$24.00K -$160.0K -$183.0K $138.0K -$586.0K $0.00 $391.0K -$3.000K $505.0K $104.0K $300.0K -$300.0K $800.0K $600.0K $100.0K $100.0K $0.00 $200.0K -$800.0K
YoY Change -94.23% 46.72% 1425.0% -85.0% -12.57% -232.61% -123.55% -100.0% -13133.33% -100.59% 385.58% -65.33% -200.0% -137.5% 33.33% 500.0% 0.0% -100.0% -125.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Pretax Income -$29.85M -$46.20M $50.39M -$48.04M -$35.00M -$20.91M -$26.88M -$33.30M -$27.20M -$11.09M -$9.409M -$5.909M -$5.425M -$3.800M -$16.60M -$10.20M -$11.30M -$13.70M -$12.70M -$9.500M -$7.100M -$9.000M
YoY Change -35.39% -191.69% -204.88% 37.28% 67.35% -22.2% -19.28% 22.42% 145.38% 17.81% 59.23% 8.92% 42.76% -77.11% 62.75% -9.73% -17.52% 7.87% 33.68% 33.8% -21.11%
Income Tax $591.0K $268.0K $188.0K $114.0K $199.0K $226.0K $14.00K $40.00K $0.00 $33.00K $18.00K $50.00K $31.00K $0.00 -$100.0K -$100.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 0.37%
Net Earnings -$30.44M -$46.47M $50.20M -$48.16M -$35.19M -$21.14M -$26.89M -$33.34M -$27.20M -$16.21M -$11.46M -$7.534M -$5.456M -$3.800M -$16.50M -$10.20M -$11.30M -$13.70M -$12.70M -$9.500M -$7.100M -$9.000M
YoY Change -34.49% -192.56% -204.24% 36.83% 66.5% -21.4% -19.34% 22.57% 67.79% 41.43% 52.14% 38.09% 43.58% -76.97% 61.76% -9.73% -17.52% 7.87% 33.68% 33.8% -21.11%
Net Earnings / Revenue -7.62% -14.06% 18.3% -23.32% -15.25% -10.48% -15.39% -21.49% -20.96% -15.09% -14.0% -10.73% -8.47% -6.44% -30.28% -18.44% -23.4% -35.86% -40.97% -49.48% -72.45% -500.0%
Basic Earnings Per Share -$0.66 -$1.02 $1.11 -$1.14 -$0.94
Diluted Earnings Per Share -$0.66 -$1.02 $1.09 -$1.14 -$0.94 -$618.8K -$830.2K -$1.054M -$968.0K -$613.6K -$563.7K -$463.0K -$350.3K -$251.7K -$1.130M -$718.3K -$843.3K -$1.132M -$1.050M -$785.1K -$586.8K -$743.8K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Cash & Short-Term Investments $137.3M $121.1M $119.1M $244.2M $81.80M $124.4M $34.50M $44.00M $34.60M $59.60M $26.20M $12.00M $14.20M $12.60M $15.70M $11.40M $20.00M $19.50M $33.80M $5.200M $10.40M
YoY Change 13.35% 1.7% -51.23% 198.53% -34.24% 260.58% -21.59% 27.17% -41.95% 127.48% 118.33% -15.49% 12.7% -19.75% 37.72% -43.0% 2.56% -42.31% 550.0% -50.0%
Cash & Equivalents $84.31M $58.10M $43.65M $41.90M $28.50M $32.20M $21.80M $24.20M $23.80M $28.40M $14.90M $7.800M $9.800M $4.200M $8.900M $11.40M $13.00M $14.90M $27.40M $5.200M $10.40M
Short-Term Investments $52.98M $63.01M $75.44M $202.3M $53.30M $92.20M $12.60M $19.80M $10.80M $31.30M $11.30M $4.200M $4.400M $8.300M $6.800M $0.00 $7.000M $4.600M $6.400M
Other Short-Term Assets $8.563M $5.477M $5.001M $4.300M $3.900M $2.600M $2.300M $3.000M $3.100M $2.000M $2.400M $900.0K $900.0K $2.900M $3.500M $1.800M $1.400M $1.200M $800.0K $100.0K $200.0K
YoY Change 56.34% 9.52% 16.3% 10.26% 50.0% 13.04% -23.33% -3.23% 55.0% -16.67% 166.67% 0.0% -68.97% -17.14% 94.44% 28.57% 16.67% 50.0% 700.0% -50.0%
Inventory $67.90M $45.93M $38.96M $35.00M $29.40M $22.50M $22.50M $17.70M $17.70M $14.30M $10.20M $5.700M $6.600M $5.700M $4.900M $6.400M $5.300M $3.400M $2.100M $1.100M $600.0K
Prepaid Expenses
Receivables $52.50M $42.69M $33.02M $23.10M $28.00M $25.20M $23.10M $21.10M $19.40M $17.60M $13.70M $9.900M $9.500M $9.500M $7.200M $6.500M $7.200M $6.600M $4.900M $3.500M $1.600M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $266.2M $215.2M $196.1M $306.7M $143.2M $174.7M $82.30M $85.70M $74.80M $93.50M $52.50M $28.50M $31.20M $30.60M $31.40M $26.10M $33.90M $30.70M $41.60M $9.900M $12.90M
YoY Change 23.71% 9.76% -36.07% 114.18% -18.03% 112.27% -3.97% 14.57% -20.0% 78.1% 84.21% -8.65% 1.96% -2.55% 20.31% -23.01% 10.42% -26.2% 320.2% -23.26%
Property, Plant & Equipment $46.76M $42.62M $36.17M $30.20M $36.70M $27.10M $28.70M $30.00M $31.30M $11.60M $5.600M $3.400M $2.400M $2.700M $3.000M $3.700M $4.500M $3.600M $3.400M $2.400M $1.900M
YoY Change 9.71% 17.83% 19.77% -17.71% 35.42% -5.57% -4.33% -4.15% 169.83% 107.14% 64.71% 41.67% -11.11% -10.0% -18.92% -17.78% 25.0% 5.88% 41.67% 26.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $51.51M $104.3M $14.20M $12.70M $0.00 $3.000M $7.700M $8.900M $7.900M
YoY Change -100.0% -50.63% 634.77% 11.81% -100.0% -61.04% -13.48% 12.66%
Other Assets $2.160M $1.985M $955.0K $400.0K $700.0K $500.0K $700.0K $300.0K $300.0K $200.0K $200.0K $400.0K $300.0K $300.0K $300.0K $6.200M $100.0K $200.0K $200.0K $400.0K $0.00
YoY Change 8.82% 107.85% 138.75% -42.86% 40.0% -28.57% 133.33% 0.0% 50.0% 0.0% -50.0% 33.33% 0.0% 0.0% -95.16% 6100.0% -50.0% 0.0% -50.0%
Total Long-Term Assets $347.7M $370.2M $419.2M $407.8M $414.7M $182.1M $185.4M $190.7M $198.3M $64.90M $59.40M $3.900M $2.700M $3.100M $3.600M $17.30M $12.20M $8.400M $8.400M $2.800M $1.900M
YoY Change -6.09% -11.69% 2.8% -1.66% 127.73% -1.78% -2.78% -3.83% 205.55% 9.26% 1423.08% 44.44% -12.9% -13.89% -79.19% 41.8% 45.24% 0.0% 200.0% 47.37%
Total Assets $613.9M $585.4M $615.3M $714.5M $557.9M $356.8M $267.7M $276.4M $273.1M $158.4M $111.9M $32.40M $33.90M $33.70M $35.00M $43.40M $46.10M $39.10M $50.00M $12.70M $14.80M
YoY Change
Accounts Payable $27.35M $19.90M $18.60M $12.70M $14.90M $9.700M $12.40M $10.70M $12.70M $7.600M $8.600M $5.100M $5.300M $4.500M $3.600M $5.200M $4.700M $3.600M $1.200M $700.0K $300.0K
YoY Change 37.47% 7.0% 46.43% -14.77% 53.61% -21.77% 15.89% -15.75% 67.11% -11.63% 68.63% -3.77% 17.78% 25.0% -30.77% 10.64% 30.56% 200.0% 71.43% 133.33%
Accrued Expenses $46.13M $34.17M $35.50M $27.70M $32.60M $25.00M $18.30M $15.20M $17.50M $14.00M $16.10M $5.100M $4.000M $6.300M $6.000M $2.900M $3.800M $3.700M $4.100M $2.600M $600.0K
YoY Change 35.0% -3.75% 28.16% -15.03% 30.4% 36.61% 20.39% -13.14% 25.0% -13.04% 215.69% 27.5% -36.51% 5.0% 106.9% -23.68% 2.7% -9.76% 57.69% 333.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.086M $4.325M $895.0K $800.0K $800.0K $1.500M $2.200M $2.200M $0.00 $800.0K $400.0K $400.0K
YoY Change -74.89% 383.24% 11.88% 0.0% -31.82% 0.0% -100.0% 100.0% 0.0%
Total Short-Term Liabilities $74.57M $58.39M $56.45M $49.10M $49.90M $40.20M $31.90M $28.80M $31.60M $25.60M $26.70M $12.20M $10.80M $13.00M $11.80M $8.100M $9.200M $7.700M $5.700M $3.300M $900.0K
YoY Change 27.7% 3.45% 14.96% -1.6% 24.13% 26.02% 10.76% -8.86% 23.44% -4.12% 118.85% 12.96% -16.92% 10.17% 45.68% -11.96% 19.48% 35.09% 72.73% 266.67%
Long-Term Debt $68.65M $65.98M $69.82M $64.40M $71.40M $47.70M $36.90M $37.20M $13.70M $100.0K $4.400M $6.400M $4.900M $700.0K $2.700M $6.000M $300.0K $700.0K $1.100M $0.00 $0.00
YoY Change 4.05% -5.5% 8.42% -9.8% 49.69% 29.27% -0.81% 171.53% 13600.0% -97.73% -31.25% 30.61% 600.0% -74.07% -55.0% 1900.0% -57.14% -36.36%
Other Long-Term Liabilities $4.541M $4.321M $5.288M $188.6M $189.2M $19.40M $37.80M $41.90M $41.10M $100.0K $8.200M $1.300M $2.500M $3.300M $3.400M $100.0K $300.0K $100.0K $0.00
YoY Change 5.09% -18.29% -97.2% -0.32% 875.26% -48.68% -9.79% 1.95% 41000.0% -98.78% 530.77% -48.0% -24.24% -2.94% 3300.0% -66.67% 200.0%
Total Long-Term Liabilities $73.20M $70.30M $75.11M $253.0M $260.6M $67.10M $74.70M $79.10M $54.80M $200.0K $12.60M $7.700M $7.400M $4.000M $6.100M $6.100M $600.0K $800.0K $1.100M $0.00 $0.00
YoY Change 4.12% -6.4% -70.31% -2.92% 288.38% -10.17% -5.56% 44.34% 27300.0% -98.41% 63.64% 4.05% 85.0% -34.43% 0.0% 916.67% -25.0% -27.27%
Total Liabilities $147.8M $128.7M $131.6M $302.1M $310.5M $107.4M $106.5M $108.0M $86.40M $25.90M $39.30M $19.90M $18.20M $17.00M $17.90M $14.30M $9.800M $8.400M $6.900M $3.300M $900.0K
YoY Change 14.82% -2.18% -56.45% -2.71% 189.11% 0.85% -1.39% 25.0% 233.59% -34.1% 97.49% 9.34% 7.06% -5.03% 25.17% 45.92% 16.67% 21.74% 109.09% 266.67%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Basic Shares Outstanding 46.31M shares 45.74M shares 45.07M shares 42.13M shares 37.59M shares
Diluted Shares Outstanding 46.31M shares 45.74M shares 46.04M shares 42.13M shares 37.59M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.7702 Billion

About AtriCure, Inc.

AtriCure, Inc. engages in the development, manufacture, and sale of surgical ablation of cardiac tissue, and systems for the exclusion of the left atrial appendage. The company is headquartered in Mason, Ohio and currently employs 1,200 full-time employees. The company went IPO on 2005-08-05. The firm's cardiac ablation and left atrial appendage management (LAAM) products are used by physicians during open-heart and minimally invasive surgical procedures. Its pain management solutions are used by physicians to freeze nerves during cardiothoracic or thoracic surgical procedures. The firm's products for open and minimally invasive ablation include Isolator Synergy Clamps and Multifunctional Pens and Linear Ablation Devices. Its products for open ablation include cryoICE Cryoablation System. Its products for minimally invasive ablation include EPi-Sense Guided Coagulation System with VisiTrax Technology. Its appendage management products include AtriClip System. The Isolator Synergy Ablation System clamps are single-use disposable radio frequency (RF) products with jaws that close in a parallel fashion.

Industry: Surgical & Medical Instruments & Apparatus Peers: ABBOTT LABORATORIES Enovis CORP CONMED Corp GLAUKOS Corp Integer Holdings Corp NEVRO CORP NUVASIVE INC Paragon 28, Inc. PROCEPT BioRobotics Corp TransMedics Group, Inc.