$ATRC
AtriCure, Inc.

2014 Q2 Form 10-Q Financial Statement

#000119312514170531 Filed on April 30, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2014 Q1 2013 Q1
Revenue $26.51M $24.85M $19.43M
YoY Change 29.79% 27.88% 11.18%
Cost Of Revenue $7.733M $7.190M $5.344M
YoY Change 45.74% 34.54% 13.22%
Gross Profit $18.78M $17.66M $14.09M
YoY Change 24.19% 25.35% 10.46%
Gross Profit Margin 70.83% 71.06% 72.5%
Selling, General & Admin $17.07M $21.58M $12.38M
YoY Change 24.44% 74.32% 14.0%
% of Gross Profit 90.86% 122.22% 87.89%
Research & Development $4.569M $4.001M $3.506M
YoY Change 49.85% 14.12% 3.42%
% of Gross Profit 24.33% 22.66% 24.89%
Depreciation & Amortization $1.130M $730.0K $458.0K
YoY Change 126.0% 59.39% -4.58%
% of Gross Profit 6.02% 4.13% 3.25%
Operating Expenses $21.63M $25.58M $15.89M
YoY Change 29.07% 61.03% 11.48%
Operating Profit -$2.853M -$7.925M -$1.800M
YoY Change 74.07% 340.28% 20.32%
Interest Expense $29.00K $237.0K $173.0K
YoY Change -78.03% 36.99% -178.64%
% of Operating Profit
Other Income/Expense, Net $172.0K $466.0K $31.00K
YoY Change -1111.76% 1403.23% -69.0%
Pretax Income -$2.687M -$7.682M -$1.938M
YoY Change 50.45% 296.39% 19.63%
Income Tax $5.000K $27.00K $5.000K
% Of Pretax Income
Net Earnings -$2.692M -$7.709M -$1.943M
YoY Change 50.31% 296.76% 19.94%
Net Earnings / Revenue -10.15% -31.03% -10.0%
Basic Earnings Per Share
Diluted Earnings Per Share -$100.2K -$311.3K -$99.28K
COMMON SHARES
Basic Shares Outstanding 27.41M shares 27.27M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q2 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.20M $79.40M $36.00M
YoY Change 81.09% 120.56% 135.29%
Cash & Equivalents $41.98M $68.64M $30.78M
Short-Term Investments $21.20M $10.70M $5.200M
Other Short-Term Assets $1.840M $2.098M $1.500M
YoY Change 59.72% 39.87% 36.36%
Inventory $12.67M $11.08M $5.700M
Prepaid Expenses
Receivables $15.06M $14.71M $11.10M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $92.77M $107.2M $54.40M
YoY Change 73.5% 97.15% 64.35%
LONG-TERM ASSETS
Property, Plant & Equipment $6.462M $5.769M $3.500M
YoY Change 75.36% 64.83% 40.0%
Goodwill $35.39M $35.39M
YoY Change
Intangibles $9.588M $9.944M
YoY Change 36776.92%
Long-Term Investments $11.40M $0.00
YoY Change
Other Assets $345.0K $207.0K $300.0K
YoY Change 13.49% -31.0% 0.0%
Total Long-Term Assets $63.17M $51.31M $3.700M
YoY Change 1473.3% 1286.65% 5.71%
TOTAL ASSETS
Total Short-Term Assets $92.77M $107.2M $54.40M
Total Long-Term Assets $63.17M $51.31M $3.700M
Total Assets $155.9M $158.6M $58.10M
YoY Change 171.28% 172.9% 58.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.522M $7.921M $5.400M
YoY Change 44.77% 46.69% 3.85%
Accrued Expenses $9.317M $8.054M $5.200M
YoY Change 50.86% 54.88% 15.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $16.88M $16.01M $12.70M
YoY Change 25.94% 26.09% 7.63%
LONG-TERM LIABILITIES
Long-Term Debt $100.0K $100.0K $5.900M
YoY Change -98.15% -98.31% -25.32%
Other Long-Term Liabilities $4.768M $8.209M $900.0K
YoY Change 771.66% 812.11% -59.09%
Total Long-Term Liabilities $4.768M $8.209M $6.800M
YoY Change 771.66% 20.72% -32.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.88M $16.01M $12.70M
Total Long-Term Liabilities $4.768M $8.209M $6.800M
Total Liabilities $21.71M $24.29M $19.50M
YoY Change 12.26% 24.57% -10.96%
SHAREHOLDERS EQUITY
Retained Earnings -$132.6M -$129.9M
YoY Change 15.84%
Common Stock $27.00K $27.00K
YoY Change 28.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $134.2M $134.3M $38.60M
YoY Change
Total Liabilities & Shareholders Equity $155.9M $158.6M $58.10M
YoY Change 171.28% 172.9% 58.74%

Cashflow Statement

Concept 2014 Q2 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income -$2.692M -$7.709M -$1.943M
YoY Change 50.31% 296.76% 19.94%
Depreciation, Depletion And Amortization $1.130M $730.0K $458.0K
YoY Change 126.0% 59.39% -4.58%
Cash From Operating Activities -$3.970M -$14.40M -$2.570M
YoY Change 1426.92% 460.31% 137.96%
INVESTING ACTIVITIES
Capital Expenditures -$1.460M $1.020M $455.0K
YoY Change 100.0% 124.18% -168.94%
Acquisitions
YoY Change
Other Investing Activities -$22.00M $8.430M -$990.0K
YoY Change -1729.63% -951.52% 2375.0%
Cash From Investing Activities -$23.46M $7.410M -$1.450M
YoY Change -3945.9% -611.03% 107.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $65.83M $26.87M
YoY Change 144.98%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 760.0K 60.74M 27.14M
YoY Change -1050.0% 123.8% 688.95%
NET CHANGE
Cash From Operating Activities -3.970M -14.40M -2.570M
Cash From Investing Activities -23.46M 7.410M -1.450M
Cash From Financing Activities 760.0K 60.74M 27.14M
Net Change In Cash -26.67M 53.75M 23.12M
YoY Change -9977.78% 132.48% 1292.77%
FREE CASH FLOW
Cash From Operating Activities -$3.970M -$14.40M -$2.570M
Capital Expenditures -$1.460M $1.020M $455.0K
Free Cash Flow -$2.510M -$15.42M -$3.025M
YoY Change -634.04% 409.75% 620.24%

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CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
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CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
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CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3

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