Artivion, Inc.

Description

Artivion, Inc. manufactures, processes, and distributes medical devices and implantable human tissues worldwide. The company provides BioGlue, a polymer consisting of bovine blood protein and an agent for cross-linking proteins for cardiac, vascular, neurologic, and pulmonary procedures; cardiac preservation services; PhotoFix, a bovine pericardial patch; and aortic arch stent grafts including E-vita Open Plus and E-vita Open Neo. It offers E-xtra design engineering systems for the treatment of aortic vascular diseases; E-nside, an off-the-shelf stent graft for the treatment of thoraco-abdominal disease; E-vita THORACIC 3G for the endovascular treatment of thoracic aortic aneurysms; E-ventus BX, a balloon-expandable peripheral stent graft for the endovascular treatment of renal and pelvic arteries; E-liac to treat aneurysmal iliac arteries, and aneurysmal iliac side branches; and E-tegra, a stent graft system for the treatment of infrarenal abdominal aortic aneurysms. In addition, the company offers synthetic vascular grafts for use in open aortic and peripheral vascular surgical procedures; PerClot, an absorbable powdered hemostat for use in surgical procedures; cardiac laser therapy products for angina treatment; CryoVein femoral vein and CryoArtery femoral artery vascular preservation services; On-X prosthetic aortic and mitral heart valves and the On-X ascending aortic prosthesis; CarbonAid CO2 diffusion catheters and Chord-X ePTFE sutures for mitral chordal replacement; and ascyrus medical dissection stents, as well as pyrolytic carbon coating services to medical device manufacturers. It serves physicians, hospitals, and other healthcare facilities, as well as cardiac, vascular, thoracic, and general surgeons. The company was formerly known as CryoLife, Inc. and changed its name to Artivion, Inc. in January 2022. Artivion, Inc. was incorporated in 1984 and is headquartered in Kennesaw, Georgia.

About

CEO
Mr. James Patrick Mackin
Employees
1,500
Instrument type
Common Stock
Sector
Healthcare
Industry
Medical Devices
MIC code
XNYS
Address
1655 Roberts Boulevard N.W., Kennesaw, GA 30144, United States
Phone
770 419 3355
Website
Chart Image
× Enlarged Chart
Oscillators
No data available
Summary
No data available
Moving Averages
No data available

Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Nov 5, 2025
Aug 7, 2025
May 5, 2025
Feb 13, 2025 -0.01
Nov 8, 2024 -0.06 -0.05 0.01 -16.67%

Earnings estimate

Next Quarter
(Mar 2025)
Next Year
(Dec 2025)
Number of analysts 3 4
Average estimate 0.08 0.48
Low estimate 0.04 0.42
High estimate 0.11 0.55
Last year EPS 0.06 0.29
[stock_revenue_estimate]

Growth estimates

Current qtr
-65.910%
Next qtr. (Mar 2025)
33.330%
Current year
45.000%
Next year (Dec 2025)
63.790%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Jan 28, 2025
Needham
Mike Matson
Reiterates Buy Maintains $34
Dec 10, 2024
JMP Securities
Daniel Stauder
Reiterates Market Outperform Maintains $33
Dec 9, 2024
Needham
Mike Matson
Reiterates Buy Maintains $34
Nov 8, 2024
Oppenheimer
Suraj Kalia
Maintains Outperform ▲ Raises $30 → $32
Oct 23, 2024
JMP Securities
Daniel Stauder
Initiates Market Outperform Announces $33
Sep 27, 2024
Needham
Mike Matson
Reiterates Buy Maintains $30
Sep 13, 2024
Stifel
Rick Wise
Maintains Buy ▲ Raises $28 → $30
Aug 9, 2024
Needham
Mike Matson
Reiterates Buy Maintains $30
Aug 9, 2024
Oppenheimer
Suraj Kalia
Maintains Outperform ▲ Raises $25 → $30
Aug 9, 2024
Stifel
Rick Wise
Maintains Buy ▲ Raises $25 → $28
Jul 2, 2024
Lake Street
Frank Takkinen
Maintains Buy ▲ Raises $28 → $30
May 7, 2024
Stifel
Rick Wise
Maintains Buy ▲ Raises $22 → $25
May 7, 2024
Needham
Mike Matson
Maintains Buy ▲ Raises $25 → $30
Apr 8, 2024
Needham
Mike Matson
Maintains Buy Maintains $25
Feb 16, 2024
Needham
Mike Matson
Maintains Buy ▲ Raises $22 → $25
Feb 16, 2024
Stifel
Rick Wise
Maintains Buy ▲ Raises $20 → $22
Dec 7, 2023
Needham
Mike Matson
Reiterates Buy Maintains $22
Nov 3, 2023
Needham
Mike Matson
Maintains Buy ▼ Lowers $26 → $22
Aug 4, 2023
Needham
Mike Matson
Reiterates Buy Maintains $26
May 8, 2023
Morgan Stanley
Cecilia Furlong
Maintains Equal-Weight ▲ Raises $14 → $15
May 5, 2023
Needham
Mike Matson
Maintains Buy ▲ Raises $23 → $26
Feb 17, 2023
Needham
Mike Matson
Maintains Buy Maintains $23
Nov 4, 2022
Needham
Mike Matson
Maintains Buy ▼ Lowers $28 → $23
Oct 11, 2022
Morgan Stanley
Cecilia Furlong
Maintains Equal-Weight ▼ Lowers $16 → $14
Sep 26, 2022
Oppenheimer
Suraj Kalia
Maintains Outperform ▼ Lowers $35 → $25
Sep 26, 2022
Morgan Stanley
Cecilia Furlong
Maintains Equal-Weight ▼ Lowers $23 → $16
Aug 8, 2022
Lake Street
Frank Takkinen
Initiates Buy Announces $32
Jul 15, 2022
Morgan Stanley
Cecilia Furlong
Maintains Equal-Weight ▼ Lowers $23 → $21
May 6, 2022
Needham
Mike Matson
Maintains Buy ▼ Lowers $30 → $29
Mar 3, 2022
Stifel
Initiates Buy

Income statement

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total reported revenue 354.00M 313.79M 298.84M 253.23M 276.22M
Cost of revenue 124.83M 111.27M 101.32M 85.44M 93.21M
Gross profit 229.18M 202.52M 197.51M 167.78M 183.01M
Operating expense
Research & development 28.71M 38.88M 35.55M 24.21M 22.96M
Selling general and admin 208.98M 157.44M 169.77M 141.14M 143.01M
Other operating expenses
Operating income -8.51M 6.20M -7.81M 2.44M 17.04M
Non operating interest income
Income 1.08M 147,000 79,000 217,000 738,000
Expense 25.30M 18.22M 16.89M 16.70M 14.89M
Other income expense 11.14M -3.11M 9.79M -3.13M -1.25M
Pretax income -21.59M -14.98M -14.83M -17.17M 1.64M
Tax provision 9.10M 4.21M 7,000 -492,000 -76,000
Net income -30.69M -19.19M -14.83M -16.68M 1.72M
Basic EPS -0.75 -0.48 -0.38 -0.44 0.05
Diluted EPS -0.75 -0.48 -0.38 -0.44 0.05
Basic average shares 40.74M 40.03M 38.98M 37.86M 37.12M
Diluted average shares 40.74M 40.03M 38.98M 37.86M 37.12M
EBITDA 12.54M 25.68M 10.11M 20.24M 34.85M
Net income from continuing op. -30.69M -19.19M -14.83M -16.68M 1.72M
Minority interests
Preferred stock dividends -123,000 -98,000 -94,000 -111,000 12,000

Balance sheet

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 792.40M 762.80M 793.05M 789.40M 605.65M
Current assets
Cash
Cash equivalents
Cash and cash equivalents 58.94M 39.35M 55.01M 61.41M 33.77M
Other short term investments
Accounts receivable 71.80M 61.82M 53.02M 45.96M 52.94M
Other receivables 2.34M 7.76M 5.09M 2.79M 2.92M
Inventory 81.98M 74.48M 76.97M 73.04M 53.07M
Prepaid assets 14.75M 14.30M 11.61M
Restricted cash 546,000 528,000
Assets held for sale
Hedging assets
Other current assets 15.81M 17.55M 14.75M
Non current assets
Properties 43.82M 41.86M 58.10M 28.24M 27.01M
Land and improvements
Machinery furniture equipment 74.17M 79.63M 80.49M 72.33M 66.92M
Construction in progress
Leases 49.11M 47.38M 39.18M 38.26M 36.17M
Accumulated depreciation -84.92M -88.34M -94.53M -87.18M -75.96M
Goodwill 666.91M 669.91M 701.50M 747.18M 531.13M
Investment properties
Financial assets
Intangible assets 172.23M 182.65M 201.50M 227.06M 157.73M
Investments and advances
Other non current assets 9.98M 8.65M 10.62M 16.05M 19.69M
Total liabilities 510.62M 478.47M 492.32M 460.69M 319.96M
Current liabilities
Accounts payable 13.32M 12.00M 10.40M 9.62M 9.80M
Accrued expenses 14.17M 14.49M 11.38M 11.09M 11.10M
Short term debt 5.43M 5.43M 5.31M 7.57M 7.25M
Deferred revenue
Tax payable 3.84M 2.64M 3.63M 2.81M 2.98M
Pensions 18.72M 13.81M 13.16M 10.19M 12.26M
Other current liabilities 2.39M 1.31M 1.08M 19.18M 1.81M
Non current liabilities
Long term debt 352.91M 351.40M 356.74M 309.80M 237.90M
Provision for risks and charges
Deferred liabilities 21.85M 24.50M 28.80M 34.71M 25.84M
Derivative product liabilities
Other non current liabilities 71.23M 47.43M 55.88M 50.19M 6.58M
Shareholders equity
Common stock 426,000 418,000 414,000 404,000 390,000
Retained earnings -47.91M -17.22M 1.98M 20.02M 36.70M
Other shareholders equity -12.01M -21.61M -9.89M 6.74M -8.59M
Total shareholders equity 281.78M 284.33M 300.73M 328.71M 285.70M
Additional paid in capital 355.92M 337.39M 322.87M 316.19M 271.78M
Treasury stock 14.65M 14.65M 14.65M 14.65M 14.59M
Minority interest

Cash flow statement

202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997199619951994199319921991
Operating Activities
Net Income-30.69M-19.19M-14.83M-16.68M1.72M-2.84M3.70M10.78M4.01M7.32M16.17M7.95M7.37M3.94M8.68M31.95M7.20M365,000-19.54M-18.75M-32.29M-27.76M9.17M7.82M4.45M6.50M4.70M3.90M2.20M1.30M600,000700,000-700,000
Depreciation23.08M22.44M23.98M20.71M18.32M18.10M9.75M8.38M5.86M6.03M5.84M5.63M4.96M3.94M4.26M4.35M4.46M4.84M5.04M5.48M5.51M5.42M4.61M3.22M3.15M3.50M2.70M1.40M1.00M1.00M700,000700,000600,000
Deferred Taxes-1.39M-1.72M-4.47M4.28M-2.31M-4.49M-1.48M595,0003.68M178,000617,0001.23M1.77M-1.51M5.25M-7,000-961,000226,0005.73M-5.57M624,0001.66M-970,000-1.90M400,000200,000-100,000-200,000
Stock-Based Compensation14.42M12.34M10.71M6.91M8.80M6.33M6.92M6.33M5.09M3.44M3.24M3.16M2.79M2.62M2.43M2.10M
Other Non-Cash Items39.06M2.53M20.87M20.40M7.19M2.15M676,000268,000268,000-474,000298,000683,000767,0003.70M676,000-17.34M3.71M3.35M3.81M-3.39M-2.44M1.42M348,000-100,000100,000-200,000100,000-200,000
Accounts Receivable-4.05M-13.34M-11.56M9.94M-5.33M-1.12M-7.26M4.14M-3.81M-4.56M-1.64M1.36M-2.23M179,000-745,000-785,000-23,000-2.22M-830,000-2.16M954,0007.08M-2.71M469,000-1.71M-1.80M-500,000-2.60M-1.80M-200,000-800,000-300,000-1.50M
Accounts Payable1.68M-1.96M-1.89M-9.16M251,000-8.87M8.73M4.72M-656,000-64,000572,000529,000-772,0002.38M267,000
Other Assets & Liabilities-14.36M-8.40M-18.38M-24.76M-16.25M4.77M-18.74M-18.92M-4.52M-2.26M386,000-3.20M4.89M11.10M-1.14M-19.49M-6.75M-18.42M-12.33M-10.02M6.46M-22.54M-3.34M-4.60M-4.44M-5.10M-6.80M-1.10M400,000800,000-2.80M-900,000-1.20M
Operating Cash Flow27.76M-7.29M4.42M11.65M12.39M14.02M2.29M16.30M9.92M9.61M25.49M17.35M19.54M26.34M19.42M1.05M7.64M-11.85M-23.85M-28.83M-16.09M-41.95M8.70M8.57M485,0001.10M600,0001.80M1.50M2.80M-2.50M200,000-2.80M
Investing Activities
Capital Expenditures-1.19M-1.63M-977,000-924,000138,000-4.10M-14.33M-9.49M-3.85M8.30M-5.10M-8.50M-1.60M-1.30M-800,000-700,000-600,000
Net Intangibles-1.70M-972,000-409,000-1.23M-613,000-1.01M-196,000-819,000-5.41M
Net Acquisitions-5.00M-64.12M-15.00M-163.92M-71.36M-1.35M-17.04M-21.06M
Purchase of Investments-3.57M-2.41M-3.04M-6.12M-12.33M-17.39M-21.69M-563,000-15.43M-23.17M-29.34M-5.73M-5.12M-34.30M-2.20M-100,000-3.70M
Sale of Investments19.00M1.01M1.07M2.05M1.17M15.42M1.13M3.57M14.16M18.56M20.84M2.00M30.89M28.31M24.24M8.54M6.15M7.80M5.90M
Investing Cash Flow6.93M-1.70M19.72M-65.80M-15.87M-929,000-163.00M-70.42M-996,000-1.04M15.41M-19.03M-28.75M-5.61M-2.69M-2.60M446,000-557,000-2.03M457,00015.75M-394,000-18.10M-6.64M-3.28M-18.90M-9.60M-4.20M-4.80M-1.40M-4.50M-700,000-600,000
Financing Activities
Long-Term Debt Issuance100.00M225.00M75.00M1.27M1.73M
Long-Term Debt Payments-5.30M-2.75M-3.09M-35.35M-2.78M-2.79M-72.21M-1.41M-31,000-1.54M-1.33M-5.93M
Other Financing Charges2.77M-459,000-10.98M-1.48M-728,000-1.53M-11.05M-1.67M458,000738,000-87,000-143,000-476,0002.45M1.27M1.30M2.35M360,000100,000-100,000-100,000100,000
Financing Cash Flow-5.62M-5.01M-15.98M61.18M-6.25M-6.42M140.12M71.23M-4.34M-9.63M-5.26M-5.05M-3.60M-6.18M-442,000-4.86M784,0001.79M18.94M19.65M660,000809,0001.50M1.41M-3.73M43.00M600,000600,000300,000100,0008.80M4.00M
Other Cash Details
End Cash Position58.94M39.35M55.01M61.96M34.29M42.24M40.75M57.34M37.59M33.38M37.64M13.01M21.71M35.50M30.12M17.20M14.46M4.13M6.63M4.71M4.90M3.10M7.20M17.48M6.13M12.90M
Income Tax Paid
Interest Paid
Free Cash Flow11.40M-14.17M-16.65M5.04M7.76M4.10M3.76M12.30M7.95M3.81M12.24M15.10M14.21M13.31M14.88M7.80M8.09M-2.71M-19.51M-20.56M-9.33M-6.21M-7.85M788,000-2.87M-5.50M-7.30M-5.30M800,0001.20M-2.80M-700,000-2.90M
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