Artivion Inc (AORT)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	229,176	202,523	197,514	167,784	183,013
Revenue	US$ in thousands	331,083	292,771	298,836	253,227	276,222
Gross profit margin		69.22%	69.17%	66.09%	66.26%	66.26%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $229,176K ÷ $331,083K
= 69.22%

The gross profit margin of Artivion Inc has shown stability over the past five years, ranging between 64.54% and 66.26%. This indicates that the company has been able to effectively manage its production costs while generating revenue from its sales. The slight fluctuations in the gross profit margin may be attributed to changes in pricing strategies, cost of goods sold, or product mix. Overall, Artivion Inc has maintained a healthy level of gross profit margin, which is essential for covering operating expenses and ultimately impacting the company's profitability.