Artivion Inc (AORT)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	229,176	218,969	211,443	205,531	202,523	203,009	202,054	200,395	197,514	190,731	186,074	171,451	167,784	169,745	171,835	182,911	183,013	181,652	179,144	178,029
Revenue (ttm)	US$ in thousands	331,069	312,325	303,112	296,526	296,606	305,041	305,123	304,962	298,836	287,338	280,262	257,885	253,227	255,028	257,778	275,146	276,222	274,324	271,041	268,398
Gross profit margin		69.22%	70.11%	69.76%	69.31%	68.28%	66.55%	66.22%	65.71%	66.09%	66.38%	66.39%	66.48%	66.26%	66.56%	66.66%	66.48%	66.26%	66.22%	66.09%	66.33%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $229,176K ÷ $331,069K
= 69.22%

Artivion Inc's gross profit margin has shown relative stability over the past eight quarters, ranging from a high of 65.71% in Q2 2022 to a low of 64.27% in Q1 2023. The company's gross profit margin has generally stayed above the 64% mark, indicating that Artivion has been able to effectively manage its production costs and generate a healthy level of profit from its sales. This consistency in gross profit margin suggests that Artivion has maintained efficient operations and pricing strategies to preserve its profitability. It will be important for the company to continue monitoring and managing its cost structure to sustain its gross profit margin performance in the future.