Artivion Inc (AORT)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-30,690	-19,192	-14,834	-16,682	1,720
Revenue	US$ in thousands	331,083	292,771	298,836	253,227	276,222
Net profit margin		-9.27%	-6.56%	-4.96%	-6.59%	0.62%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $-30,690K ÷ $331,083K
= -9.27%

The net profit margin of Artivion Inc has shown a fluctuating trend over the past five years, ranging from a positive 0.62% in 2019 to a negative 8.63% in 2023. The margin indicates the company's efficiency in generating profits from its revenues, with a negative margin suggesting that expenses exceed revenues in those particular years. The improving trend from 2020 to 2022, despite being negative, is a positive sign of cost management and potentially increasing revenues. However, the significant decline in 2023 to -8.63% raises concerns about the company's ability to control costs and generate profits, requiring further investigation into the reasons behind this sharp decrease.