Artivion Inc (AORT)

Net 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
Net income (ttm)	US$ in thousands	-30,690	-24,546	-28,458	-29,335	-19,192	-41,461	-17,166	-15,085	-14,834	1,808	-11,644	-13,155	-16,682	-13,905	-11,169	-4,648	1,720	1,625	3,324	718
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
Net profit margin		-9.27%	-7.86%	-9.39%	-9.89%	-6.47%	-13.59%	-5.63%	-4.95%	-4.96%	0.63%	-4.15%	-5.10%	-6.59%	-5.45%	-4.33%	-1.69%	0.62%	0.59%	1.23%	0.27%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-30,690K ÷ $331,069K
= -9.27%

The net profit margin of Artivion Inc has been fluctuating over the past eight quarters. It ranged from a low of -13.14% in Q3 2022 to a high of -4.92% in Q1 2022. The company experienced negative net profit margins in each of the quarters, with the lowest point being -9.13% in Q1 2023. This indicates that the company's expenses have been consistently higher than its revenues, resulting in overall losses. The trend of declining net profit margins from Q1 2022 to Q3 2022, followed by a slight increase in the last two quarters, suggests that Artivion Inc may be facing challenges in generating sufficient profits from its operations.