Artivion Inc (AORT)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-7,514	8,497	344	114	-21,586	-17,718	-20,831	-21,474	-14,984	-34,348	-13,872	-12,755	-14,827	1,168	-10,957	-13,540	-17,174	-15,535	-12,346	-4,841
Revenue (ttm)	US$ in thousands	388,537	384,899	376,974	368,206	354,004	339,732	328,716	319,805	313,789	313,785	309,154	304,962	298,836	287,338	280,262	257,885	253,227	255,028	257,778	275,146
Pretax margin		-1.93%	2.21%	0.09%	0.03%	-6.10%	-5.22%	-6.34%	-6.71%	-4.78%	-10.95%	-4.49%	-4.18%	-4.96%	0.41%	-3.91%	-5.25%	-6.78%	-6.09%	-4.79%	-1.76%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-7,514K ÷ $388,537K
= -1.93%

The pretax margin of Artivion Inc demonstrates fluctuations over the analyzed period from March 31, 2020, to December 31, 2024. Initially, the company experienced negative pretax margins, indicating that its operating expenses were exceeding its gross profit. However, there was a slight improvement in September 30, 2021, when the pretax margin turned positive at 0.41%.

Subsequently, the company faced challenges again with negative pretax margins in the following periods. Notably, in September 30, 2022, there was a significant decrease in the pretax margin to -10.95%, revealing a substantial decline in profitability before recovering slightly to -4.78% by December 31, 2022.

In the latter part of the analysis, from March 31, 2023, to December 31, 2024, the pretax margin continued to fluctuate but showed signs of improvement. The margins turned positive in March 31, 2024, at 0.03% and slightly increased to 2.21% by September 30, 2024. However, by December 31, 2024, the pretax margin reverted to negative territory at -1.93%.

Overall, while there were fluctuations in the pretax margin of Artivion Inc over the analyzed period, the company demonstrated efforts to improve profitability, as indicated by the intermittent positive margins. However, there is a need for sustained improvement to ensure long-term financial health.