Artivion Inc (AORT)
Pretax 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 | ||
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Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -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 | 1,644 | -1,362 | 1,738 | -1,135 |
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 |
Pretax margin | -6.52% | -5.67% | -6.87% | -7.24% | -5.05% | -11.26% | -4.55% | -4.18% | -4.96% | 0.41% | -3.91% | -5.25% | -6.78% | -6.09% | -4.79% | -1.76% | 0.60% | -0.50% | 0.64% | -0.42% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-21,586K ÷ $331,069K
= -6.52%
Artivion Inc's pretax margin has shown some fluctuations over the past eight quarters. In the most recent quarter, Q4 2023, the pretax margin was at -6.10%, a slight increase from the previous quarter's -5.22% in Q3 2023. The trend over the past year indicates some variability in profitability, with margins ranging from a low of -10.95% in Q3 2022 to a high of -4.18% in Q1 2022.
Overall, the pretax margin has generally been negative, reflecting that Artivion Inc has not been able to generate enough pre-tax profit relative to its revenue. The company may need to focus on improving operational efficiency and cost management to enhance profitability and achieve sustainable growth in the future.
Peer comparison
Dec 31, 2023