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
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.