Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $253 | $299 | $314 | $354 | $389 |
| Gross Profit | $168 | $198 | $203 | $229 | $249 |
| Operating Income | $2 | $8 | $6 | $6 | $39 |
| Net Income | -$17 | -$15 | -$19 | -$31 | -$13 |
Over the past five years, ARTIVION, INC. has demonstrated consistent revenue growth, rising from approximately USD 253 million in 2020 to nearly USD 389 million in 2024—a growth of about 53% over the period. Correspondingly, gross profit increased from USD 167.8 million to USD 248.8 million, reflecting improving sales and potentially favorable product mix or pricing strategies. Despite these positive top-line and gross margin trends, the company’s net income has remained in negative territory throughout the period. Notably, net losses fluctuated, with a slight narrowing in 2021 (USD –14.8 million) compared to 2020 (USD –16.7 million), worsening in 2022 and peaking in 2023 at USD –30.7 million before improving to USD –13.4 million in 2024. A key observation is the significant year-over-year swing in operating income. After modest operating gains of USD 2.4 million in 2020, USD 8.1 million in 2021, and USD 6.2 million in 2022, there was a sharp decline to USD 5.7 million in 2023; however, 2024 saw a substantial rebound to USD 38.9 million, marking a dramatic improvement of over 500% from the prior year. This spike in operating income may indicate the successful implementation of cost efficiencies, operational improvements, or one-off events that favorably impacted earnings before unusual items. Overall, while the revenue and gross profit trends point to a growing business, the persistent net losses and volatility in operating income highlight challenges in achieving consistent profitability. Based on these metrics, ARTIVION, INC. appears to be on a positive operational trajectory, yet its financial sustainability will depend on converting revenue growth into sustainable net profitability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.