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AtriCure, Inc. (symbol: ATRC) is a leading provider of cutting-edge medical technologies aimed at treating atrial fibrillation (Afib) and related conditions. With over 33 million people affected by Afib globally, AtriCure stands at the forefront of developing innovative solutions to combat this prevalent health issue. Electrophysiologists and cardiothoracic surgeons around the world rely on AtriCure's products to reduce complications associated with Afib.
The company's flagship product, the Isolator® Synergy™ Ablation System, is notably the first and only device approved by the FDA for the treatment of persistent Afib. Additionally, the AtriClip Left Atrial Appendage Exclusion System holds the title of the most widely sold LAA management device globally, with over 100,000 units implanted to date.
AtriCure's diverse product line includes solutions for Cryoablation, Soft Tissue Dissection, RF Ablation, Pacing and Sensing, among others. They also offer a range of minimally invasive ablation devices and access tools catering to the increasing demand for less invasive cardiac and thoracic surgeries. Their products are distributed to medical centers through a combination of a direct sales force and a network of distributors.
Geographically, the majority of AtriCure's revenue is generated from the United States. The company continues to expand its impact through ongoing projects, research, and partnerships aimed at improving patient outcomes and advancing the field of cardiac surgery.
For more detailed information about AtriCure's latest developments, visit their official website at AtriCure.com or follow them on Twitter @AtriCure.
AtriCure (ATRC) reported strong financial results for Q4 and full-year 2024. Q4 revenue reached $124.3 million, up 16.6% year-over-year, while full-year revenue grew 16.5% to $465.3 million. U.S. revenue increased 14.4% to $101.6 million in Q4, driven by sales of cryoSPHERE probes, AtriClip Flex-V devices, and EnCompass clamp. International revenue rose 27.7% to $22.7 million.
The company reported a Q4 net loss of $0.33 per share, compared to $0.21 in Q4 2023. Adjusted EBITDA was positive at $12.7 million for Q4 2024. For 2025, AtriCure projects revenue between $517-527 million and positive adjusted EBITDA of $42-44 million.
Notable developments include the launch of new products: cryoSPHERE+, cryoSPHERE MAX, AtriClip FLEX-Mini in the U.S., and EnCompass clamp in Europe.
AtriCure (Nasdaq: ATRC), a company specializing in surgical treatments for atrial fibrillation, left atrial appendage management, and post-operative pain management, has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, February 12, 2025.
The company will host an audio webcast at 4:30 p.m. Eastern Time on the same day to discuss the financial results. Interested participants are advised to register online more than 15 minutes before the call begins. Both live and replay versions of the webcast will be accessible through AtriCure's investor relations website.
AtriCure has announced its preliminary financial results for Q4 and full year 2024, alongside its 2025 financial guidance.
Preliminary, unaudited revenue for Q4 2024 is expected to be $124.3 million, a growth of approximately 17% over Q4 2023. U.S. revenue is projected at $101.6 million (14% growth), and international revenue at $22.7 million (28% growth). This growth is driven by strong performance in cryoSPHERE® devices, AtriClip® devices, and the EnCompass® clamp.
For the full year 2024, revenue is expected to be $465.3 million, up by 17% from 2023. Adjusted EBITDA is anticipated to be around $26 million to $29 million, with an adjusted loss per share of $0.74 to $0.80.
Looking ahead, AtriCure projects 2025 revenue between $517 million and $527 million, with positive adjusted EBITDA of $40 million to $44 million and modest cash flow generation. The company will host an Analyst & Investor Day on March 26, 2025, to discuss its product portfolio, innovative pipeline, and long-term financial goals.
AtriCure (Nasdaq: ATRC), a leader in surgical treatments and therapies for atrial fibrillation (Afib), left atrial appendage (LAA) management, and post-operative pain management, announced its participation in the 43rd Annual J.P. Morgan Healthcare Conference.
The event will take place on Wednesday, January 15, 2025, at 3:00 pm Pacific Standard Time. AtriCure’s management will present at this conference. Interested individuals can access a live audio webcast of the presentation by visiting the “Investors” section of the company’s website at https://ir.atricure.com.
AtriCure (Nasdaq: ATRC), a company specializing in surgical treatments for atrial fibrillation, left atrial appendage management, and post-operative pain management, has announced its participation in the Piper Sandler 36th Annual Healthcare Conference. The company's management will engage in a fireside discussion on Wednesday, December 4, 2024, at 9:00 am EST. The presentation will be accessible via live audio webcast through the Investors section of AtriCure's website.
AtriCure (Nasdaq: ATRC), a company specializing in surgical treatments for atrial fibrillation, left atrial appendage management, and post-operative pain management, has announced its participation in the Stifel 2024 Healthcare Conference. The company's management will engage in a fireside chat on Monday, November 18, 2024, at 9:10 am EST. A live audio webcast of the presentation will be accessible through the 'Investors' section of AtriCure's website.
AtriCure reported strong Q3 2024 financial results with worldwide revenue reaching $115.9 million, up 17.9% year-over-year. U.S. revenue grew 16.8% to $95.5 million, while international revenue increased 23.3% to $20.5 million. The company achieved 20% growth in U.S. open appendage management devices and generated positive cash flow of $16.3 million. Gross profit was $86.8 million with a 74.9% margin. The company updated its full-year 2024 revenue guidance to $459-462 million, representing 15-16% growth, and maintained its Adjusted EBITDA guidance of $26-29 million.
AtriCure (Nasdaq: ATRC), a company specializing in surgical treatments for atrial fibrillation, left atrial appendage management, and post-operative pain management, has announced its participation in the upcoming UBS Global Healthcare Conference. The company's management will engage in a fireside chat on Tuesday, November 12, 2024, at 5:00 pm Pacific Standard Time. A live audio webcast of the presentation will be accessible through the Investors section of AtriCure's website.
AtriCure, Inc. (Nasdaq: ATRC) has launched the cryoSPHERE MAX™ cryoablation probe, an upgraded device for Cryo Nerve Block™ therapy (cryoNB). The new probe features a larger 10 mm ball tip with 60% more surface area than previous models, enabling 50% reduced freeze times compared to the first-generation probe. Key improvements include:
- Reduced recommended ablation time to 60 seconds per targeted nerve
- Enhanced insulation and Nitrous Oxide gas utilization
- Improved tactile tissue feedback and real-time temperature monitoring
- Larger ice ball formation and greater heat extraction
These advancements aim to optimize efficiency, reduce total operative time, and improve gas utilization in post-operative pain management procedures.
AtriCure, Inc. (Nasdaq: ATRC), a leading innovator in surgical treatments for atrial fibrillation, left atrial appendage management, and post-operative pain management, has announced it will release its third quarter 2024 financial results on Tuesday, October 29, 2024. The company will host an audio webcast at 4:30 p.m. Eastern Time on the same day to discuss the results.
Interested parties can register for the conference call online using the provided link. Registration is recommended more than 15 minutes before the call starts. Both live and replay versions of the audio webcast will be available on AtriCure's investor relations website.
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