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Artivion Reports Third Quarter 2025 Financial Results
Prnewswire· 2025-11-06 21:05
Core Insights - Artivion, Inc. reported strong financial performance in Q3 2025, achieving 16% constant currency revenue growth driven by significant increases in stent grafts and On-X products [2][4][12] - The company is raising its full-year 2025 revenue and adjusted EBITDA guidance, reflecting confidence in continued growth [5][6] Financial Performance - Total revenues for Q3 2025 were $113.4 million, an 18% increase on a GAAP basis and a 16% increase on a non-GAAP constant currency basis compared to Q3 2024 [4][12] - Net income for Q3 2025 was $6.5 million, or $0.13 per fully diluted share, compared to a net loss of $(2.3) million in Q3 2024 [4][12] - Adjusted EBITDA increased by 39% to $24.6 million in Q3 2025 compared to $17.7 million in Q3 2024 [12] Product Performance - Revenue growth was primarily driven by stent grafts, which grew by 38%, and On-X products, which grew by 25% year-over-year [2][12] - Preservation services and BioGlue also contributed to revenue growth, with increases of 5% and 2%, respectively [2] Strategic Initiatives - The company enrolled the first patient in the ARTIZEN trial for Arcevo, marking a significant milestone in its clinical programs [3] - Artivion presented new favorable clinical data from its AMDS PERSEVERE and PROTECT trials, further validating the benefits of its AMDS technology [3] Financial Outlook - Artivion raised its full-year 2025 revenue guidance to a range of $439 to $445 million, expecting constant currency growth of 13% to 14% [5] - The adjusted EBITDA guidance was also raised, now expecting growth between 24% and 28% for the full year 2025 [6]
Artivion to Participate in the Stifel 2025 Healthcare Conference
Prnewswire· 2025-10-29 20:10
Core Insights - Artivion, Inc. will participate in the Stifel 2025 Healthcare Conference on November 12, 2025, with a fireside chat scheduled for 8:00 a.m. ET [1] Company Overview - Artivion, Inc. is headquartered in suburban Atlanta, Georgia, and focuses on developing solutions for cardiac and vascular surgeons addressing aortic diseases [2] - The company offers four major product groups: aortic stent grafts, surgical sealants, On-X mechanical heart valves, and implantable cardiac and vascular human tissues [2] - Artivion markets and sells its products in over 100 countries worldwide [2]
Artivion Announces Release Date and Teleconference Call Details for Third Quarter 2025 Financial Results
Prnewswire· 2025-10-23 20:10
Core Insights - Artivion, Inc. will release its third quarter 2025 financial results on November 6, 2025, after market close, followed by a teleconference at 4:30 p.m. ET [1] - The company specializes in cardiac and vascular surgery, focusing on aortic disease, and offers a range of products including aortic stent grafts and mechanical heart valves [3] Financial Results Announcement - The financial results will be discussed in a teleconference led by Pat Mackin, the Chairman, President, and CEO of Artivion [1] - A replay of the teleconference will be available shortly after the event, with specific access numbers provided [2] Company Overview - Artivion is headquartered in suburban Atlanta, Georgia, and operates in over 100 countries [3] - The company develops solutions for cardiac and vascular surgeons, addressing challenges in treating aortic diseases [3]
Artivion to Participate in Morgan Stanley 23rd Annual Global Healthcare Conference
Prnewswire· 2025-09-05 20:10
Company Overview - Artivion, Inc. is a leading cardiac and vascular surgery company focused on aortic disease [2] - The company is headquartered in suburban Atlanta, Georgia and markets products in over 100 countries worldwide [2] Product Offerings - Artivion's major product groups include aortic stent grafts, surgical sealants, On-X mechanical heart valves, and implantable cardiac and vascular human tissues [2] Upcoming Events - Artivion will participate in the Morgan Stanley 23 Annual Global Healthcare Conference on September 10, 2025, with a fireside chat scheduled at 2:35 pm ET [1] - A live webcast of the event will be available on Artivion's website, with an archived copy accessible for 90 days [2]
Artivion Announces Closing of Transactions to Exchange $99.5 Million in Principal Amount of its 4.250% Convertible Notes Due 2025 for Common Stock
Prnewswire· 2025-05-28 21:51
Core Viewpoint - Artivion, Inc. has successfully closed transactions related to privately negotiated exchange agreements with holders of its 4.250% Convertible Senior Notes due 2025, significantly reducing its outstanding debt and enhancing its financial position [1][3]. Financial Transactions - The exchange agreements involved the conversion of approximately $99.54 million of Notes into 4,334,347 shares of common stock, along with a cash payment of approximately $1.7 million for accrued and unpaid interest [2]. - Following the transactions, only about $0.46 million in principal amount of the Notes remains outstanding [2]. Management Commentary - The CEO of Artivion highlighted that the retirement of the convertible notes is a significant milestone that reduces leverage ratios and enhances balance sheet flexibility [3]. Advisory Role - J. Wood Capital Advisors LLC served as the financial advisor to Artivion during these exchange transactions [4]. Company Overview - Artivion, Inc. is a medical device company focused on solutions for cardiac and vascular surgery, particularly in treating aortic diseases, with a product range that includes aortic stent grafts, surgical sealants, mechanical heart valves, and implantable tissues [7].
Artivion Announces Presentation of New Clinical Data from NEXUS TRIOMPHE IDE Trial at the 105th American Association for Thoracic Surgery (AATS) Annual Meeting
Prnewswire· 2025-05-05 11:00
Core Insights - The NEXUS TRIOMPHE trial data shows a 63% reduction in Major Adverse Event (MAE) rates compared to the reference performance goal, indicating significant clinical improvement for patients with chronic aortic dissection [1][3]. Clinical Outcomes - The trial involved a cohort of 54 patients at high risk for open surgical repair, demonstrating a MAE rate of 13% against a performance goal of 35% (p < 0.001) [4]. - Technical failure rates were reported at 1.9%, significantly lower than the 30% performance goal (p < 0.001) [4]. Device Performance - The NEXUS device is presented as a minimally invasive alternative to open aortic arch replacement, particularly beneficial for high-risk patients [5]. - The trial results are expected to support the clinical module of the PMA filing after one year of follow-up with the primary cohort [6]. Company Overview - Artivion, Inc. specializes in medical devices for cardiac and vascular surgery, focusing on aortic diseases, and markets products in over 100 countries [7].