AtriCure, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:01 pm EDT
Share
AtriCure, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 98.29 million compared to USD 83.25 million a year ago. Revenue was USD 98.29 million compared to USD 83.25 million a year ago. Net loss was USD 9.06 million compared to USD 12.27 million a year ago. Basic loss per share from continuing operations was USD 0.2 compared to USD 0.27 a year ago.
For the nine months, sales was USD 292.7 million compared to USD 242.35 million a year ago. Revenue was USD 292.7 million compared to USD 242.35 million a year ago. Net loss was USD 20.65 million compared to USD 42.3 million a year ago. Basic loss per share from continuing operations was USD 0.45 compared to USD 0.93 a year ago.
AtriCure, Inc. provides technologies for the treatment for atrial fibrillation (Afib), left atrial appendage (LAA) management and post-operative pain management. The Company's cardiac ablation and left atrial appendage management (LAAM) products are used by physicians during open-heart and minimally invasive surgical procedures. Its pain management solutions are used by physicians to freeze nerves during cardiothoracic or thoracic surgical procedures. The Company's products for open and minimally invasive ablation include Isolator Synergy Clamps and Multifunctional Pens and Linear Ablation Devices. Its products for open ablation include cryoICE Cryoablation System. Its products for minimally invasive ablation include EPi-Sense Guided Coagulation System with VisiTrax Technology. Its appendage management products include AtriClip System. The Isolator Synergy Ablation System clamps are single-use disposable radio frequency (RF) products with jaws that close in a parallel fashion.
ATRICURE, INC. 
