AtriCure Inc

AtriCure Inc

ATRC · NASDAQ · Healthcare / Medical Instruments & Supplies

56.84USD+0.86 (+1.54%)

Price History

Full chart

Market Stats

Previous Close55.98
Open56.11
Day Range55.81 – 57.28
52-Week Range25.36 – 61.70
Volume558.80K
Market Cap2.97B
P/E (TTM)278.00
Forward P/E232.56
EPS0.21
Dividend Yield0.00%
Beta1.26
50-Day Avg46.44
200-Day Avg35.86

About

AtriCure, Inc. engages in the development, manufacture, and sale of devices for surgical ablation of cardiac tissue, exclusion of the left atrial appendage, and temporarily blocking pain by ablating peripheral nerves to medical centers in the United States, the Asia-Pacific, and internationally. It offers Isolator Synergy Ablation System clamps, a single-use disposable radio frequency products; multifunctional pens and linear ablation devices, a single-use disposable RF products for the treatment of cardiac arrhythmias; cryoICE Cryoablation System that enables the user to make linear ablations of varied lengths; and EPi-Sense Systems, a single-use disposable device used for the treatment of symptomatic, drug-refractory, and long-standing persistent atrial fibrillation. It also provides cryoSPHERE probe, which provides temporary pain relief by applying cryothermic energy to targeted intercoastal peripheral nerves in the ribcage; AtriClip System, an implantable device coupled to a single-use disposable applier; cryoXT probes, a cryoablation device designed specifically for Cryo Nerve Block therapy; LARIAT System, a solution for soft-tissue closure; Lumitip dissectors to separate tissues to provide access to key anatomical structures that are targeted for ablation; Glidepath guides for placement of clamps; and Subtle Cannula's to support access for EPi-Sense catheters. In addition, the company sells various reusable cardiac surgery instruments. It markets and sells its products through independent distributors and direct sales personnel. The company was incorporated in 2000 and is headquartered in Mason, Ohio.

Company Details

  • SectorHealthcare
  • IndustryMedical Instruments & Supplies
  • CEOMr. Michael H. Carrel
  • Employees1.35K
  • Headquarters7555 Innovation Way, Mason, OH, United States, 45040, USA
  • Websitehttps://www.atricure.com

Leadership

  • Mr. Michael H. CarrelCEO, President & Director · b. 1971
  • Ms. Angela L. WirickChief Financial Officer · b. 1978
  • Mr. Douglas J. SeithChief Operating Officer · b. 1966
  • Mr. Salvatore Privitera J.D.Chief Technical Officer · b. 1967
  • Mr. Justin J. NozneskyChief Marketing & Strategy Officer · b. 1978
  • Dr. Vinayak Doraiswamy Ph.D.Chief Scientific Officer · b. 1973
  • Mr. Karl S. Dahlquist CCEP, J.D.Chief Legal Officer · b. 1971
  • Valerie Storch-WillhausVice President of Corporate Marketing & Communications

Financials

Income Statement

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue20.00K1.77M9.79M19.16M30.96M38.24M48.31M55.26M54.53M59.01M64.40M70.25M81.89M107.45M129.75M155.11M174.72M201.63M230.81M206.53M274.33M330.38M399.25M465.31M534.53M
Growth (%)-+8730.00%+454.47%+95.64%+61.60%+23.54%+26.32%+14.38%-1.31%+8.20%+9.15%+9.08%+16.57%+31.22%+20.75%+19.54%+12.64%+15.40%+14.47%-10.52%+32.83%+20.43%+20.84%+16.55%+14.88%
Cost of Revenue8.00K681.00K2.61M5.20M8.06M7.63M10.14M13.22M12.75M13.62M17.41M20.23M22.33M31.70M36.88M44.01M48.55M54.51M60.47M57.22M68.47M84.44M98.88M117.78M136.79M
Gross Profit12.00K1.08M7.18M13.96M22.90M30.62M38.17M42.03M41.78M45.39M47.00M50.01M59.56M75.75M92.88M111.10M126.16M147.12M170.34M149.31M205.86M245.94M300.37M347.52M397.74M
Gross Margin60.00%61.44%73.33%72.85%73.97%80.06%79.02%76.07%76.62%76.92%72.97%71.20%72.74%70.50%71.58%71.63%72.21%72.97%73.80%72.29%75.04%74.44%75.23%74.69%74.41%
Operating Expense3.15M6.75M10.54M19.61M33.70M45.39M50.74M53.03M57.29M48.58M51.73M57.21M70.45M92.11M119.59M142.24M151.14M164.25M203.46M193.54M150.66M288.61M327.05M387.54M401.19M
Operating Income-3.14M-5.66M-3.36M-5.65M-10.80M-14.77M-12.57M-11.00M-15.51M-3.19M-4.73M-7.20M-10.89M-16.36M-26.72M-31.14M-24.98M-17.13M-33.12M-44.23M55.20M-42.67M-26.68M-40.01M-3.45M
Operating Margin-15700.00%-320.61%-34.28%-29.51%-34.90%-38.62%-26.02%-19.90%-28.44%-5.41%-7.35%-10.25%-13.30%-15.23%-20.59%-20.07%-14.30%-8.49%-14.35%-21.42%20.12%-12.92%-6.68%-8.60%-0.64%
EBITDA-3.14M-5.66M-3.36M-4.67M-8.68M-12.88M-10.25M-7.35M-13.33M-547.72K-2.69M-4.78M-8.86M-11.10M-20.61M-22.20M-15.49M-7.55M-21.52M-34.69M65.75M-30.96M-8.11M-18.53M16.25M
EBITDA Margin-15700.00%-320.61%-34.28%-24.39%-28.03%-33.69%-21.21%-13.29%-24.44%-0.93%-4.17%-6.81%-10.82%-10.33%-15.88%-14.31%-8.86%-3.74%-9.32%-16.79%23.97%-9.37%-2.03%-3.98%3.04%
Net Income-3.60M-9.03M-7.11M-9.45M-12.68M-13.72M-11.25M-10.17M-16.49M-3.79M-5.46M-7.53M-11.46M-16.21M-27.21M-33.34M-26.89M-21.14M-35.19M-48.16M50.20M-46.47M-30.44M-44.70M-11.45M
Net Income Margin-17980.00%-511.38%-72.59%-49.34%-40.97%-35.87%-23.29%-18.40%-30.25%-6.43%-8.47%-10.73%-14.00%-15.09%-20.97%-21.49%-15.39%-10.48%-15.25%-23.32%18.30%-14.06%-7.62%-9.61%-2.14%
R&D--2.50M4.42M9.11M12.22M10.99M10.61M11.41M11.53M11.86M12.15M13.44M18.60M25.74M35.82M34.14M34.72M41.23M43.07M48.51M57.34M73.92M96.18M90.17M
R&D as % of Total Revenue--25.54%23.08%29.42%31.94%22.74%19.20%20.93%19.54%18.41%17.29%16.41%17.31%19.84%23.10%19.54%17.22%17.86%20.85%17.68%17.35%18.51%20.67%16.87%
Interest Expense00002.33M2.33M213.00K364.07K812.33K861.57K814.43K802.00K566.00K305.00K292.00K1.80M2.26M4.61M4.11M4.88M4.92M4.99M6.92M6.41M5.88M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%7.53%6.10%0.44%0.66%1.49%1.46%1.26%1.14%0.69%0.28%0.23%1.16%1.30%2.28%1.78%2.37%1.79%1.51%1.73%1.38%1.10%

Balance Sheet

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets2.05M17.59M14.76M12.73M50.04M39.13M46.07M43.37M34.98M33.72M33.86M32.43M111.95M158.40M273.09M276.42M267.70M356.76M557.88M714.54M615.31M585.45M613.93M609.33M654.18M
Total Liabilities320.00K566.00K33.70M40.06M6.86M8.43M9.83M14.25M17.89M16.98M18.24M19.93M39.34M25.87M86.41M107.98M106.54M107.38M310.54M302.14M131.56M128.69M147.76M148.36M162.24M
Total Equity1.73M17.02M-18.94M-27.33M43.18M30.69M36.24M29.12M17.09M16.74M15.61M12.50M72.60M132.54M186.69M168.44M161.17M249.38M247.34M412.39M483.76M456.75M466.17M460.97M491.94M
Cash--10.40M5.18M27.43M14.89M13.00M11.45M8.91M4.23M9.76M7.75M14.89M28.38M23.76M24.21M21.81M32.23M28.48M41.94M43.65M58.10M84.31M122.72M167.43M
Total Debt----1.48M1.08M1.11M6.07M4.90M2.85M6.47M8.44M6.45M4.05M14.16M38.89M37.42M52.46M76.42M74.00M75.65M74.55M74.49M76.53M88.02M
Net Debt----5.18M-25.95M-13.81M-11.89M-5.38M-4.01M-1.38M-3.29M683.00K-8.44M-24.33M-9.60M14.69M15.61M20.23M47.94M32.06M31.99M16.45M-9.82M-46.19M-79.41M

Cash Flow

Currency: USD2003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow--3.80M-7.62M-12.47M-8.12M-5.71M419.95K-33.43K-1.99M-1.94M-5.22M-21.60M-7.84M-15.12M-8.94M-4.17M-15.81M-19.87M-13.78M-22.14M4.48M12.20M57.33M
Investing Cash Flow--1.51M-14.74M114.64K-8.79M-1.17M-2.17M-3.33M2.72M-2.80M-14.15M-30.62M-10.50M-12.08M3.76M-85.40M-2.15M-156.20M23.50M44.01M21.82M30.23M-14.55M
Financing Cash Flow18.00K89.18K44.61M-277.37K15.03M5.28M-914.01K-1.44M4.85M2.66M26.83M65.87M13.96M27.70M2.76M100.18M14.37M189.39M-7.64M-7.06M-32.00K-3.60M1.18M
Capital Expenditure1.25M1.51M1.95M1.68M3.04M1.75M1.36M1.81M1.52M2.98M2.86M9.21M24.00M7.69M6.38M6.21M12.18M5.26M9.75M16.88M42.00M23.46M9.05M
Free Cash Flow--5.31M-9.57M-14.15M-11.16M-7.46M-940.51K-1.85M-3.51M-4.92M-8.09M-30.81M-31.84M-22.81M-15.33M-10.38M-27.99M-25.13M-23.53M-39.02M-37.51M-11.26M48.28M
Dividends Paid--------010.66M2.51M6.93M3.04M28.34M4.40M25.78M3.86M14.16M12.36M6.04M60.00K00
FCF to OCF-139.82%125.63%113.48%137.51%130.61%-223.96%5525.05%176.64%254.18%154.84%142.63%406.01%150.88%171.38%248.91%177.05%126.47%170.78%176.24%-836.62%-92.22%84.22%
Dividend Paid to FCF--------0.00%-216.60%-31.02%-22.51%-9.56%-124.23%-28.72%-248.28%-13.80%-56.37%-52.50%-15.48%-0.16%0.00%0.00%

Earnings

Report DateSep 9, 2005Nov 3, 2005Feb 16, 2006May 4, 2006Aug 8, 2006Nov 8, 2006Feb 15, 2007May 10, 2007Aug 9, 2007Nov 6, 2007Feb 14, 2008May 6, 2008Aug 5, 2008Nov 4, 2008Feb 19, 2009May 5, 2009Aug 4, 2009Nov 4, 2009Feb 18, 2010May 10, 2010Aug 4, 2010Nov 2, 2010Feb 16, 2011May 4, 2011Aug 2, 2011Nov 1, 2011Feb 27, 2012May 2, 2012Aug 2, 2012Nov 1, 2012Feb 28, 2013May 2, 2013Aug 1, 2013Oct 29, 2013Feb 27, 2014Apr 24, 2014Jul 24, 2014Oct 30, 2014Feb 23, 2015Apr 29, 2015Jul 28, 2015Oct 27, 2015Feb 23, 2016Apr 28, 2016Aug 4, 2016Oct 27, 2016Feb 28, 2017May 4, 2017Jul 27, 2017Nov 1, 2017Feb 26, 2018Apr 26, 2018Aug 1, 2018Nov 1, 2018Feb 28, 2019Apr 25, 2019Jul 30, 2019Oct 30, 2019Feb 18, 2020Apr 29, 2020Jul 28, 2020Nov 5, 2020Feb 23, 2021Apr 27, 2021Aug 4, 2021Nov 3, 2021Feb 15, 2022May 3, 2022Aug 2, 2022Nov 1, 2022Feb 21, 2023May 2, 2023Jul 25, 2023Nov 1, 2023Feb 15, 2024May 1, 2024Jul 30, 2024Oct 29, 2024Feb 13, 2025Apr 29, 2025Jul 29, 2025Oct 29, 2025Feb 17, 2026May 5, 2026Jul 23, 2026Nov 4, 2026
EPS Estimate--0.33-0.31-0.36-0.34-0.40-0.43-0.29-0.27-0.26-0.20-0.24-0.17-0.16-0.18-0.19-0.08-0.09-0.09-0.09-0.11-0.09-0.07-0.07-0.06-0.08-0.07-0.14-0.07-0.09-0.10-0.09-0.10-0.16-0.14-0.22-0.18-0.18-0.20-0.21-0.21-0.22-0.34-0.32-0.30-0.28-0.31-0.36-0.26-0.24-0.21-0.27-0.22-0.21-0.17-0.24-0.17-0.31-0.40-0.41-0.54-0.31-0.28-0.36-0.30-0.29-0.31-0.34-0.29-0.25-0.18-0.35-0.31-0.31-0.23-0.23-0.17-0.20-0.15-0.22-0.16-0.12-0.04-0.060.030.01
EPS Actual-0.30-0.30-0.33-0.26-0.26-0.26-0.35-0.33-0.22-0.18-0.11-0.25-0.11-0.12-0.22-0.08-0.08-0.06-0.15-0.13-0.05-0.070.00-0.08-0.06-0.07-0.13-0.10-0.08-0.16-0.12-0.10-0.09-0.13-0.24-0.31-0.10-0.02-0.20-0.19-0.18-0.22-0.36-0.31-0.26-0.21-0.27-0.32-0.21-0.22-0.20-0.31-0.19-0.24-0.09-0.20-0.17-0.33-0.37-0.42-0.38-0.11-0.28-0.32-0.30-0.23-0.30-0.33-0.32-0.27-0.09-0.23-0.12-0.20-0.21-0.25-0.17-0.17-0.08-0.14-0.02-0.010.060.000.18-
Surprise-9.09%-6.45%27.78%23.53%35.00%18.60%-13.79%18.52%30.77%45.00%-4.17%35.29%25.00%-22.22%57.89%0.00%33.33%-66.67%-44.44%54.55%22.22%101.14%-14.29%0.00%12.50%-85.71%28.57%-14.29%-77.78%-20.00%-11.11%10.00%18.75%-71.43%-40.91%44.44%88.89%0.00%9.52%14.29%0.00%-5.88%3.13%13.33%25.00%12.90%11.11%19.23%8.33%4.76%-14.81%13.64%-14.29%47.06%16.67%0.00%-6.45%7.50%-2.44%29.63%64.52%0.00%11.11%0.00%20.69%3.23%2.94%-10.34%-8.00%50.00%34.29%61.29%35.48%8.70%-8.70%0.00%15.00%46.24%36.36%87.50%91.67%250.00%103.67%500.00%-
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Key Statistics & Ratios

Market Cap2.97B
Enterprise Value2.95B
Trailing P/E278.00
Forward P/E232.56
PEG Ratio10.00
Price / Sales5.21
Price / Book5.79
EPS0.21
Book Value10.15
Revenue (TTM)569.62M
Gross Profit (TTM)434.61M
EBITDA33.75M
Profit Margin1.85%
Operating Margin6.29%
Return on Equity2.15%
Return on Assets1.25%
Shares Outstanding50.87M
Shares Float48.82M
Beta1.26
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 9 analystsTarget 53.33
  • Strong Buy
    4
  • Buy
    3
  • Hold
    2

Ownership Breakdown

Institutions
105.58%
Insiders
3.77%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    4.04M7.95%
  • Wellington Management Company LLP
    3.50M6.87%
  • AllianceBernstein L.P.
    3.26M6.41%
  • Hood River Capital Management LLC
    3.12M6.13%
  • Vanguard Portfolio Management, LLC
    2.70M5.31%
  • Vanguard Capital Management, LLC
    2.16M4.24%
  • Delaware Management Holdings Inc
    1.80M3.55%
  • The Goldman Sachs Group Inc
    1.67M3.28%
  • Marshall Wace Asset Management Ltd
    1.47M2.89%
  • State Street Corp
    1.30M2.56%
  • Geode Capital Management, LLC
    1.23M2.41%
  • Divisadero Street Capital Management, LP
    1.16M2.28%
  • BNP Paribas Investment Partners SA
    1.06M2.09%
  • Neuberger Berman Group LLC
    1.05M2.06%
  • Dimensional Fund Advisors, Inc.
    1.04M2.05%

Top Fund Holders

  • Hood River Small-Cap Growth Instl
    1.53M3.00%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.52M2.99%
  • Nomura Small Cap Core I
    1.38M2.71%
  • iShares Russell 2000 ETF
    1.28M2.51%
  • Vanguard Small Cap Index
    1.11M2.17%